While many companies have already upgraded to Magento 2 or moved on to alternative ecommerce platforms like Shopify, many smaller companies or larger companies with more custom developments have stuck with Magento 1 through the end of life.
OpenMage is aiming to take over where Adobe left off with Magento. It is designed to allow store owners to easily switch from Magento to OpenMage. Unlike the switch from Magento 1 to Magento 2 it won’t involve sort of rebuild. OpenMage are aiming to continue supporting and releasing security updates for Magento 1. This includes security patches, tending to bugs, and providing general improvements to the platform.
Also available is Mage One another provider offering a paid-for subscription service ranging between €29-€299/mth depending on annual shop revenue.
Both OpenMage and Mage One are competing to offer continued
support to Magento stores that haven’t or can’t be upgraded to Magento 2.
They offer help in maintaining a high level of security after Adobe Magento
stopped releasing updates in June 2020.
The unknown at this stage is how long extensions, payment providers in particular, will continue to maintain their Magento 1 modules and even if these will continue to work as and when updates to the underlying platforms are updated. Even if core Magento is up-to-date with the latest OpenMage or Mage One a broken payment method may force the hand of store owners to switch to something else.
If you are currently on Magento 1 with no plans to continue on to Magento 2 then you should consider moving onto either OpenMage or Mage One. While you consider the bigger question of what to do with your ecommerce store.