Magento

Magento is an open-source e-commerce platform written in PHP. It uses multiple other PHP frameworks such as Laminas (formerly known as Zend Framework) and Symfony. Magento source code is distributed under Open Software License (OSL) v3.0. Magento was acquired by Adobe Inc in May 2018 for $1.68 billion.The software was originally developed by Varien Inc., a US private company headquartered in Culver City, California, with assistance from volunteers and open source software contributors.
More than 150,000 online stores have been created on the platform. The platform code has been downloaded more than 2.5 million times, and $155 billion worth of goods were sold through Magento-based systems in 2019. As of April 2021, Magento holds a 2.32% market share in global e-commerce platforms.Varien published the first general-availability release of the software on March 31, 2008. Roy Rubin, the former CEO of Varien, later sold a share of the company to eBay, which eventually completely acquired and then sold the company to Permira; Permira later sold it to Adobe.On November 17, 2015, Magento 2.0 was released. Among the features changed in V2 were:

significant performance and security improvements, especially when paired with PHP version 7+
integrated server-side Apache Varnish caching with minimal tuning
reduced database table locking issues
enterprise-grade database scalability
rich snippets for structured data
new file structure with easier customization
CSS pre-processing using LESS & CSS URL resolver
modular code base structure, offering fine-grain customization
improved coding patterns
built-in client-side JavaScript minimization and optimization
improved static content browser cachingMagento employs the MySQL or MariaDB relational database management system, the PHP programming language, and elements of the Zend Framework. It applies the conventions of object-oriented programming and model–view–controller architecture. Magento also uses the entity–attribute–value model to store data and as of version 2.4 it requires Elasticsearch for its catalog search capability. On top of that, Magento 2 introduced the Model-View-ViewModel pattern to its front-end code using the JavaScript library Knockout.js.