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Mobile Commerce Provider Shopgate Acquires Magento Developer MagCorp

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Mobile commerce provider Shopgate announced on Monday that it has acquired Magento developer MagCorp, according to a report by TechCrunch. The amount of the acquisition has not been disclosed.

The deal will see MagCorp’s four developers join Shopgate’s team in Butzback, Germany. Its developers have extensive experience in building Magento-based ecommerce sites, so this acquisition could be considered more of an acqui-hire.

Shopgate helps merchants build a mobile storefront and integrates with ecommerce and shopping cart APIs including Magento. Shopgate will use this deal to extend its Magento integration and focus on its Magento Enterprise offering.

Shopgate has over 5,200 shops using its platform, and more than 4,200 shopping apps have been created as of November 2013, according to TechCrunch.

So far, Shopgate has raised $9.4 million in total funding.

Several companies have bolstered their Magento offerings recently. Last week, Tenzing Managed IT launched a Magento optimized hosting service. Also this year, Magento hosting specialist ProperHost its affiliate commission payouts. 

About the Author

Nicole Henderson is the Editor in Chief of the WHIR, where she covers daily news and features online. She has a bachelor of journalism from Ryerson University in Toronto. You can find her on Twitter @NicoleHenderson.

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