Magento is an open-source e-commerce platform. Magento was Officially started development in early 2007 and it was released on August 31, 2007.
Magento is the provider of 3 distinct platforms, Magento Community Edition, Magento Enterprise Edition and Magento Enterprise Cloud Edition
Magento Community is a more developer-focused edition. Businesses that need a high level of flexibility and heavy customisation will find this edition more to their liking.
Magento Enterprise mainly focuses on large businesses that need customisation, flexibility and strong support. With this edition, you can take advantage of detailed analytics and reports that help you understand customer behaviour.
Magento Go is suited for small businesses that do not want to self-host and need a simple, quick eCommerce store setup and maintenance.
On November 17, 2015, Magento 2.0 was released. Magento 2 is a new release of this eCommerce platform. It has many new and improved features, and its architecture is quite different from all the previous versions. Magento 2 was announced in 2010. It was planned for release in 2011, and its merchant beta version was released in July 2015.