Jeremy Dost's SharpBlog » Magento http://www.sharpdotinc.com/jdost Just another Sharpdot weblog Tue, 31 Aug 2010 20:46:41 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Magento strenthened by major investment http://www.sharpdotinc.com/jdost/2010/03/17/magento-strenthened-by-major-investment/ http://www.sharpdotinc.com/jdost/2010/03/17/magento-strenthened-by-major-investment/#comments Wed, 17 Mar 2010 14:08:56 +0000 jdost http://www.sharpdotinc.com/jdost/?p=139 Word came out Monday that Magento has it’s first major investment – $22.5 Million from an unnamed source. The speculation is that it’s from PayPal which would make sense because of a recent tightening of their relationship. Whoever the source is it means a brighter future during this growth period for online commerce and Magento plans to use the capital for mobile commerce and SaaS functionality so they’re hoping to ride that wave too it sounds like.

Here’s a more thorough write up and Magento’s official announcement. I was really impressed to see that the word “Magento” is now searched more than “eCommerce” which is a little mind-blowing by itself and interesting to compare the search trail for the old dog oscommerce. Hmm – maybe that includes a lot of people searching for magento the color?

]]> http://www.sharpdotinc.com/jdost/2010/03/17/magento-strenthened-by-major-investment/feed/ 4