Meet Magento, the biggest e-commerce company you’ve never heard of and the CEO who navigated its sale.
Magento is the archetype of the company whose products you use but you’ve never heard of: Their open-source platform is used by tens of thousands of e-commerce sites and corporate clients around the world, ranging from the biggest of the big box stores to corporate titans like Nike to small mom-and-pop retail stores. Magento works quietly in the background, making sure that when you order a product, the workflow of finding it in the warehouse and shipping it to you begins. Over $50 billion in gross merchandise sales goes through Magento’s platforms each year, the company says.
