Magento
Wiki, Facts

 Magento facts

• The software was originally developed by Varien Inc
• , a US private company headquartered in Culver City, California, with assistance from volunteers
• Varien published the first general-availability release of the software on March 31, 2008
• Roy Rubin, former CEO of Varien, later sold a substantial share of the company to eBay, which eventually completely acquired and then spun off the company
• According to the research conducted by aheadWorks in May 2015, Magento's market share among the 30 most popular e-commerce platforms is about 29
• 8%
• On November 17, 2015, Magento 2
• 0 was released, with an aim to provide new ways to heighten user engagement, smooth navigation, conversion rates and overall revenue generation
• It has well-organized business user tools speed up build up time and enhances productivity
• Table locking issues have purportedly been considerably reduced, Improved Page Caching and also allows in streamlining Guest checkout process for existing users, Enterprise-grade scalability, improved performance and better code base are some of the touted benefits of newer Magento version