Google's $625 million acquisition of API management platform Apigee

According to the latest news, Diane Greene, Googleâ€™s vice president of cloud computing for enterprises, announced in his official blog on September 8 that he will acquire the API (Application Programming Interface) management platform Apigee at a cash transaction of US$17.40 per share and a total price of US$625 million. . This purchase price is a premium of 6.5% over Apigee's closing price on Wednesday.

Apigee was founded in 2004 and is headquartered in San Jose, California. It provides API management software. The company conducted an IPO (initial public offering) in April 2015 with a financing amount of US$87 million. Its main business scope includes API platform management, API analysis, developer tools, mobile big data forecasting and analysis, etc. Many American famous enterprises including AT&T and Blackberry are customers of Apigee.

Diane Greene stated in his blog that in the fast-growing digital and mobile markets, APIs are critical to the business's business. Adding Apigee's API solutions to Google Cloud Services will help customers to better conduct external interactive services.

According to industry insiders, in the future, the concepts of "application" and "operating system" will gradually decline, "application" will be blurred by API and big data, and the operating system will also be widely opened in the whole platform of openness and integration. . The future will surely be a more open and converged world. As the main medium for openness and integration, the management of API interfaces will become crucial. According to research firm Forrester, the API management market will reach 660 million U.S. dollars annually by 2020.

For Google, the acquisition of Apigee will not only enhance its technical strength in API management, but also bring a lot of high-quality customer resources for Google.