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Infographic: Magento History and Evolution

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History of Magento ( creation date, founder/s)

– Started in Los Angeles
– Magento’s Founders, Roy Rubin and Yoav Kutner
– Started development in 2007
– August 31, 2007, the first public beta version was released
– launched on March 31, 2008 under the name Bento
– developed by Varien (now Magento, a division of eBay)
– eBay announced it had made an investment in Magento in 2010, worth a 49% ownership share of the company.

 
Magento Infographic - Magento's History and Evolution

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Magento Evolution ( initial version and then all the new versions released)

– Started as Bento
– Magento, Bento and Mage. Mage, wizard of D&D style role playing games.
– March 31, 2008, first stable release of 1.0 Magento Community Edition
– June 24, 2008, Magento CE released
– December 29, 2008, Magento CE 1.2 released
– January 7th – February 5, 2009, 1st european tour: Netherlands, France, Germany
– March 1, 2009, more popular than osCommerce and ecommerce itself
– March 30, 2009, Magento CE 1.3 released
– April 15, 2009, Magento Enterprise Launched
– October 20 2009, Magento EE 1.6 released
– January 19, 2010 Magento EE 1.7 released
– January 26, 2010 1.5 million downloads
– February 12, 2010, Magento CE 1.4 released
– April 14, 2010 Magento EE 1.8 released
– May 1, 2010 Magento Professional edition released
– May 28, 2010, Magento Mobile Launched
– July 19, 2010, Magento EE 1.9 released
– February 7, 2011, Magento U announced
– February 7, 2011, Magento Go announced
– February 8, 2011, Magento CE 1.5 and EE 1.10 released
– February 8, 2011, iPad and Android added to Magento Mobile
– February 11, 2011, eBay announced as investor
– June 6, 2011, eBay owns 100% of Magento
– August 8, 2011, Magento CE 1.6, PE 1.11, and EE 1.11 released
– September 28, 2011, Magento Developer Certification announced
– October 12, 2011, Free Magento U Courses
– November 30, 2011, Magento 2.0 development starts
– February 1, 2012, 4 Million Downloads
– February 4, 2012, co-founder Yoav Kutner leaves Magento
– April 24, 2012, Magento CE 1.7 and EE 1.12 released
– May 1, 2012, Magento Professional edition canceled
– September 24, 2012, over 150,000 sites using Magento
– October 11th, 2013 Magento EE 1.13 Released
– November 21st, 2013 Magento and eBay Enterprise join together
– December 11th, 2013 Magento CE 1.8 released
– April 8th, 2013 selected rackspace at it platinum level hosting partner
– January 10th, 2014, new retail enterprise solution while maintaining a low total cost
– January 21st, 2014 Magento now supports php 5.4
– February 25th, 2014 german-language site developed

Magento Statistics (percentage of online stores running on Magento)

– RosettaStone, Bazaar, Nike, Zumiez, OfficeMax, FIJI Water, Vizio, Men’s Health
– 150,000 online stores
– 500,000+ downloads in 2008
– 60,000 members by the end of 2008
– 26% of sites were powered by Magento

Acquisition by Ebay (year, date)

– June 6, 2011 eBay owns 100% of Magento
– eBay offered Magento $180 Million

Other Magento Milestones

– In April 2014, W3Techs estimated that Magento was used by 1.0% of all websites
– 115+ employees in Los Angeles and the Ukraine
– The term “Magento” is now Googled more often than “eCommerce”