Does API mean something different now?
If you can explain what 'an API management platform' is, you too can be worth $700m
Cloud software company Apigee has filed IPO documents and plans to raise $86m on a total valuation of $700m. The San Jose-based company touts "an API management and predictive analytics platform," whatever that is, and boasts clients including eBay, Adobe, AT&T, Citrix and the BBC. Competitors include giants IBM and Oracle. …
COMMENTS
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Sunday 22nd March 2015 14:02 GMT Lyndon Hills 1
MS have this?
This sounds a great deal like something Microsoft have - called API management, in Azure.
Lets say you're the BBC. You have lots of data with a set of services to return query results. You want to sell this, with maybe different rates for the number of queries per month, more detailed results = more money etc. You could build your own tool to manage this stuff (with the analytics) or you go to Apigee.
The valuation is presumably based on speculation that this will become a big money spinner and Apigee will get a slice.
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Sunday 22nd March 2015 22:10 GMT ecofeco
API's
Definition - API, an abbreviation of application program interface, is a set of routines, protocols, and tools for building software applications. The API specifies how software components should interact and are used when programming graphical user interface (GUI) components.
So they've just added another, what, layer? How... convenient.
/sarcasm
I say we all go back to Assembly!! Separate the talent from the poseurs!
/RANT