Google Accelerates its Enterprise Cloud with Apigee Acquisition

Google will acquire Apigee (NASDAQ: APIC) for $17.40 per share in cash, for a total value of approximately $625 million.

Apigee's Edge API platform helps enterprises to build mobile and digital initiatives using APIs, apps and data. Apigee Insights delivers big data predictive analytics. Apigee says that when used together, its APIs and predictive analytics can create an adaptive cycle of continuous improvement – and the faster an enterprise goes through this cycle, the faster it can innovate, adapt and accelerate its digital business.

Last month, the company released its Apigee Commerce APIx platform, a new software accelerator designed to help companies selling products online jump-start their API-powered digital commerce initiatives. The company also provides its Apigee API Exchange for Telecommunications, an interoperability platform that unifies APIs from disparate operators, enabling developers to easily build industry-wide highly engaging apps.

Apigee is based in San Jose, California. As of May 25th, Apigee reported over 300 customers, up 114 compared to a year earlier. For its 2016 third fiscal quarter ended April 30, 2016, Apigee total revenue of $23.5 million, at the high end of its guidance range of $22.5 million to $23.5 million.  Q3 16 total revenue was up 36% compared to $17.3 million in Q3 15.

“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.”

https://cloudplatform.googleblog.com/2016/09/Google-to-acquire-apigee.html
http://www.apigee.com

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Apigee Completes IPO - NASDAQ: APIC

On Friday, Apigee, a start-up based in San Jose, California, completed its initial public offering (IPO) of 5,115,000 shares of its common stock at a price to the public of $17.00 per share. Apigee is now traded on the NASDAQ Global Select Market under the symbol "APIC."

The company's Apigee Edge API platform helps enterprises to build mobile and digital initiatives using APIs, apps and data. Apigee Insights delivers big data predictive analytics. Apigee says that when used together, its APIs and predictive analytics can create an adaptive cycle of continuous improvement – and the faster an enterprise goes through this cycle, the faster it can innovate, adapt and accelerate its digital business.

http://apigee.com/

• In April 2014, Apigee announced $60 million in new venture financing for its API platform for enabling predictive analytics in digital interactions. Pine River Capital Management and Wellington Management Company participated as new investors in this round, along with current Apigee investors Norwest Venture Partners (NVP), Bay Partners, Third Point LLC, SAP Ventures, funds managed by BlackRock, Focus Ventures, and Accenture. This brought Apigee's total funding to $171 as of April 2014. 

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Apigee Files for IPO - APIs + Predictive Analytics

Apigee, a start-up based in San Jose, California, filed papers with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its common stock.

 The company's Apigee Edge API platform helps enterprises to build mobile and digital initiatives using APIs, apps and data. Apigee Insights delivers big data predictive analytics. Apigee says that when used together, its APIs and predictive analytics can create an adaptive cycle of continuous improvement – and the faster an enterprise goes through this cycle, the faster it can innovate, adapt and accelerate its digital business. http://apigee.com/

• In April 2014, Apigee announced $60 million in new venture financing for its API platform for enabling predictive analytics in digital interactions. Pine River Capital Management and Wellington Management Company participated as new investors in this round, along with current Apigee investors Norwest Venture Partners (NVP), Bay Partners, Third Point LLC, SAP Ventures, funds managed by BlackRock, Focus Ventures, and Accenture. This brought Apigee's total funding to $171 as of April 2014. 

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Orange Chooses Apigee to Deliver Telco Data and Services to Partners

Orange has selected Apigee’s digital platform to power the APIs (application programming interfaces) for Orange Partner, its business hub for developers, partners and start-ups programs.

The Orange Partner program exposes a portfolio of APIs that enable developers and partners to build rich mobile and Web applications using Orange core networks and services. Orange already promotes several APIs, including enriched communications with joyn, machine-to-machine, search and personal APIs.

Thierry Souche, SVP Orange Labs Products & Services, said: “We wanted to highlight and provide access to our portfolio of APIs and enhance our ecosystem’s developer journey through a simple self-service solution, and Apigee is the backbone technology that enables this. We selected Apigee for its innovative technology, for its thought leadership in APIs, apps and data, and for its experience with similar initiatives in other large enterprises.”

Apigee noted other telco customers, including AT&T, Globe Telecom, KT, Swisscom, Smart Communications, Telefonica and Vodafone.

http://apigee.com/about/pressrelease/orange-chooses-apigee-deliver-telco-data-and-services-partners

• Earlier this year, Apigee, which is based in San Jose, California, raised $60 million in venture financing for its API platform for enabling predictive analytics in digital interactions. Pine River Capital Management and Wellington Management Company participated as new investors in this round, along with current Apigee investors Norwest Venture Partners (NVP), Bay Partners, Third Point LLC, SAP Ventures, funds managed by BlackRock, Focus Ventures, and Accenture. With this financing, Apigee has raised $171 million to date. 

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Apigee Raises $60 Million for Predictive Analytics

Apigee, a start-up based in San Jose, California, raised $60 million in venture financing for its API platform for enabling predictive analytics in digital interactions.

The company's Apigee Edge API platform helps enterprises to build mobile and digital initiatives using APIs, apps and data. Apigee Insights delivers big data predictive analytics. Apigee says that when used together, its APIs and predictive analytics can create an adaptive cycle of continuous improvement – and the faster an enterprise goes through this cycle, the faster it can innovate, adapt and accelerate its digital business.

Pine River Capital Management and Wellington Management Company participated as new investors in this round, along with current Apigee investors Norwest Venture Partners (NVP), Bay Partners, Third Point LLC, SAP Ventures, funds managed by BlackRock, Focus Ventures, and Accenture. With this financing, Apigee has raised $171 million to date.

Apigee will use the funds to accelerate across all areas of its business to keep up with demand for APIs and big data analytics, as enterprises increasingly embrace these technologies for digital business.

http://apigee.com/

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Apigee Acquires InsightsOne for Big Data Analytics

Apigee has acquired InsightsOne, provides big data predictive intelligence to help businesses understand consumer preferences, for an undisclosed sum.

InsightsOne, which is based in Santa Clara, California, delivers big data predictive intelligence products to marketers and customer service organizations serving the healthcare, financial services, telecommunication, and ecommerce sectors. For example, InsightsOne can predict which healthcare payer members are likely to complain, so that proactive member outreach can be done. For marketing, InsightsOne could trigger a targeted buying offer for a high value customer at the right time, through the right channel. InsightsOne delivers a predictive analytics infrastructure that is consistent with Apigee’s big data offerings, built on top of a massively scalable distributed processing foundation based on open-source Hadoop and an in-memory real-time processor.

Apigee, which is based in San Jose, California, offers an API Platform that enables businesses and developers to deliver APIs and apps.  The company said the InsightsOne acquisition expands its effort to deliver big data and predictive analytics alongside APIs.  InsightsOne will be offered as a stand-alone product today and part of Apigee’s integrated digital business platform for mobile apps, APIs and data analytics by mid-2014.

“Success in today’s mobile-first digital world requires a single vision that spans and connects business and technology,” said Chet Kapoor, Apigee CEO. “In this new world, the business intelligence and context gleaned through the massive amount of big data available about customers, products, developers – every part of a digital business – must be tightly integrated with technology infrastructure to effect real change. InsightsOne dramatically expands Apigee’s big data predictive analytics capabilities, and we welcome the accomplished InsightsOne team to Apigee.”

Waqar Hasan, InsightsOne CEO, will join Apigee’s executive team.  Hasan added, “Predictive is the ‘killer app’ for big data, and Apigee is the only company that delivers predictive analytics with API and app infrastructure in an integrated platform.  InsightsOne is a natural fit for Apigee, expanding its big data analytics to make all customer interactions smarter and more effective. We are thrilled to be joining Apigee as the company helps businesses – including many of the world’s largest companies – transform into leaders in the new digital world.”

https://apigee.com/about/pressrelease/apigee-acquires-insightsone-%E2%80%93-doubling-down-big-data
http://insightsone.com/

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