eBay Inc. (Nasdaq:EBAY) today announced it completed its previously
announced acquisition of Magento, Inc., the creators of Magento, a
leading open source ecommerce platform. The deal follows eBay’s
acquisition of a minority stake in the company in 2010. eBay now owns
100 percent of the outstanding shares of Magento. Terms of the deal were
not disclosed.
The Magento platform serves tens of thousands of merchants worldwide and
is supported by a global community of solution partners and third-party
developers. Magento is a feature-rich, open-source, enterprise-class
commerce solution that offers merchants a high degree of flexibility and
control over the user experience, catalog, content and functionality of
their online stores. Magento Go, the company’s hosted
software-as-a-service solution, provides small and growing merchants
with the tools to help them succeed online – from payments to inventory
management.
Magento will be a part of X.commerce, eBay Inc.’s integrated open
commerce platform group, focused on leveraging the company’s assets and
partner technologies to build a strong, robust developer community as a
resource for merchants and retailers of all sizes. More details will be
shared with developers during the X.commerce
Innovate Developer Conference, October 12-13 in San Francisco.
About eBay Inc.
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) is about
connecting buyers and sellers. We do so through eBay, the world’s
largest online marketplace, which allows users to buy and sell in nearly
every country on earth; through PayPal, which enables individuals and
businesses to securely, easily and quickly send and receive online
payments; and through GSI, which facilitates ecommerce, multichannel
retailing and digital marketing for global enterprises. We also reach
millions through specialized marketplaces such as StubHub, the world’s
largest ticket marketplace, and eBay classifieds sites, which together
have a presence in more than 1,000 cities around the world. For more
information about the company and its global portfolio of online brands,
visit www.ebayinc.com.
Contacts
eBay Inc.
Amanda Coffee, 408-221-1984
press@ebay.com
