Google pays $625M for API management provider Apigee
For the first time since absorbing Motorola Mobility Inc. in 2011, Google is acquiring a publicly-traded company. The search giant today announced that it will buy cloud-based application programming interface (API) management provider Apigee Inc. for $17.40 per share or appropriately $625 million.
The deal buys the Alphabet Inc. subsidiary one of the industry’s most popular services for controlling application access, an area that is receiving more and more attention as companies seek to better engage the developer community. Apigee Edge is used by Ticketmaster to manage its mobile APIs, helps the UK’s BBC regulate online content distribution by partners and boasts hundreds of other notable enterprise customers. The vendor has told customers that they can continue their operations as normal until the buyout’s expected completion later this year, at which point they’ll be moved over to Google along with all of its…
Read the entire article from SiliconAngle here: Google pays $625M for API management provider Apigee