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Google To Buy Software Developer Apigee For $625 Million


Ron Burgundy
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A man holds his smartphone which displays the Google home page, in this picture illustration taken in Bordeaux, Southwestern FranceBy Julia Love and Natalie Grover SAN FRANCISCO (Reuters) - Alphabet Inc's Google said on Thursday it is acquiring software developer 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. Cloud computing is the increasingly popular practice of using remote internet servers to store, manage and process data.




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