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.

[11] In February 2011, eBay announced it had made an investment in Magento in 2010, worth a 49% ownership share of the company.

[13] As a result of the breakup of eBay following Carl Icahn's raid, Magento was spun out as an independent company and sold to Permira, a private equity fund, on 3 November 2015.

[8] Magento employs the MySQL or MariaDB relational database management system, the PHP programming language, and elements of the Zend Framework.

Magento also uses the entity–attribute–value model to store data[17] and as of version 2.4 it requires Elasticsearch for its catalog search capability.

The hosted version launched as Magento Enterprise Cloud Edition and later became Adobe Commerce Managed Services.

Adobe Commerce On-Premise is derived from Magento Open Source and designed for large businesses.

It shares the same core files as Magento Open Source but is not freely licensed and has additional proprietary features and functionality.

The latest actively supported version of Magento Commerce is 2.3.4[30] (EE and CE) released on October 8, 2019.

They cover more than 20 different categories including marketing automation, payments, content management, shipping, tax, hosting, and performance.

In 2017, security company DefenseCode reported that Magento CE web stores were susceptible to a remote code execution attack,[35][36] which allowed attackers to perform web skimming, steal stored credit card information of future and previous customers, take control of the database, and in some instances even the complete server - including other Magento instances.

Similar incidences of a Magecart attack and Magento killer have also been faced by e-commerce store owners.

Magento Live events have been held in Australia[40] (Sydney), UK[41] (London), The Netherlands (Amsterdam), Spain (Barcelona), France (Paris) and Germany (München).

The project has been run on all developed markets of Magento like Germany, Austria, Switzerland, France, Sweden, Denmark, Italy, Spain, the Netherlands, Poland, Romania, Russia, India and also Vietnam.

There are four different Magento certifications: three of them aim to prove developers' competency in implementing modules; one (Certified Solution Specialist) targets business users (consultants, analysts, project managers).