Google picks up API management platform Apigee for $625 million

Via a blog post earlier today, Google announced that it has entered into an agreement to acquire Apigee, an API management platform. The company went public last year and has worked with clients such as Walgreens, AT&T, Bechtel, Burberry, First Data, and Live Nation. Google will shell out $625 million for the company, slightly higher than Apigee’s market cap yesterday of $498 million…

Today, we’re excited to announce that Google has entered into a definitive agreement to acquire Apigee, a provider of application programming interface (API) management. APIs — the mechanism developers use to interface and integrate with outside apps and services — are vital for how business gets done today in the fast-growing digital and mobile marketplace. They’re the hubs through which companies, partners and customers interact, whether it’s a small business applying online for a loan or a point of sale system sending your warranty information to the manufacturer.

This move allows Apigee’s established skill in the API management space and its strong customer base come under Google’s roof, and it also gives Google a huge customer of Amazon’s Web Services as well. Apigee will be added to Google’s Cloud platform which will allow customers to access, implement, and publish APIs with ease.

“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 will make it much easier for the requisite APIs to be implemented and published with excellence,” said Diane Greene, Google’s cloud business SVP, in the blog post.