Computer software company ADOBE has completed the acquisition of US-based platform, Magento Commerce, for $1.68bn.

Magento Platform offers digital commerce, order management and predictive intelligence services to improve shopping experiences.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

As part of the deal announced in May, Magento Commerce Cloud will be integrated with Adobe Experience Cloud to offer a single, end-to-end digital experience platform for B2B and B2C customers globally.

Adobe digital experience executive vice-president and general manager Brad Rencher said: “Across every industry, people aren’t just buying products, they’re buying experiences.

“Adobe is the leader in delivering end-to-end digital experiences and with Magento Commerce, Adobe will further solidify its leadership position.”

“Digital transformation starts with a creative spark or a specific business need and comes to life with best-in-class technology.”

Magento Commerce Cloud also provides digital commerce and order orchestration for physical and digital goods across various domains, including consumer packaged goods, retail and wholesale.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The platform also offers a wide assortment of pre-built extensions such as payment, shipping, tax and logistics enabling businesses to change their commerce experience based on the business needs.

Following the transaction, Magento CEO Mark Lavelle will lead the Magento Commerce Cloud business and will report to Brad Rencher.

Lavelle said: “Digital transformation starts with a creative spark or a specific business need and comes to life with best-in-class technology.

“As a part of Adobe, we see a tremendous business opportunity to power experience-driven commerce for brands and merchants of all sizes.”