SAN JOSE — Apigee has agreed to be bought by Google for $17.40 per share in cash or a total value of approximately $625 million. The companies expect the transaction to close by the end of 2016
Apigee is the leading provider of API (Application Program Interface) technology and services for enterprises and developers. Hundreds of companies including Walgreens, AT&T, Bechtel, Burberry, First Data, Gamesys, Swisscom, Morningstar, and Live Nation, as well as tens of thousands of developers, use Apigee to simplify the delivery, management and analysis of APIs and apps.
“We’re excited about adding Apigee to Google,” said Diane Greene, SVP of Google’s cloud businesses. “Companies are moving beyond the traditional ways of communicating like phone calls and visits and instead are communicating programmatically through APIs. 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 said: “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.”
Kapoor continued, “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.”
Apigee has 394 employees and was founded in 2004.