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Google acquires API management company Apigee to scale its cloud offering

Google has signed a definitive agreement to acquire US-based Apigee, an API management company to enhance its cloud business. A Reuters report pegs the size of the deal at $625 million; Google will pay Apigee’s shareholders $17.40 for each share, added the report. This is Google’s second acquisition in the cloud business space: In July it bought Anvato, a cloud based platform to scale media processing and workflows in the cloud. Apigee offers customized APIs for developers and enable them to build applications around a tailored ecosystem. For example: Pharmaceutical store Walgreens uses Apigee’s API management tools to developed a mobile app that prints photos of prescriptions or medicines specified by customers at stores; the app can also be later used to order refills for the same prescription online. How Apigee will enhance Google’s cloud business This technology will now…

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