Magento was developed in 2008 by varying a US private Company and its Headquarter in California., announced it had made an investment in Magento in 2010, worth a 49% ownership share of the company. On June 6, 2011, eBay announced that it would be acquiring the rest of Magento.http://www.magentodevelopment.net/website/
If your online E-commerce store is the core of your business then without any question you can go with Magento E-commerce.
Magento is an E-commerce platform written in PHP. Magento built on open source technology which provides you with a beautiful commerce platform which provides the online merchant with an adaptable shopping system and provides a tool to control over the look, content, and functionality of their store.http://www.magentodevelopment.net/website/