Alphabet’s Google acquiring software developer Apigee
Q. Google is acquiring which software developer in a deal valued at USD 625 million?- Published on 09 Sep 16a. Apigee
b. Apogee
c. Apolgee
d. None of the above
ANSWER: Apigee
Alphabet’s Google is purchasing software developer Apigee in a deal valued at USD 625 million as it strengthens the cloud business.
- San Jose’s Apigee software helps a company’s backend services interact with mobile and web based apps used by customers and partners
- Companies are moving beyond traditional ways of communicating like phone calls and visits and instead are communicating programmatically through API or Application Programming Interface according to Dianne Greene who runs Google’s cloud computing division
- Google will pay Apigee shareholders USD 17.40 for each share held, a 6.5 percent premium to latest closing values of the stock
- Company’s customers include AT&T, Burberry Group Pic, Vodafone Group Pic and World Bank went public in April 2015
- Apigee deal comes after Google and online storage company Box Inc said they would partner to enable corporate customers to integrate Google’s suite of word processing, spreadsheets and other productivity tools known as Google Docs.
- Companies including Google, Amazon com, Microsoft Corp and IBM Corp are competing for a share in the rapidly growing cloud computing business
