Adobe Systems will acquire Magento for $1.68 billion, we’ve listed 5 similar website platforms
While global e-commerce sales are on course to grow to 4.8 trillion dollars by 2021, Adobe has announced to acquire Magento for $1.68B. Magento offers a platform to setup an online store and the corresponding backend systems for shipping, marketing, order management and business intelligence.
As you’d expect they’re not the only ones in this fast-growing market.
So what are the other e-commerce platforms that might follow the same path to acquisition as Magento, SEO shop or Hybris (both acquired in 2013)?
Research into similar companies or similar transactions is just a click away from a company’s page in our app. We’ll highlight five of these similar companies:
PrestaShop
E-commerce platform with open source roots like Magento. The company was founded in 2008 in France and is funded by Seventure Ventures and XAgne amongst others.
Tictail
E-commerce platform aimed specifically at indie brands and retailers that want to start an online store. The company was founded in 2012 in Stockholm and is funded by an impressive list of investors including Balderton Capital and Thrive Capital.
Mirakl
E-commerce platform for launching B2B & B2C marketplaces. The company was founded in 2011 in France and raised capital from 83North, Felix Capital and Elaia Partners.
Wix
Website platform to create anything from simple portfolio website to full-fledged e-commerce shops. The company was founded in 2006 in Israel. Before the IPO in 2013 its largest investors were Bessemer Venture Partners, Benchmark and Mangrove Capital Partners.
Jimdo
Website platform aimed at SMB to create professional looking websites at a low cost. The company was founded in 2007 and raised capital from Spectrum Equity.
Do you want to dive deeper into the data?
Do you want to dive deeper into our data to identify promising e-commerce companies? Magento’s similar companies tab is a great place to start.