Tags archives: ecommerce-platform

Adobe Systems Incorporated (Nasdaq: ADBE)Β announced on Monday that it is taking over Magento Commerce, a market leader in e-commerce platform for $1.68 billion. The entire all-cash transaction will get over during the third quarter of Adobe’s 2018 fiscal. Mark Lavelle, CEO of Magento will then continue leading Magento team integrated with Adobe Experience Cloud business. Adding to this, the chief executive also stated that Adobe would buy back shares up to $8 billion by its fiscal year 2021. Adobe shares soared about one percent post...