Mobile commerce acquisition made by Shopgate

Mobile commerce industry partnership

The company has made its first purchase of another company, Magento Integration. Shopgate, the mobile commerce platform based in Palo Alto and in Germany, has now made its very first acquisition in the form of the purchase of the developer of Magento, MagCorp, which is backed by both Northcap and Creathor Ventures. Many are deeming this more as an aqui-hire than a complete acquisition of another company. When this acquisition is complete, it will have the four developers behind MagCorp becoming a part of the existing team of 132 people…

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