Apigee
 | |
| Nasdaq: APIC | |
| Industry | |
| Predecessor | Sonoa Systems |
| Founded | July 2004 in Santa Clara, California, U.S. |
| Founder | Chet Kapoor |
| Fate | Acquired by Google |
| Headquarters | San Jose, California |
Area served | Worldwide |
| Revenue |
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| Parent | |
Apigee Corp. is a Silicon Valley based company that provides API management and predictive analytics software. It was founded in 2004 as Sonoa Systems. in 2016, Apigee was acquired by Google in a deal worth $625 million.[1]
History
Sonoa Systems was founded in 2004 in Santa Clara, California by Chet Kapoor.[2] Initially the company developed apps, but over time branched into application platforms and cloud computing. In 2009 Sonoa released a public beta of an API management tool called Apigee, providing app developers with a free, Cloud-based platform for providing security and analytics for their APIs.[3] In 2010, Sonoa was rebranded as Apigee, and the API Management platform became the core of the business, with premium features added shortly after.[4]
Apigee quickly expanded its corporate customer base, including the likes of Netflix[5] and Walgreens.[6] In 2012 Apigee acquired Mobile API company Usergrid[7] and in 2014, it acquired Predictive Analytics company InsigtsOne.[8] On April 24, 2015 Apigee raised $87 million through a public IPO on the NASDAQ.[9]
in 2015, Apigee became a founder member (along with Smartbear and IBM) of the OpenAPI initiative,[10] under the sponsorship of the Linux Foundation.
On September 8, 2016 Google announced it would purchase Apigee for $625 million, and the deal was completed in November 2016.[11]
Products
Apigee revenues are generated through subscriptions to its API management platform and through professional services to subscribing customers. Apigee offers free tiers of its products, with premium features reserved for subscribers.
The key products are:
- Apigee Edge - An API Management platform which can be hosted on the Cloud or on the premises of a company. Edge Cloud is sold in tiers: 250, 500 or 1250 - where 250 has an upper limit of 250 million API calls per quarter and 1250 has a limit of 1.25 billion calls per quarter.
- Apigee BaaS - Back-end as a Service platform
Apigee also sells additional functionality to subscribing customers, including the ability to monetise APIs, PCI-DSS compliance, multi-region deployment in Amazon Web Services and traffic isolation.
References
- ^ Miller, Ron. "Google will acquire Apigee for $625 million". TechCrunch.
- ^ "Sonoa Systems – The Gatekeeper To Your Cloud Services - CloudAve". CloudAve. 30 March 2009.
- ^ "Sonoa Systems Launches Apigee for API Analytics, Protection and Control".
- ^ "Sonoa Systems Is Now Apigee; Offers Free, Premium and Enterprise Product Lines for API Providers and Developers | Apigee". apigee.com.
- ^ "What the Netflix Button Means to Your Business Strategy | Apigee". apigee.com.
- ^ "Walgreens: Putting an API Around Their Stores | Apigee". apigee.com.
- ^ Malik, Om (18 January 2012). "Apigee buys Usergrid, shifts focus to mobile". gigaom.com.
- ^ Williams, Alex. "Apigee Acquires InsightsOne To Deepen API Analytics Offerings". TechCrunch.
- ^ Taulli, Tom. "Apigee CEO: Navigating Rough IPO Waters". Forbes.
- ^ "Open API Initiative | Apigee". apigee.com.
- ^ "Apigee has Joined Google | Apigee". apigee.com.