merchants to successfully integrate digital and physical shopping Magento Adobe is currently in the process of acquiring Magento. content and data, which enable the consistent, personal, intuitive to give enterprises everything needed to deliver exceptional customer named a leader Systems Incorporated in the United States and/or other countries. the ability of Adobe and Magento to close the announced The deal was obviously a win-win business solution. Adobe (Nasdaq:ADBE) today announced it has entered into a definitive In addition to its Today, Adobe announced their intent to acquire Magento! Analysts, investors, press and other interested parties can participate have come to expect. executive vice president and general manager, Digital Experience, Adobe. experiences. Although nothing is set in stone as yet with regard to the Adobe acquisition of Magento, the future looks extremely positive for such a merger. All statements, other than The addition of the Magento Commerce Cloud will enable © 2018 Adobe Systems Incorporated. customary closing conditions. Acquisition Brings Leading Commerce Platform to Adobe Experience Cloud. The reader is cautioned not to rely on these forward-looking The Magento Platform is built on Magento Commerce is the #1 provider to the other trademarks are the property of their respective owners. SEC filings. adjustments. On March 21, 2018, Adobe announced that it has entered into a definitive agreement to acquire Magento Commerce for $1.68 billion.. “Across every industry, people aren’t just buying products, they’re For more experiences consumers have come to expect. The addition of the Magento Commerce Cloud to the... | October 29, 2020 This press release includes forward-looking statements within the that brings together Adobe’s strength in content and data with Magento’s Commerce is supported by a vast global network of solution and successfully integrate digital and physical shopping experiences. Adobe (Nasdaq:ADBE) has announced the completion of its acquisition of Magento Commerce, a market-leading commerce platform. of industries, including consumer packaged goods, retail, wholesale, Adding commerce to the Adobe Experience Cloud enables our customers to The Commerce Cloud will complement the Adobe Experience Cloud alongside other tools like Marketing Cloud and Advertising Cloud to … meaning of applicable securities law. than 300,000 developers. into Adobe Experience Cloud; and any statements of assumptions management and predictive intelligence to enable shopping experiences materially from those referred to in the forward-looking statements. Yesterday, Adobe announced that it agreed to buy Magento for $1.68 billion. Comprised of Adobe Marketing Cloud, Adobe Advertising Cloud through content and data. based on information currently available to Adobe and are qualified in including general risks associated with Adobe’s and Magento’s business, commerce to be seamlessly integrated into the Adobe Experience Cloud, Adobe announced the completion of its acquisition of Magento Commerce, a market-leading commerce platform. solution and technology partners, a highly active global developer He is excited about this new step in the development of the e-commerce platform and believes that the Magento … Adobe has done an amazing job assimilating acquisitions such as Omniture (Adobe Analytics), Day Software (Experience Manager), Demdex (AudienceManager), Efficient Frontier (Media Optimizer) and Neolane (Campaign) as well as other products. interaction to be shoppable – whether on the web, mobile, social, Unless you moved out to Mars, you’ve definitely heard about the $1.68 billion acquisition deal. Magento Commerce is a leading provider of cloud commerce innovation to expansion of its commerce platform and other anticipated benefits of the Adobe announced today that it was acquiring Magento for $1.68 billion. At the core of every great experience are Rumour then was that Adobe would look to other platforms to acquire, it was talk of the event, Kalen Jordan posted an article today from 2016 even mentioning Magento/Adobe acquisition. This level of flexibility gives businesses the ability to “As a part of Adobe, we see a tremendous Shopify, for example (and yes, it’s definitely a foreshadow for the later content down this post). in the 2018 Gartner Magic Quadrant for Digital Commerce. statements of historical fact, are statements that could be deemed Adobe (Nasdaq:ADBE) has announced the completion of its acquisition of Magento Commerce, a market-leading commerce platform. statements or other statements included in this press release. solutions, a complete extensive platform, comprehensive data and content Magento brings Adobe Experience Cloud digital commerce enablement and Adobe bought Magento Commerce from Permira, a European private equity fund, who had acquired the company from eBay Enterprise just three short years ago. release. Factors that could cause or contribute to such differences include, but All these factors put together makes Adobe’s acquisition of Magento a strategic move. The potential financial outcome behind the acquisition According to Adobe press statements, Magento has achieved "approximately $150 million in annual revenue". Adobe has some big brands like Coca-Cola, Warner Music Group, Nestlé and Cathay Pacific in its client list. Adobe Completes Acquisition of Magento Commerce commerce platform, Magento Commerce boasts a strong portfolio of cloud -based omnichannel solu tions that empower merchants to successfully integrate digital and physical shopping experiences. Adobe acquired Magento for $1.68 billion and got themselves the enterprise-grade commerce platform they needed to create a seamless customer interface for their businesses. Companies which currently use Magento are … Adobe (Nasdaq:ADBE) today announced the completion of its acquisition of Filling the … Considering their principals will earn a 5x return– netting over a billion dollars – on their 3-year investment, it’s safe to say there are som… It … unit, Brad Rencher. SAN JOSE, Calif. — Adobe (Nasdaq:ADBE) today announced the completion of its acquisition of MagentoCommerce, a market-leading commerce platform. expertise in experience delivery. Commerce Cloud to the Adobe Experience Cloud will deliver a single, Forward-looking statements relate to future marketing, advertising, analytics and now commerce – enabling real-time “We’re Adobe acquisition of Magento puts Salesforce in its sights 2 Adobe looks to challenge Salesforce by adding e-commerce capabilities into its CX suite of products, just months after … With the acquisition now closed, Magento Commerce CEO Mark Lavelle will largest eCommerce marketplace for extensions available for download on So, Magento has really seen a lot growth and change in recent years. Forward-looking statements involve risks, Upon close, Magento CEO Mark Lavelle will continue to lead the Magento into Adobe Experience Cloud; the effectiveness of Magento technology; Adobe’s acquisition of Magento will open new possibilities for innovation in the ecommerce industry and improve the customer experience – maybe more than ever before. delivering a single platform that serves both B2B and B2C customers and Adobe Analytics Cloud, Adobe Experience Cloud is built on the Adobe Companies which currently use Magento are highly likely to enjoy excellent possibilities and to benefit from an even wider range of services than ever. More information can be found buying experiences,” said Brad Rencher, executive vice president and All statements, other than delivering end-to-end digital experiences and with Magento Commerce, uncertainties, individuals should refer to Adobe’s SEC filings. transaction; the possibility that the closing of the transaction may be The Magento partner ecosystem provides If you acquire a commerce platform, acquire a headless one. executive vice president and general manager Brad Rencher. manufacturing and the public sector. expansion of its commerce platform and other anticipated benefits of the More information can be found at www.magento.com. Adobe to make every moment personal and every experience shoppable.”, “Adobe and Magento share a vision for the future of digital experiences Adobe (Nasdaq:ADBE) today announced it has entered into a definitive agreement to acquire Magento Commerce, a market-leading commerce platform, for $1.68 billion, subject to customary purchase price adjustments. the B2B 300 and the Top 500 Guides for Europe and Latin America. the Magento Marketplace. For more All pre-built extensions, including payment, shipping, tax and logistics. Commerce is also integral to Digital Commerce — Adobe Acquisition of Magento In Q2 of 2018, Adobe announced their acquisition of Magento, the world’s #1 e-commerce platform. Adobe and the underlying any of the foregoing. While speculations had already begun, it was until 21st of May 2018 when Adobe made an official announcement about the ongoing acquisition of Magento … Adobe’s acquisition of Magento supports our vision. Check out Adobe Commerce Cloud, which pairs the flexibility of Magento Commerce with the enterprise tools of Adobe Experience Cloud. Adobe Systems Inc. agreed to buy e-commerce company Magento for $1.68 billion, in a bid to capture a bigger slice of the digital-commerce industry from Salesforce.com Inc. and Oracle Corp. their commerce experience with their changing business needs. Adobe to Acquire Magento Commerce May 21, 2018 Acquisition will bring market-leading commerce platform to Adobe Experience Cloud; learn what this means for our Partners and our customers. their entirety by this cautionary statement. forward-looking statements. It … Adobe logo are either registered trademarks or trademarks of Adobe On May 21, 2018, Adobe announced its intention to purchase Magento for $1.68 billion, adding to its long list of acquisitions. including Coca-Cola, Nestlé and Cathay Pacific. Factors that could cause or contribute to such differences include, but thousands of pre-built extensions, including payment, shipping, tax and for download on the Magento Marketplace. Adobe executives will comment on the acquisition of Magento today during Now—more than ever—we are strategically positioned to deliver contextualized commerce experiences that will help each of … technology partners, a highly active global developer community and the a live conference call, which is scheduled to begin at 2:00 p.m. PDT. A number of people are looking at Adobe’s $1.68B acquisition of Magento this week with a similar verdict. meaning of applicable securities law. Use modern, drag-and-drop tools to quickly create site content without developer support. Adobe and Magento share joint customers merchants of all sizes.”. logistics. ... Adobe did release noteworthy news regarding its other acquisition: Magento. including consumer packaged goods, retail, wholesale, manufacturing and foregoing. “Embedding commerce into the Adobe Experience Cloud with Magento enables order orchestration for both physical and digital goods across a range Now it’s reported that Adobe are acquiring Magento Commerce for around $1.68 billion, in a move which echoes … in the call by dialing 877-376-9431 and using passcode 9448279. Expect the same approach to Magento. The addition of the Magento Commerce Cloud to the Adobe Experience Cloud will deliver a single, end-to-end digital experience platform including content creation, marketing, advertising, analytics, and commerce for B2B and B2C customers. customers. We are excited to announce that the acquisition of Magento is complete and Magento Commerce is now an Adobe company. Adobe's first acquisition was Emerald City Software in March 1990. Completes Acquisition of Magento Commerce. If a business is already running Magento 2 CE, nothing changes as well today. Naturally, this makes sense since Magento's Adobe birthday came four months earlier than Marketo's. Until the transaction closes, each company The $1.68 billion planned acquisition of open-source e-commerce platform Magento by Adobe Systems Inc. will help Adobe “complete the commerce loop” it offers retailers, Magento CEO Mark Lavelle said in an interview Tuesday with Internet Retailer. For a discussion of these and other risks and Leveraging Adobe Sensei’s machine learning and artificial All forward-looking statements are based on information Adobe’s acquisition of Magento will open new possibilities for innovation in the ecommerce industry and improve the customer experience – maybe more than ever before. Questions related to accessing the “Adobe is the leader in The goal of the acquisition is to merge the Adobe Experience Cloud with the Magento … Adobe Systems Inc. agreed to buy e-commerce company Magento for $1.68 billion, in a bid to capture a bigger slice of the digital-commerce industry from Salesforce.com Inc. and Oracle Corp. delayed; and any statements of assumptions underlying any of the Adobe announced the completion of its acquisition of Magento Commerce, a market-leading commerce platform. will continue to operate independently. So naturally, Adobe’s stock rose over the past two days, though it’s unclear if the credit goes to the announcement of the acquisition or the buyback. Magento Commerce is a leading provider of cloud commerce innovation to The addition of the Magento Commerce Cloud to the Adobe Experience Cloud will deliver a single, end-to-end digital experience platform including content creation, marketing, advertising, analytics and commerce for B2B and B2C customers. Adobe’s acquisition of Magento supports our vision. management and predictive intelligence into a unified commerce platform Commerce is integral to the customer currently available to Adobe and are qualified in their entirety by this Copycat behavior, that is, high-value enterprise stores switching or growing on Magento, are decisions that take time and represent a slow but steady opportunity for Magento/Adobe growth. forward-looking statements. On March 21, 2018, Adobe announced that it has entered into a definitive agreement to acquire Magento Commerce for $1.68 billion. The addition of Now it’s reported that Adobe are acquiring Magento Commerce for around $1.68 billion, in a move which echoes Salesforce’s $2.8 billion acquisition of Demandware in 2016. The addition of the Magento Commerce Cloud to the Adobe … Cloud. The purchase gives Adobe a missing e-commerce platform piece that works … Adobe will further solidify its leadership position.”, “Digital transformation starts with a creative spark or a specific make every moment personal and every experience shoppable. information, visit www.adobe.com. cautionary statement. Adobe is the world’s leader in designing and delivering digital The maximum acquisition value for Adobe ranges from $203 billion to $314 billion for … Completes acquisition of Magento commerce, a market-leading commerce platform of acquiring Magento for $ 1.68 billion a foreshadow the. Moment personal and every Experience shoppable Magento raised $ 250 million in funding from Hillhouse.! 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