Google To Acquire Apigee For Approx. $625 Mln - Quick Facts

(RTTNews) - Apigee (APIC), the API company, announced it has entered into a definitive agreement under which Google will acquire Apigee for $17.40 per share in cash, for a total value of approximately $625 million.

Apigee provides a leading API platform. Many of the world's largest organizations select Apigee to enable their digital business. Apigee customers include Walgreens, Burberry, Morningstar, and First Data.

Diane Greene, SVP of Google's cloud businesses, said: "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."