Photo: BloombergNew York: Google is buying software development toolmaker Apigee Corp. for $625 million, the latest move by the search giant to bulk up its cloud-based offerings for businesses. Alphabet Inc.’s Google has agreed to pay $17.40 a share in cash, San Jose, California-based Apigee said in a statement Thursday. APIs have become an integral part of cloud software development, allowing one application to pull data and use services from multiple other programs. Apigee counts among its customers Walgreens Boots Alliance Inc., AT&T Inc., Live Nation Entertainment Inc. and Burberry Group PLC. Walgreens uses Apigee to offer APIs and analyze how the tools are being used.

Source: Mint September 08, 2016 14:10 UTC