PrestaShop Announces $1 Million Developer Integration Fund
Fund established to spur new module development
San Francisco – June 11, 2015 – PrestaShop, an industry leader in open source solutions for ecommerce, today announced that it has established a $1 million Developer Integration Fund that will be dedicated to driving new module development.
PrestaShop’s dynamic marketplace, PrestaShop Addons, currently offers more than 5,000 modules that plug into the PrestaShop ecommerce platform, and most are developed by third-party contributors. In 2015, the company projects that contributors who sell their modules on PrestaShop Addons will generate million in revenue. Through this marketplace, PrestaShop has enabled thousands of developers to profitably create modules that benefit all PrestaShop merchants.
The million Developer Integration Fund will be a separate fund dedicated to promoting innovative module development by awarding developers with up-front funds to launch new, unique and localized addons.
“When we started PrestaShop, there were 750 people in the community and today, we’re rapidly approaching one million people,” said Bruno Leveque, Founder of PrestaShop. “Within the community, we have tens of thousands of trained developers located all over the world. The integration fund will enable this enormous pool of talent to focus their time and development skills on technology gaps in the market. I know what these developers are capable of and I’m extremely confident that we will announce some incredible innovations coming out of this fund.”
"I started with a single Facebook Shop module in the marketplace,” said David Niry, Founder & CEO of Business Tech. “Since then, we’ve grown Business Tech into a highly profitable, fully scalable, automated, fun, and creative business with several employees. Our partnership with PrestaShop and the Addons platform has proven to be the best business decision I have ever made."
In January, the company announced the release of PrestaShop Cloud, a free cloud platform that enables merchants from around the world to set up an online store in just a few clicks. Capitalizing on more than seven years of open source development, PrestaShop Cloud is a fully hosted version of the PrestaShop ecommerce platform and illustrates the company and the community’s commitment to driving innovation that will make ecommerce accessible for all.
“With the launch of PrestaShop Cloud, merchants in all geographies now have access to a powerful open source ecommerce solution,” said Charles Wells, Chief Product Officer of PrestaShop. “We believe the combination of PrestaShop Cloud plus all of the innovative modules and themes in the Addons Marketplace will open up the ecommerce market to a wave of new merchants who were unable to participate before.”
To learn more about the Developer Integration Fun or to apply for funding, please visit: addons.prestashop.com/integration-fund.
PrestaShop was founded in 2007 with a mission to provide world-class ecommerce software through open source innovation. Today 230,000 ecommerce stores run on PrestaShop technology. The company provides software that enables users to have an online store at the lowest cost possible. The PrestaShop open source community includes 800,000 merchants, developers and web agencies from around the world. PrestaShop is the proud 2014 winner of two CMS Critic Awards for Best eCommerce Solution for SMBs, and Best eCommerce Solution for the Enterprise. The company has offices in the US and France, and is funded by Serena Capital, XAnge Private Equity and Seventure Partners.
For more information, please visit www.prestashop.com.