November 06, 2016 at 04:01PM
Why Google spent $625m on a company generating $92m in revenue #Apigee #readingToday

Apigee has an experienced enterprise salesforce who have landed a long list of enterprise customers such as Allstate, AT&T, Burberry, First Data, Kaiser Permanente, Walgreens etc. All told, Apigee has more than 335 customers, it says.

More importantly, Apigee is a big AWS customer. Apigee's cloud service is built on Amazon's Web Service and a number of its customers also host their API apps on AWS as well.

Once Google moves Apigee to Google's cloud, it has a compelling inside sales track to convince 335 more enterprise customers to do the same. And once these customers try Google's cloud for their API's, Google intends to be invited to bid for their other cloud needs.

Google's $625 million acquisition of Apigee...