Magento Is the Fastest Growing eCommerce Platform Provider on the IR Top 500
May 9, 2014
The 2014 IR Top 500 Guide has been released and Magento has overtaken Demandware to join Oracle and IBM as the top three providers to the top 500 internet retailers in the US and Canada. Magento has 34 merchants on the latest edition of the IR Top 500 list, doubling the number of merchants from the 2013 list. Magento clients include marquee brands like COACH and fast-growing brands and retailers like Alex and Ani, Zumiez, and Signature Hardware.
“The doubling of our presence on the IR Top 500 is a great advance and clearly demonstrates the ability of Magento products to scale to support merchants doing hundreds of millions of dollars in online revenue,” says Roy Rubin, Co-Founder and COO of Magento.
Magento products are now the top platforms for midmarket merchants—defined by Internet Retailer as those with $20M-$75M in annual online sales. Magento grew from 13 midmarket merchants on the list in 2013 to 24 in 2014, overtaking Oracle in the top spot in this segment. Together with eBay Enterprise’s Enterprise Commerce Platform, eBay-owned platforms combined have extended their lead as the top provider to midmarket merchants.
With 57 total merchants, the two platforms combined put eBay Enterprise second only to Oracle on the 2014 IR Top 500.
“This advance in our position on the IR Top 500 is more evidence of the power and momentum of our combined commerce solutions and expertise backed by the resources of eBay,” said Mark Lavelle, SVP of Strategy and Product at eBay Enterprise, adding “Beyond this important benchmark, eBay Enterprise is becoming the clear partner of choice—and one who will never compete with you—for a vast and growing number of SMBs, mid-market and enterprise merchants around the globe.”