magento development services xmediasolutions

 Magento is an open-source e-commerce platform written in PHP. It uses multiple other PHP frameworks such as Laminas and Symfony. Magento source code is distributed under Open Software License (OSL) v3.0. Magento was acquired by Adobe Inc in May 2018 for $1.68 Billion USD.[3]

The software was originally developed by Varien Inc., a US private company headquartered in Culver City, California, with assistance from volunteers.

More than 100,000 online stores have been created on this platform. The platform code has been downloaded more than 2.5 million times, and $155 billion worth of goods have been sold through Magento-based systems in 2019.[4] Two years ago, Magento accounted for about 30% of the total market share.[5]

Varien published the first general-availability release of the software on March 31, 2008. Roy Rubin, the former CEO of Varien, later sold a share of the company to eBay, which eventually completely acquired and then sold the company to Permira;[6] Permira later sold it to Adobe.[7]

On November 17, 2015, Magento 2.0 was released. Among the features changed in V2 are the following: reduced table locking issues, improved page caching, enterprise-grade scalability, inbuilt rich snippets for structured data, new file structure with easier customization, CSS Preprocessing using LESS & CSS URL resolver, improved performance and a more structured code base. Magento employs the MySQL or MariaDB relational database management system, the PHP programming language, and elements of the Zend Framework.[8] It applies the conventions of object-oriented programming and model–view–controller architecture. Magento also uses the entity–attribute–value model to store data[9] and as of version 2.4 it requires Elasticsearch for its catalog search capability.[10] On top of that, Magento 2 introduced the Model-View-ViewModel pattern to its front-end code using the JavaScript library Knockout.js.

Magento officially started development in early 2007. Seven months later, on August 31, 2007, the first public beta version was released.[citation needed]

Varien, the company owning Magento formerly worked with osCommerce. Varien had originally planned to fork osCommerce but later decided to rewrite it as Magento.[11]

In the first years of its existence, the platform has been the winner of the "Best of Open Source Software Awards" and "SourceForge Community Choice Awards" several times.[12]

In February 2011, eBay announced it had made an investment in Magento in 2010, worth a 49% ownership share of the company. On June 6, 2011, eBay announced that it would be acquiring the rest of Magento, which would join its new X.Commerce initiative. Magento's CEO and co-founder Roy Rubin wrote on the Magento blog that "Magento will continue to operate out of Los Angeles, with Yoav Kutner and me as its leaders.".[13]

Yoav Kutner left Magento in April 2012, citing that the vision for Magento had changed since the time of acquisition due to high-level staff changes.[14]