What Is Magento? Things You Need To Know About Magento In Australia

What is Magento

Considered to be the best advanced digital technology platform for e-commerce, Magento currently holds a large number of loyal customers from around the world. It is the trust of famous corporations. ex: Land Rover, Nike, Samsung, Coca-Cola, Ford, Nestle, Olympus, Lenovo, etc. In the future, this list will be expanded.

Magento is an open-source e-commerce platform written in PHP. It is one of the most popular open e-commerce systems in the network. This software is created using the Zend Framework. It applies the conventions of object-oriented programming and model–view–controller architecture. It also uses the entity–attribute–value model to store data.


  • In early 2007, Magento officially started development. Seven months later, on August 31, 2007, the first public beta version was released.
  • In February 2011, eBay announced it had made an investment in 2010, worth a 49% ownership share of the company.
  • On June 6, 2011, eBay announced that it would be acquiring the rest of company.
  • In April 2012, Yoav Kutner left company, citing that the vision for Magento had changed since the time of acquisition due to high-level staff changes.
  • On 3 November 2015, As a result of the breakup of eBay following Carl Icahn’s raid, it was spun out as an independent company by the new owner Permira private equity fund.
  • In May 2018, It was announced that Magento would be acquired by Adobe for $1.68bn with a view to integrating it into Adobe Experience Cloud, it’s Enterprise CMS platform. The acquisition was finalized on June 19, 2018.

Some websites using Magento 2:

Currently, there are about 250,00 active sites in the world using the Magento platform. And including the websites of the largest corporations in the world.

Related Articles:   Top 7 Magento ERP integrations (2021)

Release versions:

Currently, Magento has two release versions is M1.X and 2.X.

M2 version updates many features of modern websites technologies such as composer, less and cache. The latest actively supported versions of Magento Commerce is 2.3.3 (EE and CE) released on October 8, 2019.

You can refer to it here:

It comes to the end of the knowledge base.

We hope this Magento Australia blog was useful to you.

Thank you for reading!

Reference: Wikipedia.

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