E-commerce Trending – Adobe Acquire Magento Commerce for $1.68 B


It’s a trending story since Adobe Systems officially announced to acquisition of the Magento Commerce Company for $1.68 billion, that’s pretty awesome. This has created a buzz in the E-commerce sector & sent down shares as much as 5.5% in Magento’s e-commerce rival, Shopify.

Magento is Focused on the E-commerce segment & undoubtedly one of the most powerful community-driven companies. Magento, which counts CocaCola CoIntelligentsia Coffee, Canon Inc., and Burger King among its customers, helps companies build online stores seamlessly. On the other end, Adobe has expressed its interest to get a bigger slice of digital commerce through this acquisition

This is trending news since its release; every corner of the e-commerce development agency is discussing this. The community is in strange shock, some are excited, some are scared, and a few don’t know how to react (just like us).  Everyone likely discussed its impact on the open source approach, license sale, a gateway for new technology Adobe had developed, etc.  However, it’s too early to predict its impact on the sector so maybe everyone’s just as excited as we are to see how this deals impact on a community

Check Official Announcement here

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