Yes, Magento is an Adobe company. In 2018, Adobe acquired Magento Commerce, a leading provider of open-source e-commerce platform, for $1.68 billion. Since the acquisition, Magento has become a part of Adobe's Experience Cloud, a suite of tools and services for managing customer experiences across various touchpoints, including websites, mobile apps, and social media.
As an Adobe company, Magento continues to provide a powerful and flexible platform for building and managing online stores. It is used by small and large businesses alike, and it is particularly popular among merchants who sell a wide variety of products and need a robust and scalable solution for managing their online store.
How does Magento make money?
There are several ways that Magento makes money:
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License fees: Magento offers a range of licensing options, including a free Community Edition and paid Enterprise Edition. The Enterprise Edition offers additional features and support, and it is licensed on a annual subscription basis.
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Professional services: Magento offers a range of professional services, including consulting, development, and training, to help businesses build and maintain their online stores.
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Partnerships: Magento has a network of partners, including hosting providers, integrators, and solution providers, who offer a range of products and services to support Magento stores. Magento earns revenue through these partnerships.
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Marketplace: Magento operates a marketplace where developers can sell extensions and themes for the Magento platform. Magento earns a commission on sales made through the marketplace.
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