Magento (now Adobe Commerce) is an ecommerce platform designed for brands and retailers of all sizes. Originally founded in 2008, it boasts over 200,000 websites globally and is offered 3 ways: Open Source (meaning free but the user needs to install, configure, and host), On Premises (meaning users pay for Magento but need to host it on their own servers), or as a Hosted SaaS solution (aka Magneto Commerce Cloud).