& cplSiteName &

Apigee Banks $60M for APIs, Analytics

Sarah Thomas
4/30/2014
50%
50%

API-turned-analytics company Apigee has taken in another $60 million in funding, bringing its total raised to $171 million since it came on the scene in 2004.

The funding comes shortly after Apigee Corp. acquired InsightsOne, to add predictive analytics to its application programming interface (API) arsenal, and then launched a new analytics offer, Apigee Insights, based on the acquisition. (See Apigee Nabs $60M in Funding, Apigee Puts InsightsOne Acquisition to Work, and Apigee Acquisition Brings Analytics to APIs.)

Pine River Capital Management and Wellington Management Company led the $60 million funding round, which Apigee says it will use to "accelerate across all areas of its business to keep up with demand for APIs and big data analytics, as enterprises increasingly embrace these technologies for digital business."

Its focus has been on the enterprise market lately, but Apigee is also a big player in telecom. Waqar Hasan, Apigee senior vice president of big data, told Light Reading earlier this month that the company is focused on helping operators pull together traditional customer information with machine data for a more complete view of the customer, which then enables predictive analytics.

"We can predict who is likely to churn for a telecom provider, then say, 'what is the offer they should give to them to retain them?' Those are the benefits of deeper bits of information," he said. "That is really the promise of big data that we're bringing to the table."

Apigee is one of the largest independent players left in the API space and is likely eyeing an IPO as its two main investors, Pine and Wellington, tend to invest in companies on the brink of going public, according to the Wall Street Journal. Competitors Mashery and Layer 7 were both acquired last year by Intel and CA Technologies, respectively. (See Intel Adds to Its SDN Arsenal, CA Technologies Completes Layer 7 Acquisition, and AlcaLu Sells Off Its API Repository.)

— Sarah Reedy, Senior Editor, Light Reading

(1)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Sarah Thomas
50%
50%
Sarah Thomas,
User Rank: Blogger
5/1/2014 | 1:08:41 PM
IPO ahead
Apigee is the biggest standalone API company left. The space has seen a lot of changes and consolidation in the industry starting with the operators taking a WAC at it, then selling to Apigee, and its two main competitors both being acquired. I bet we'll see an IPO sooner rather than later.
Featured Video
From The Founder
John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
Flash Poll
Upcoming Live Events
June 26, 2018, Nice, France
September 12, 2018, Los Angeles, CA
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 17, 2018, Chicago, Illinois
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
NFV Is Down but Not Out
Iain Morris, News Editor, 5/22/2018
What VeloCloud Cost VMware
Phil Harvey, US News Editor, 5/21/2018
Trump Denies ZTE Deal, Faces Senate Backlash
Dan Jones, Mobile Editor, 5/22/2018
5G in the USA: A Post-BCE Update
Dan Jones, Mobile Editor, 5/23/2018
Here Comes DOCSIS 4.0
Alan Breznick, Cable/Video Practice Leader, Light Reading, 5/22/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed