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Posted by Brian Walker on June 6, 2011
This morning eBay announced it has agreed to acquire Magento, the open source eCommerce platform that will be combined with other solutions to form a unit within eBay called X.Commerce. eBay already had acquired a minority stake in Magento in 2010, but after this latest transaction, it will own all of Magento. The folks down in San Jose have been busy this past year, paying approximately $2.4 billion for GSI -- which came with a controlling stake in Intershop -- as well as a raft of other mobile commerce solutions such as Milo and RedLaser. This announcement today means:
This year has been one of significant mergers, acquisitions, and evolving solution dynamics as the market reacts to the changing set of core commerce technology requirements. We at Forrester will remain focused on advising our clients on the changes and what this means for your current solutions and how the solution market is changing moving forward. For clients of Forrester, I encourage you to use our inquiry process to discuss your unique and specific questions about your situation.