Google to Acquire API Platform Startup Apigee for $625 million

Google to Acquire API Platform Startup Apigee for $625 million Image Credit: Apigee

Google and Apigee, an API(Application Programming Interface) management platform provider has entered into an agreement under which Google will acquire Apigee for a total value of approximately $625 million. San Jose-based Apigee's software helps companies' digital services interact with apps used by customers that include leading US operator, AT&T.

Diane Greene, Senior Vice President, Google Enterprise Cloud Business, wrote in a blog post, "Today, we’re excited to announce that Google has entered into a definitive agreement to acquire Apigee, a provider of application programming interface (API) management. APIs  the mechanism developers use to interface and integrate with outside apps and services  are vital for how business gets done today in the fast-growing digital and mobile marketplace. They're the hubs through which companies, partners and customers interact, whether it's a small business applying online for a loan or a point of sale system sending your warranty information to the manufacturer."

Diane Greene, SVP of Google’s cloud businesses
APIs allow the company’s backend services to talk to the mobile and web-based apps used by their customers and partners. Instead of the doctor phoning a prescription into the pharmacy, they can use an app that talks to the pharmacy through an API. Apigee easily enables this by providing a comprehensive API platform that supports secure, stable, multi-language, dev, test, publish and analytics capabilities.

Chet Kapoor, Apigee CEO
We've entered a new era of cloud computing, where enterprises are increasingly running business-critical applications in the cloud – and across multiple clouds. Google is the open cloud provider committed to delivering new software for not only hybrid-cloud environments, but also for the multi-cloud world.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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