Google is buying software development toolmaker Apigee for $625 million, to improve its cloud-based businesses offerings.
Alphabet’s Google has agreed to pay a 6.5 percent premium to Apigee’s shareholders and the deal will be completed by the end of the year.
For those who came in late, Apigee sells a platform that aids companies manage APIs to help developers build software that talks to each other and shares information without revealing the underlying code. APIs have become an integral part of cloud software development, allowing one application to pull data and use services from multiple other programmes.
Diane Greene, senior vice president of Google’s cloud business wrote in her bog: “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 has customers which include Walgreens Boots Alliance, AT&T, Live Nation Entertainment Inc. and Burberry Group. Green said that Walgreens uses Apigee to offer APIs and analyse how the tools are being used.
Google has been improving enterprise-focused products, having lagged behind Amazon. and Microsoft in flogging public cloud computing software.
The Apigee acquisition will also help support Google’s own set of APIs, which include ones that allow developers to pull information from YouTube as well as the Translate and Maps software to imbed in their own apps.
