Adobe has announced that it is purchasing Magneto Commerce in deal which is worth $1.68 billion. Magento Commerce will form part of Adobe’s Digital Experience Business.
“Adobe is the only company with leadership in content creation, marketing, advertising, analytics and now commerce – enabling real-time experiences across the entire customer journey,” said Brad Rencher, executive vice president and general manager, Digital Experience, Adobe. “Embedding commerce into the Adobe Experience Cloud with Magento enables Adobe to make every moment personal and every experience shoppable.”
“Adobe and Magento share a vision for the future of digital experiences that brings together Adobe’s strength in content and data with Magento’s open commerce innovation,” said Mark Lavelle, CEO, Magento. “We’re excited to join Adobe and believe this will be a great opportunity for our customers, partners and developer community.”
You can find out more details about Adobe’s acquisition of Magento Commerce over at Adobe at the link below.
Source Adobe
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