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Adobe buys commerce platform Magento for USD 1.68 bln

2018-05-22 08:41:00| Telecompaper Headlines

(Telecompaper) Adobe has agreed to buy commerce platform Magento for USD 1.68 billion, so that it can integrate commerce into its Adobe Experience Cloud, delivering a single platform for both B2B and B2C customers. Adobe said consumers and businesses now expect every interaction to be "shoppable," whether it be on the web, mobile, social, in-product or in-store. The Magento Platform will bring together digital commerce, order management and predictive intelligence into one unified commerce platform so that Adobe can enable shopping experiences across a wide array of industries, such as consumer packaged goods, retail, wholesale, manufacturing and the public sector. Adobe will be acquiring Magento from Permira Funds, with a stake also coming from Hillhouse Capital.

Tags: commerce usd platform adobe

Sony buys controlling stake in EMI record label

2018-05-22 04:47:30| BBC News | Business | UK Edition

If approved, the $2.3bn deal will see Sony indirectly own about 90% of the record label.

Tags: record sony label controlling

Crawford Packaging buys Celplast Packaging Systems and BVM USA

2018-05-21 18:20:40| Canadian Plastics Headlines

The double acquisition will help London, Ont.-based Crawford expand its range of Shrink It Right packaging products for the North American market. The post Crawford Packaging buys Celplast Packaging Systems and BVM USA appeared first on Canadian Plastics.

Tags: usa systems packaging buys