The Permira Funds’ Investment in Leading Worldwide Commerce Platform to Fuel Global Expansion and Product Innovation
CAMPBELL, Calif. — (Nov. 2, 2015) — Magento Commerce, the leading provider of open omnichannel innovation, announced today that it has launched as an independent company, backed by the Permira funds. The launch marks the close of the acquisition of Magento Commerce Technologies by companies owned by the Permira funds from eBay, Inc. Mark Lavelle, formerly senior vice president at eBay Enterprise, will lead the company as its new CEO.
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