Magento
Magento is an open-source ecommerce web application launched on March 31, 2008. It was created by Varien, building on components of the Zend Framework.[1][2]
Magento is available under the Open Software License version 3.0. Since version 1.1.7 some parts are licensed under the Academic Free License version 3.0.[3]
Magento Enterprise Edition, a non-free version of Magento aimed at larger companies, was launched on April 15, 2009. This version provides a service agreement with Varien.[4] Varien is now Magento Inc. with 140+ employees.
History
Varien, the company that owns Magento, formerly worked with osCommerce. They originally planned to discontinue osCommerce but later decided to rewrite it as Magento. Magento officially started development in early 2007[5]. Seven months later, on August 31, 2007, the first public beta version was released. On May 30, 2010, Magento mobile was released; it allows store owners to create native mobile storefront apps.

