Open-source e-commerce software named Magento is written in PHP. Magento was developed by Varien-Inc, a USA isolated business headquartered in Culver City, California. First general availability its release of the software date with March 31, 2008 present by Roy Rubin a former CEO of Varien, a later substantial share the company to the eBay, which is fully assimilated and then turned off the company.
Officially started development in Magento in 2007. After some months, on August 31-2007, the first beta version was released for the public.
An effect of the Put it of eBay next Carl Icahn’s raid, Magento was turned out as a self-governing company Magento by the new vendor Permira private equity fund on 3-Nov-2015.