dcsimg
May 25, 2018
Hot Topics:

Open Source Magento Lands $22.5 Million Cash Injection

  • March 16, 2010
  • By Developer.com Staff

TechCrunch's Robin Wauters reported that according to a regulatory filing, open source Magento Commerce has been given a $22.5 million cash injection.

Wauters said that it's unclear where the new money came from, but Magento said it's "fresh" cash.

According Wauters' interview with Magento Senior Product Manager Tim Schulz, "they're positioning the Magento Commerce solution right in the center of various growth areas in electronic commerce and that its goal is to become the provider of the single largest e-commerce platform in the world."

Magento now has about 60,000 merchants using its software and they've registered $15 billion in transactions, Wauters said.


View Article



Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 


Enterprise Development Update

Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that developer.com may send you developer offers via email, phone and text message, as well as email offers about other products and services that developer believes may be of interest to you. developer will process your information in accordance with the Quinstreet Privacy Policy.

Sitemap

×
We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.
Thanks for your registration, follow us on our social networks to keep up-to-date