Adobe acquired Magento Commerce for approximately $1.64 billion, a transaction completed in June 2018.
Magento Commerce operates in Commerce / Digital Experience. Magento was a privately held commerce platform company acquired on June 18, 2018 for approximately $1.64 billion. It offers digital commerce enablement and order orchestration for physical and digital goods across industries, from mid-market to enterprise businesses.
Adobe integrated Magento into Adobe Experience Cloud as the Magento Commerce Cloud, bringing together digital commerce, order management, and predictive intelligence to enable shopping experiences that scale from mid-market to enterprise businesses.
Advisory firms were not disclosed for this transaction.