 | |
| Formerly | Sonoa Systems |
|---|---|
| Company type | Subsidiary |
| Nasdaq: APIC | |
| Industry | |
| Founded | July 2004; 21 years ago (2004-07), inSanta Clara, California, U.S. |
| Founder | Raj Singh Ravi Chandra |
| Successor | Google Cloud |
| Headquarters | San Jose, California |
| Revenue |
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| Parent | |
| Website | apigee |
Apigee Corp. was anAPI management andpredictive analytics software provider before its merger intoGoogle Cloud. It was founded in 2004 as Sonoa Systems before being rebranded as Apigee in 2010. Apigee was acquired byGoogle in a deal worth $625 million in 2016.[1]
Sonoa Systems was founded in 2004 inSanta Clara, California, by Raj Singh and Ravi Chandra. In early 2006, Sonoa brought on Chet Kapoor as CEO.[2] Initially the company developed a router-like appliance for XML /SOA governance, but over time branched into application platforms andcloud computing. In 2009, Sonoa released a publicbeta of anAPI management tool called Apigee, providing app developers with a free, cloud-based platform for providing security and analytics for theirAPIs.[3] In 2010, Sonoa 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 ofNetflix andWalgreens. In 2012, Apigee acquired Mobile API company Usergrid[5] and in 2014, it acquiredpredictive analytics company InsightsOne.[6] On April 24, 2015 (2015-04-24), Apigee raised $87 million through anIPO on theNASDAQ.[7]
In 2015, Apigee became a founding member (along withSmartBear andIBM) of theOpenAPI initiative, under the sponsorship of theLinux Foundation.[8]
On September 8, 2016 (2016-09-08),Google announced it would purchase Apigee for $625 million, and the deal was completed in November 2016.[9][1]
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.
Apigee also sells additional functionality to subscribing customers, including the ability to monetize APIs,PCI-DSS compliance, multi-region deployment inAmazon Web Services and traffic isolation.
