Magento Keeps Going from Strength to Strength

According to this SEC filing, Varien has raised $22.5 million in an equity deal to an undisclosed investor. According to TechCrunch, it may very well be Paypal, who has been collaborating with Magento on product development since 2008.

Magento builds momentum by leveraging the power of open source

One example of a rapidly-growing open source eCommerce platform solution is Magento Commerce, which is developed by L.A.-based Varien.

5 Israeli Startups Presented in Under the Radar (See my notes)

I was down in Microsoft’s office in Mountain View again today, attending “The Business of Web Apps: Where the Web Goes to Work” thrown every year by DealMaker Media since 2003. I was part of this year’s selection committee, who chose 32 startups to present their companies in front of a panel of industry experts [...]

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