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…