On January 4th, 2017th, Magento Commerce shared news that Hillhouse Capital will invest a notable $250 million into the world’s leading digital commerce platform to drive Magento’s global growth of marketing, sales, customer support, product development and acquisitions.
Hillhouse Capital is a top investor well-known for longstanding investments in businesses in China and the rest of the world; the company is now partnering with the Magento management team and Permira funds, who will continue to maintain a majority stake in the business, in supporting Magento’s future plans.
Magento Commerce split from eBay in November 2015 with investment from the Permira funds, and has since accumulated an exceptional management team and has altered its focus with its innovative new product offers, like the Magento Commerce Cloud, a hosting platform built on AWS, the most popular cloud environment in the world, that enhances the performance, safety, and flexibility of Magento Enterprise Edition. The Magento Commerce Order Management harmonises the user experience across different channels and collects data from each touchpoint, thereby optimising all operations, while the freshly acquired Magento Analytics allows merchants to easily attract, convert and keep more customers with state-of-the-art analytics. Magento Commerce was also highlighted as the number one digital commerce platform on the 2016 Internet Retailer Top 1000 for the fourth year in a row.
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