Google to Buy Cloud Firm Apigee for $625m

Photo Credit:  Niharb

Photo Credit: Niharb

Google announced on Thursday that it will acquire the cloud storage firm as part of plans to expand its reach into cloud technology. San Jose-based Apigee provides software to help corporations transitioning to cloud based storage. According to Google Cloud Computing’s Diane Greene "They are a leader in this application programming interface area.” Google, Amazon, Microsoft, IBM and others are competing for a share of the fast-growing corporate cloud computing business. Apigee supports a client base of high profile businesses, Including AT&T, Burberry Group Plc, Vodafone Group Plc and the World Bank. Google’s takeover of the firm will allow them to close the gap on its competitors.

 

Source: http://www.reuters.com/article/uk-apigee-m...