Google to acquire Apigee, a cloud software company, for $625 million
FirstpostAlphabet Inc’s Google said on Thursday it is acquiring cloud software company Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud business. The service is critical for businesses transitioning to the cloud, Diane Greene, who runs Google’s cloud computing division, said in an interview. During her tenure, Google has streamlined engineering efforts and appointed new leadership for its cloud efforts, improving traction with clients, Google Chief Executive Officer Sundar Pichai said during the company’s latest earnings call. “There’s some overlap and some areas where we are going to be able to help each other once [the deal> closes.” The Apigee deal comes a day after Google and online storage company Box Inc said they would partner to enable Box’s corporate customers to integrate Google’s suite of word processing, spreadsheets and other productivity tools, known as Google Docs.
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