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Magento Commerce is the new name for Magento Enterprise and Magento Cloud. There are more than 192,000 Magento websites right now. Coca-Cola and Christian Louboutin are among the biggest brands who use Magento. Magento is more than just an e-commerce platform; it's also your ticket to success! It offers advanced marketing features and customer reward programs. The premium version, Magento Commerce, starts at $22,000 a year and costs $1,000 if your business exceeds $1 million.