Magento is an open-source e-commerce platform. It uses multiple other PHP frameworks. Magento source code is distributed under Open Software License.
The software was originally developed by Varien Inc. with assistance from volunteers.
More than 100,000 online stores have been created on this platform. The platform code has been downloaded more than 2.5 million times, and $155 billion worth of goods have been sold through Magento-based systems in 2019.