Google to acquire API technology & services provider Apigee

By : |September 9, 2016 0
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Google has announced that it will acquire Apigee, the API technology and services provider for enterprises and developers, to further strengthen its cloud offerings. Founded in 2004 by Raj Singh, Apigee is based out of Palo Alto.

The transaction is expected to close by the end of this year 2016, approximately for $625 million.

Announcing the acquisition in a blog post, Diane Green, Senior VP, Google Cloud Platform said, “The addition of Apigee’s API solutions to Google cloud will accelerate our customers’ move to supporting their businesses with high quality digital interactions. Apigee will make it much easier for the requisite APIs to be implemented and published with excellence.”

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CIOL Google to acquire Apigee

Apigee’s API (Application Programming Interface) management, delivery and analytic apps are currently being used by hundreds of companies including Walgreens, AT&T, Bechtel, Burberry, First Data, Gamesys, Swisscom, as well as tens of thousands of developers.

Expressing his thoughts on the acquisition, Apigee CEO Chet Kapoor said, “Google is the open cloud provider committed to delivering new software for not only hybrid-cloud environments, but also for the multi-cloud world.

He further added, “With their history of innovation in web and mobile technologies, we believe Google is the partner for companies embarking on digital transformation. We look forward to being able to accelerate our mission to connect the world through APIs as part of the Google team.”

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