In May 2018, Adobe announced its acquisition of Magento. Soon thereafter, it was announced that support for Magento 1 will be discontinued. As you’ve probably heard by now, the date that support will end has been set for June 2020.
What’s it all mean?
For all Magento open source 1 sites, software security patches will be supported through next June. For Magento Commerce 1 sites, software support will remain active through this time frame as well. This means your current M1 site will be secure and compliant, but only until June 2020. In addition to the overall impending transition to Magento 2, Magento’s Community Management team released this reminder:
“Magento software support and/or security maintenance apply only to Magento software and does not apply to third party extensions or customizations. Maintenance of extensions, customization or other modifications to the Magento codebase, including compliance with security and privacy standards (PCI, SOC, ISO, etc.), are the express responsibility of the merchant.”
What does this mean for you and your eCommerce business? Well, in short, you’ll need to migrate your site over to Magento 2. And now we can confidently advise: you’ll want to do this sooner, rather than later.
Once the discontinuation date passes – your Magento 1 eCommerce store will no longer be secure. If any bugs pop up, they cannot easily be fixed. If your store has not been migrated to Magento 2, published as a live site, and QA’ed for any issues, you stand the chance of losing functionality on your platform, thus losing revenue.
There are currently more than a quarter of a million merchants using Magento Commerce worldwide. Now, it’s very difficult to find an exact number for how many of those are still using Magento 1…but given the law of averages, you can safely assume that in the next 12 or so months, there will be thousands upon thousands of companies that need to complete this migration.
What to consider next:
If you simply want to migrate your site. No new functionality, just a straight forward transfer of your Magento core (products, orders, customers, coupon codes, navigation structure) – you’re looking at a fairly simple 10-15 hour web development project. If you have additional custom data to transfer, or an exorbitant number of products, this is where we start to get into time variables. A larger scale project would require a custom quote to determine effort required. When you start talking about extensions and customizations, the project can easily and quickly become more in depth. Of course in these cases resources required will vary quite a bit.
One more thing to think about; when you and 20 other companies inevitably contact the same web development agency at the same time to complete this migration, it’s wise to also factor in time for “waiting your turn,” so to speak.
Additionally, if you’re considering a site redesign, this would be a great time to “kill two birds with one stone.” The implementation of Magento 2 coincides well with revamping your website. You’ll only need to have development done once instead of twice. Custom development in Magento 2, anecdotally, takes about 80% of the time as custom development for Magento 1. Keep in mind, projects of this scale can take anywhere from roughly 3-8 months to execute depending on the size of your site.
Overwhelmed? Not sure? Need help?
Put simply, time is of the essence. If you have yet to identify a team to help execute your migration to Magento 2, we can help. Click here to provide us with your contact info and someone from our team will be in touch soon.