Google has announced its plan to acquire the application programming interface or API specialist Apigee for $625 million as a means to introduce new offerings to its corporate clients.
The San Jose-based company Apigee develops software that helps companies’ digital services in interacting with the apps used by both customers and partners. The company went public in April last year. Despite being a new company, Apigee has an impressive customer base including the leaders such as AT&T, Burberry Group Plc, Vodafone Group Plc and the World Bank using its services.
According to Diane Greene, in charge of Google’s cloud computing division, Apigee provides services critical for any company transitioning to the cloud. “They are a leader in this application programming interface area,” she said in an interview.
“Our customer lists are extremely complimentary. There’re some overlap and some areas where we are going to be able to help each other once (the deal) closes,” she added.
The new acquisition will help Google compete against Microsoft Azure and Amazon Web Services in the enterprise cloud market.