SAN JOSE, Calif. –  Apigee® (NASDAQ: APIC), developer of an intelligent API platform for digital business, today announced that it has been selected by Pitney Bowes (NYSE: PBI), a global technology company that provides products and solutions that power commerce, for API management.

Pitney Bowes is a global technology company that enables its clients, including 90 percent of the Fortune 500, more than 200 retailers and 1.5 million small businesses, to succeed in the physical and digital world of commerce. The company is in the midst of a multi-year corporate transformation focused on growing revenue through a broad set of digital businesses in software and ecommerce services, optimizing its own operations globally, and transforming its mailing and shipping business with digital technologies.  Pitney Bowes is leveraging the Apigee Edge API management software to deliver new services, such as location intelligence, shipping, and financial services, for its customers.  Pitney Bowes is also leveraging Apigee’s API management software to enable innovation by both Pitney Bowes and third party developers.

“In our borderless world, the lines between physical and digital commerce are becoming increasingly blurred,” said James Fairweather, Pitney Bowes’ Senior Vice President of Technology. “Pitney Bowes’ goal is to create modern technology solutions with precision and accuracy for this new complex world of commerce, and Apigee’s technology helps make this possible.”

Today, Pitney Bowes solutions include mailing and shipping, customer information management, customer engagement, location intelligence, and global ecommerce. The company is using APIs (application programming interfaces) and Apigee to help securely deliver new data-powered digital solutions to customers, and to enable its internal and external developers to build new products more quickly.

“In today’s accelerated business environment, enterprises need to speed up the pace with which they innovate and adapt to rapidly changing customer and market needs,“ said Chet Kapoor, Apigee CEO. “Digital transformation with APIs is a key part of enabling Pitney Bowes to power billions of transactions across the physical and digital landscape and help shape and refine the world of commerce. We are proud to be part of their digital success.”

Apigee’s flagship Apigee Edge API management software empowers organizations to securely deliver and manage APIs, with agility and at scale. Apigee Edge is part of the Apigee intelligent API platform, which also includes Apigee Insights, an API-based, self-service predictive analytics solution, and Apigee Link, an API-first Internet of Things (IoT) product for connecting devices to the Internet. Most recently, Apigee introduced Apigee Sense, an intelligent API security product.

About Apigee

Apigee® (NASDAQ: APIC) provides an intelligent API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 30 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California. For more information, go to http://apigee.com.

Connect with Apigee

Apigee blog: /about/blog/front

Apigee community: https://community.apigee.com/

Twitter: https://twitter.com/Apigee

LinkedIn: https://www.linkedin.com/company/apigee

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding market adoption of digital technologies, planned customer adoption and implementation of Apigee’s products, potential future customer opportunities and opportunities between Apigee and Pitney Bowes. These forward-looking statements are based on current expectations and are subject to inherent uncertainties, risks and changes in circumstances that are difficult or impossible to predict. Consequently, you should not rely on these forward-looking statements.  Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such uncertainties, risks and changes in circumstances, including without limitation risks and uncertainties related to market adoption of digital technologies, the ability of Apigee’s software to meet its customers’ needs, the quality of Apigee’s software, support and services and related infrastructure capacity and any incorrect implementation or use of Apigee software.

The foregoing list of factors is not exclusive. Additional risks and uncertainties that could affect Apigee’s financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in Apigee’s Quarterly Report on Form 10-Q filed with the SEC on March 4, 2016. Apigee’s SEC filings are available on the Investor Relations section of the Company’s website at http://investors.apigee.com and on the SEC's website at www.sec.gov. Apigee disclaims any obligation to update the forward-looking statements provided to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

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Apigee is a registered trademark in the U.S. Other product or company names mentioned may be trademarks or trade names of their respective companies.

 

Apigee Media Contact:

press@apigee.com

 

 

Banking and Technology Solutions Provider Reinventing the Way it Services Customers Through APIs

 

SAN JOSE, Calif. – Apigee® (NASDAQ: APIC), developer of an intelligent API platform for digital business, today announced that it has been selected by The Bancorp, a provider of private-label banking and technology solutions for non-bank companies, to help provide its customers and affiliates with fast, simple and secure access to their data through APIs (application programming interfaces).

 

Apigee senior vice president of strategy Ed Anuff added, “In today’s digital and interconnected business environment, customers want frictionless and nearly real-time access to their data. APIs are helping make this possible for The Bancorp – empowering them to create better experiences for their partners and affiliates, while helping driving new efficiencies across their internal support teams.”

 

Apigee’s flagship Apigee Edge API management software empowers organizations to securely deliver and manage APIs, with agility and at scale. The Apigee Edge software is part of the Apigee intelligent API platform, which also includes Apigee Insights, an API-based, self-service predictive analytics solution, and Apigee Link, an API-first Internet of Things (IoT) product for connecting devices to the Internet. Most recently, Apigee introduced Apigee Sense, an intelligent API security product.

 

APIs Key to Digital Transformation in Financial Services

 

According to Forrester senior analyst Peter Wannemacher in his Predictions 2016: Financial Services Execs Wake Up To Digital Transformation report: “Financial services providers have been relatively slow to recognize and act on APIs as an opportunity to transform their businesses and, ultimately, better win, serve, and retain customers. This will change in 2016, as digital business executives collaborate with CIOs to champion investment in internal, B2B, and product APIs. APIs won’t only help firms increase agility and provide services to clients and partners: they will enable financial firms to build dynamic ecosystems of value, reconnecting a fragmented value chain.

 

The findings of Apigee’s 2015 Digital Impact Survey[1] revealed that smartphones and apps continue to impact the way today’s banking consumers manage their financial lives. In 2015, adoption of digital technologies gained momentum in banking, with nearly three quarters (73%) of smartphone owners reporting a change in the way they bank. This rise in digital experiences for banking may indicate a larger shift in the center of gravity in financial services.  The survey findings show that:

  • More than half of all of U.S. smartphone users (58%) report that they prefer to bank using their smartphone and apps rather than in person at a bank. Among millennials, nearly three quarters (71%) prefer digital options.
  • Approximately one in four respondents report using their smartphone for paying in-store, making or receiving a direct payment via app, or using a non-bank financial management app or website.
  • Between 2014 and 2015, banking app daily usage increased from 14 percent to 20 percent, while non-ATM bank branch usage fell four points (to 41 percent). This represents 52 percent growth in daily banking app usage, year over year. Among those ages 18-29 more than one in four (27%) now use a banking app daily.

 

Links:

  • To read the press release announcing findings from the 2015 Digital Impact Survey, go here.
  • To see a report with more information and analysis of the 2015 Digital Impact Survey findings: go here.
  • To see the recent webcast, “Eight Ways the Digital Financial Services Market Will Shift in 2016,” with Forrester’s Peter Wannemacher,” go here.

 

About Apigee

Apigee® (NASDAQ: APIC) provides an intelligent API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 30 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California. For more information, go to http://apigee.com.

 

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding market adoption of digital technologies, planned customer adoption and implementation of Apigee’s products, potential future customer opportunities and opportunities between Apigee and The Bancorp. These forward-looking statements are based on current expectations and are subject to inherent uncertainties, risks and changes in circumstances that are difficult or impossible to predict. Consequently, you should not rely on these forward-looking statements. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such uncertainties, risks and changes in circumstances, including without limitation risks and uncertainties related to market adoption of digital technologies, the ability of Apigee’s software to meet its customers’ needs, the quality of Apigee’s software, support and services and related infrastructure capacity and any incorrect implementation or use of Apigee software.

The foregoing list of factors is not exclusive. Additional risks and uncertainties that could affect Apigee’s financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in Apigee’s Quarterly Report on Form 10-Q filed with the SEC on March 4, 2016. Apigee’s SEC filings are available on the Investor Relations section of the Company’s website at http://investors.apigee.com and on the SEC's website at www.sec.gov. Apigee disclaims any obligation to update the forward-looking statements provided to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

 

Connect with Apigee

Apigee blog: /about/blog/front

Apigee community: https://community.apigee.com/

Twitter: https://twitter.com/Apigee

LinkedIn: https://www.linkedin.com/company/apigee

 

###

 

Apigee is a registered trademark in the U.S. Other product or company names mentioned may be trademarks or trade names of their respective companies.

 

Apigee Media Contact:

press@apigee.com

 



[1] The 2015 Digital Impact Survey surveyed 1,000 smartphone owners 18 years of age or older in the United States. Respondent data was modeled on key demographics proportional to known benchmarks for smartphone owners. Respondents were weighted to match the November 2014 omnibus survey by the Pew Research Center, filtered to smartphone owners over 18. Those polled demographically match Pew’s sample in terms of age group distribution, income, education, and regional representation. The Digital Impact Survey is conducted online with respondents sampled from leading industry consumer panels who clear multiple quality checks during the survey process.

 

 

San Jose, Calif. – March 14, 2016 – Apigee® (NASDAQ: APIC), developer of an intelligent API platform for digital business, today announced that Apigee CEO Chet Kapoor and CFO Tim Wan will be presenting at the 28th Annual ROTH Conference in Laguna Niguel, California.  The presentation is scheduled for Tuesday, March 15, 2016 at 10:00 a.m. PDT.

Apigee invites investors and analysts to listen to the live webcast at the investor relations page of Apigee’s company website at http://investors.apigee.com.  A replay of the webcast will be available on the website later in the day.  The webcast may include forward-looking statements.

About Apigee

Apigee® (NASDAQ: APIC) provides an intelligent API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 30 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California and has over 400 employees worldwide.

Investor Relations Contact:

Kevin Faulkner

kfaulkner@apigee.com
1-408-816-1658

Media Contact:
press@apigee.com

 

Netherlands’ travel association using APIs to help enhance personalization of services and drive partner integration

SAN JOSE, CALIF. – March 10, 2016 – Apigee®, developer of an intelligent API platform for digital business, announced that the Royal Dutch Touring Club (ANWB) has selected the Apigee Edge API management platform to help it become a more modern, digital organization.  

Formed in 1883 as the Dutch bicyclists' club, ANWB is a large travel association in The Netherlands, similar to the American Automobile Association (AAA) in the U.S. It has over four million members spanning insurance, medical, leisure, legal and roadside assistance. The organization is leveraging the Apigee API platform as a key enabling technology to deliver digital services to its members and help it engage with the younger generation of Dutch citizens. 

Scheduled to go live in 2016, the Apigee API platform will help enable a more flexible architecture for ANWB’s online and mobile activities; it will support the implementation of a single sign-on (SSO) solution, which should provide more flexibility for members to access the ANWB website. Apigee software will also help ANWB to expose its APIs for future third-party collaboration. The Apigee API management platform will be installed, hosted and maintained by Triple IT, a full service digital agency, on behalf of ANWB.

“Businesses need to constantly reinvent themselves to stay relevant to their customers, especially one that has been going strong for over 130 years,” said Sander Morreau – ICT manager at ANWB. “We recognized that becoming a digital business was vital to our future growth, helping us to attract and engage with the next generation by providing them with the apps and services that they demand.

“By working with Apigee and Triple IT, we’ll be able to digitize our offering and open up our APIs to deliver more personalized services to members, collaborate with third parties and also bring new services to market,” continued Morreau. 

“Today’s consumers expect to engage with brands in a way that fits with their own connected lifestyles; our latest report covering the UK found that 79 percent of UK businesses are seeing a fundamental shift in customer expectations due to digital growth[1],” said Ed Anuff, senior vice president of product strategy at Apigee. “To stay relevant in a rapidly shifting marketplace, businesses like ANWB are building digital platforms with Apigee to help them provide a more personal and convenient service to customers, while also building potential new revenue opportunities for the business.”

“Triple IT creates the strategies and concepts for digital solutions that enables clients to interact with their customers in new and relevant ways,” said Lennart van Wijk, managing director, Triple Cloud Solutions, a division of Triple IT. “Together we are helping transform brands into remarkable experiences, helping our clients develop a competitive advantage. It is our mission to develop leading products in leading businesses and our service has made us a trusted supplier for some of Holland’s leading brands like ANWB.”

About ANWB

The Royal Dutch Touring Club (ANWB) offers a wide range of services related to roadside assistance and medical and repatriation assistance abroad, legal assistance, travel, information products, insurances, selling travel related products and many other products and services in the areas of recreation, tourism and mobility. Furthermore, the ANWB is active in lobbying in the fields of driving, road safety, mobility, travel and recreation. http://www.anwb.nl/

About Triple IT

Triple IT is a Dutch company founded in 1998 by the four current partners and has continually grown since. It creates synergizing opportunities between content, media and technology and provides products and services for Internet and Mobile, with a strong focus on cutting edge product innovations.

www.triple-it.nl

About Apigee

Apigee provides an intelligent API platform for digital business acceleration. Many of the world's largest organizations select Apigee to enable their digital business, including 30 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, eBay, Burberry, Shell, Live Nation, and Morningstar. Apigee is headquartered in San Jose, California and has over 400 employees worldwide.

Connect with Apigee

Apigee blog: /about/blog/front

Apigee community: https://community.apigee.com/

Twitter: https://twitter.com/Apigee

LinkedIn: https://www.linkedin.com/company/apigee

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding market adoption of digital technologies, planned customer adoption and implementation of Apigee’s products, potential future customer opportunities and benefits between Apigee and The Royal Dutch Touring Club (ANWB), as well as the success of the relationship between Apigee and Triple IT and the potential opportunities with joint customers. These forward-looking statements are based on current expectations and are subject to inherent uncertainties, risks and changes in circumstances that are difficult or impossible to predict. Consequently, you should not rely on these forward-looking statements. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such uncertainties, risks and changes in circumstances, including without limitation risks and uncertainties related to market adoption of digital technologies, the ability of Apigee’s software to meet its customers’ needs, the quality of Apigee’s software, support and services and related infrastructure capacity, the continued business success of both Triple IT and Apigee, Apigee’s ability to maintain the Triple IT relationship,  the complementarity of each of Apigee’s and Triple IT’s products or services and the effectiveness of their combined use; and any incorrect implementation or use of Apigee software.

The foregoing list of factors is not exclusive. Additional risks and uncertainties that could affect Apigee’s financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in Apigee’s Quarterly Report on Form 10-Q filed with the SEC on March 4, 2016. Apigee’s SEC filings are available on the Investor Relations section of the Company’s website at http://investors.apigee.com and on the SEC's website at www.sec.gov. Apigee disclaims any obligation to update the forward-looking statements provided to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Apigee is a registered trademark in the U.S.  Other product or company names mentioned may be trademarks or trade names of their respective companies.

Media Contact:

press@apigee.com



[1] According to a 2015 study by Apigee of 252 senior executives and IT decision makers across the UK in four major industries. The study can be found at: https://pages.apigee.com/rs/351-WXY-166/images/Apigee_Institute_Report_UK.pdf.

 

 

Enterprises embracing APIs for their digital transformations; Retail, media and entertainment, and information services industries driving largest API volume

 

SAN JOSE, Calif., - Apigee® (NASDAQ: APIC), developer of an intelligent API platform for digital business, today announced the publication of the 2016 “The State of APIs,” a report on digital business momentum and trends based on an analysis of hundreds of billions of API calls in 2015 through the Apigee Edge cloud product. The findings show that the industries undergoing the most rapid digital transformation as measured by API traffic volume are media and entertainment, retail, and information services, which together account for over 70 percent of all enterprise API traffic on Apigee’s cloud product. In addition, the report’s findings suggest that public or “open” API programs – those that make APIs available to software developers outside their organization through a developer portal – are on the rise, accounting for 67 percent of the API programs overall in 2015, compared to only 57 percent in the previous year.

 

“Demand for better digital experiences has grown from a murmur to a roar. Across the enterprise today, consumers, employees and partners all want to seamlessly connect with services and experiences at any time – wherever they are, and across multiple devices and platforms,” said Apigee CEO Chet Kapoor. “We believe that digital transformation has reached an inflection point – that every industry now understands that APIs are the key to corporate survival in our increasingly digital world. The robust growth of API traffic in the enterprise suggests that this change is beginning.”

 

Apigee provides an industry-leading API management platform used by hundreds of enterprises worldwide, including 30 percent of the companies in the Fortune 100. Apigee’s Software-as-a-Service (SaaS) platform currently processes close to 400 billion calls per year.

 

The findings in Apigee’s 2016 “The State of APIs” report are based on original data and analysis of hundreds of billions of API calls in the Apigee Edge cloud product across its global network of 24 data centers in the year 2015. It examines the impact of APIs on businesses across industries, common use cases driving digital transformation in different industries, and the best practices of API-driven enterprises. The findings present a snapshot of current API trends, along with analysis of technology use and digital transformation in the enterprise.

 

Additional highlights from The State of APIs report include:

 

  • Enterprise digital transformation gaining momentum: API traffic volume increased 2.8X over the previous year in the Apigee cloud.
  • Partner initiatives driving most API growth in enterprises: In 2015, partner/ecosystem initiatives accounted for 56 percent of all APIs, with consumer APIs accounting for 39 percent. Information services and high tech industries are the most focused on building API-powered partner ecosystems.
  • But customer experiences initiatives drove 4X more API traffic: While partner programs led in number of APIs, customer experience initiatives accounted for approximately 80 percent of all API traffic, given the millions of consumers using apps.
  • Businesses are using APIs for enhanced security: Companies are widely adopting security capabilities in their APIs; 78 percent are using Apigee Edge spike arrest functionality and 74 percent are using the OAuth authorization standard; 72 percent are using threat protection capabilities in the API layer.
  • Businesses are moving more business logic into the API tier: 85 percent of enterprises are adding business logic in the API tier to accelerate their digital initiatives without disrupting their back-ends. Fifty-seven percent of enterprises are using the API tier for transformations to tie their disparate backend systems and formats seamlessly.
  • Businesses are enhancing app performance and availability with APIs: Enterprises are using a variety of techniques at the API tier to drive superior end user experience of apps; 74 percent are using caching for app responsiveness and 68 percent use quota management to increase high availability.

 

Apigee’s 2016 “The State of APIs” report can be downloaded here (requires email).

 

Note to editors: to get a copy the full 2016 State of APIs report, please send request to press@apigee.com.

 

Methodology

The State of APIs report compiles information about digital transformation trends, the impact of APIs on businesses across industries, and best practices across API-driven businesses. Unless otherwise noted, findings in this report are based on hundreds of billions of API calls made through the Apigee cloud during 2015 and distributed across Apigee’s global network of 24 data centers from customers spanning 20 vertical industry sectors. Year-over-year comparisons use 2014 traffic data.

 

About Apigee

Apigee® (NASDAQ: APIC) provides an intelligent API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 30 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California and has over 400 employees worldwide.

 

Connect with Apigee

Apigee blog: https://blog.apigee.com/front

Apigee community: https://community.apigee.com

Twitter: https://twitter.com/Apigee

LinkedIn: https://www.linkedin.com/company/apigee

 

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding the market for Apigee’s products and the potential future customer benefits of using them. These forward-looking statements are based on current expectations and are subject to inherent uncertainties, risks and changes in circumstances that are difficult or impossible to predict. Consequently, you should not rely on these forward-looking statements.  Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such uncertainties, risks and changes in circumstances, including without limitation risks and uncertainties related to market adoption of digital technologies, the ability of Apigee’s software to meet its customers’ needs, the quality of Apigee’s software, support and services and related infrastructure capacity and any incorrect implementation or use of Apigee software.

The foregoing list of factors is not exclusive. Additional risks and uncertainties that could affect Apigee’s financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in Apigee’s Quarterly Report on Form 10-Q filed with the SEC on December 8, 2015. Apigee’s SEC filings are available on the Investor Relations section of the Company’s website at http://investors.apigee.com and on the SEC's website at www.sec.gov. Apigee disclaims any obligation to update the forward-looking statements provided to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

 

###

 

Apigee is a registered trademark in the U.S. Other product or company names mentioned may be trademarks or trade names of their respective companies.

 

Apigee Media Contacts:

press@apigee.com

 

 

 

SAN JOSE, Calif., - Apigee® (NASDAQ: APIC), developer of an intelligent API platform for digital business, today announced that Apigee CFO Tim Wan and CTO Anant Jhingran will be presenting at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco, California.  The presentation is scheduled for Thursday, March 3, 2016 at 8:45 a.m. PST.

Apigee invites investors and analysts to listen to the live webcast at the investor relations page of Apigee’s company website at http://investors.apigee.com.  A replay of the webcast will be available on the website later in the day.  The webcast may include forward-looking statements.

About Apigee

Apigee® (NASDAQ:APIC) provides an intelligent API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 30 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California and has over 400 employees worldwide.

Media contact:

press@apigee.com

●      Q2 Revenue and non-GAAP operating loss better than guidance ranges

●      Q2 Product Revenue of $19.7 million a 54% year-over-year increase

●      Q2 Gross Profit of $16.2 million, a 53% year-over-year increase

●      Accelerates guidance for positive operating cash flow, now expected by Q2 Fiscal 2017

                                                                                      

San Jose, Calif. – February 29, 2016 – Apigee® (NASDAQ: APIC), developer of an intelligent API platform for digital business, today announced financial results for the second fiscal quarter ended January 31, 2016.

“We are pleased to deliver Q2 16 revenue above our guidance range,” said Chet Kapoor, Apigee CEO. “Companies across industry sectors are increasingly adopting an API-centric digital platform approach to deliver digital initiatives faster and at a lower cost, and Apigee delivers the scalable, reliable API platform to run them.  During Q2, we performed well in the financial services and insurance vertical, where we added four Fortune 100 companies to our blue chip customer base.  As a result of continued revenue growth and improved operational efficiency, we now believe that we will achieve our goal of becoming cash flow positive by Q2 fiscal 2017, three quarters earlier than our previous guidance.”

 

Second Quarter Fiscal 2016 Highlights:

For Q2 16, Apigee reported total revenue of $22.9 million, above the high end of its guidance range of $21.2 million to $22.2 million.  Q2 16 total revenue was up 35% compared to $17.0 million in Q2 15.  Apigee reported Q2 16 product revenue (defined as license revenue plus subscription and support revenue) of $19.7 million, up 54% from $12.8 million in Q2 15.  Q2 16 gross billings were $25.7 million, up 13% from $22.8 million a year ago.  Q2 16 product gross billings were $20.9 million, up 18% from $17.8 million a year ago.

Apigee reported Q2 16 GAAP gross margin of 70.9%, up from 62.5% in Q2 15, and non-GAAP gross margin of 72.5%, up from 64.1% a year ago.  Apigee reported Q2 16 GAAP operating loss of $8.7 million, compared to $10.8 million a year ago.  Q2 16 non-GAAP operating loss was $6.6 million, compared to $9.6 million in Q2 15.  Q2 16 GAAP net loss per share was $0.31.  Q2 16 non-GAAP net loss per share was $0.24, better than its guidance range of non‑GAAP net loss per share of $0.33 to $0.36.  Q2 16 operating cash flow was ($8.1) million, compared to ($11.9) million a year ago.  Total deferred revenue was $45.4 million at the end of Q2 16, up 37% from $33.2 million at the end of Q2 15.  The balance of cash and cash equivalents at the end of Q2 16 was $74.0 million. 

A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Business Update:

·      Apigee now has more than 260 customers, up more than 90 compared to the end of Q2 15. In Q2 16, we did expansion deals with more than 50 customers.

·      Our Q2 16 simple dollar-based renewal rate exceeded 90% for the third consecutive quarter.

·      In the quarter, Apigee added new customer relationships with four Fortune 100 financial services and insurance companies.

·      New and expansion customers in the quarter included AccuWeather, Allstate, Citrix, Crédit Mutuel Arkea, Infogroup, The Nielsen Company, Orange, Sage Payment Solutions, T‑Mobile, and Verizon Enterprise Solutions.

·      Apigee announced in February that in conjunction with the Amazon Web Services (AWS) Lambda team, we have been developing software to simplify and accelerate exposure of AWS services on Apigee Edge.  In addition, we published a new reference architecture designed to make it easier for developers to use Apigee Edge on AWS http://apigee.com/about/press-release/apigee-announces-new-reference-architecture-apigee-api-management-aws and jointly held a webinar on “Bringing API Management to AWS-Powered Backends http://apigee.com/about/blog/developer/bringing-api-management-aws-powered-backends.

·      Today, Apigee announced that it is supporting improved patient data interoperability across the Salesforce Health Cloud with Apigee Edge API management software and Apigee Health APIx.  Apigee Health APIx is a software solution announced last October that assists healthcare providers in accelerating the development and delivery of digital services based on FHIR (Fast Healthcare Interoperability Resources) APIs, and helps securely connect data from systems of record to Salesforce Health Cloud.  Apigee will join Salesforce at HIMSS for a special panel titled “The State of Interoperability in the Cloud,” featuring Aneesh Chopra, the former (and first) chief technology officer of the United States.

·      Apigee held a FinTech API Summit in February, with speakers from Forrester, First Data, Tradier, and Vantiv, as well as Apigee.  With more than 140 attendees, the event was sold out and Apigee will host another edition of the Summit in April 2016.  http://apigee.com/about/search/gss/fintech%20summit

·      Apigee announced a partnership with Tata Consultancy Services (TCS), a global leader in IT services, digital and business solutions, to help accelerate digital transformation for businesses globally.

·      New partners in the quarter included AIXTEX Corporation, Apcera, Capgemini Technology Services, Delphix, Fasconnect, Master Works, Mindtree, New Context Services, RCBJ Consulting, Seed Technology Solutions Information and ValueLabs Global.

Guidance:

As of February 29, 2016, Apigee is providing initial guidance for its third quarter fiscal 2016 and updating guidance for the fiscal year ending July 31, 2016.

Third Quarter Fiscal 2016 Guidance:

·      Total revenue is expected to be in the range of $22.5 million to $23.5 million. 

·      Non-GAAP operating loss is expected to be in the range of $7.5 million to $8.5 million.

·      Non-GAAP net loss per share is expected to be in the range of $0.25 to $0.29 based on approximately 29.8 million GAAP weighted-average shares outstanding. 

·      Gross billings are expected to be in the range of $27.5 million to $29.5 million.

Full Year Fiscal 2016 Guidance:

•      Total revenue is expected to be in the range of $89.0 million to $92.0 million.

•      Total license revenue is expected to be in the range of $28.5 million to $31.5 million.

•      Non-GAAP operating loss is expected to be in the range of $34.0 million to $36.0 million.

•      Non-GAAP net loss per share is expected to be in the range of $1.13 to $1.20 based on approximately 30.0 million GAAP weighted-average shares outstanding. 

•      Gross billings are expected to be in the range of $104.0 million to $110.0 million.

Conference Call Details:

•      What:  Results of Apigee Corporation (APIC) second quarter fiscal year 2016 ended January 31, 2016.

•      When: Monday, February 29, 2016 at 2 pm PST (5 pm EST). 

•      Dial in:  To access the call in the United States, please dial (877) 407-4018, and for international callers please dial (201) 689-8471. Callers may provide confirmation number 13630233 to access the call more quickly, and are encouraged to dial into the call 10 to 15 minutes prior to the start to prevent any delay in joining.

•      Webcast:   http://investors.apigee.com (live and replay)

•      Replay:  A replay of the call will be available via telephone for seven days, beginning two hours after the call. To listen to the telephone replay in the United States, please dial (877) 870-5176, and for international callers please dial (858) 384-5517 and enter access code 13630233.

About Apigee

Apigee® (NASDAQ: APIC) provides an intelligent API platform for digital business.  Many of the world's largest organizations select Apigee to enable their digital business, including 30 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies.  Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data.  Apigee is headquartered in San Jose, California and has over 400 employees worldwide.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding Apigee’s anticipated growth, the momentum and trends in its business, markets and certain vertical markets, planned product developments, anticipated benefits from its relationships with TCS and AWS, its forecasted positive cash flow and its forecasted total revenue, license revenue, gross billings, non-GAAP operating loss and non-GAAP net loss per share for the fiscal third quarter and fiscal year 2016. Words such as “expect,” “will,” “believes,” and similar expressions are intended to identify forward-looking statements.  These forward-looking statements are based on current expectations and are subject to inherent uncertainties, risks, and changes in circumstances that are difficult or impossible to predict. Consequently, you should not rely on these forward-looking statements.  Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such uncertainties, risks, and changes in circumstances, including without limitation risks and uncertainties related to Apigee’s limited operating history; risks associated with its history of losses and its expectation of incurring losses for the foreseeable future; risks associated with the potential significant fluctuation of its future quarterly results and variances in its quarterly bookings, license revenue and operating cash flows; risks associated with revenue mix; risks associated with the effective management of its growth; risks associated with the role its strategic relationships with third parties plays in its growth; risks associated with market acceptance of its platform and Edge product; risks associated with Apigee’s experience in developing and introducing new products; risks associated with successfully implementing partnerships and strategic relationships; risks associated with Apigee’s ability to meet its customers’ needs for infrastructure capacity and the quality of its software, support and services; and risks associated with Apigee’s ability to obtain renewals from current customers.

The foregoing list of factors is not exclusive.  Additional risks and uncertainties that could affect Apigee’s financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in Apigee’s Annual Report on Form 10-Q filed with the SEC on December 8, 2015.  Apigee’s SEC filings are available on the Investor Relations section of the Company’s website at http://investors.apigee.com and on the SEC's website at www.sec.gov.  Apigee disclaims any obligation to update the forward-looking statements provided to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

Non-GAAP Financial Measures

Apigee provides the following non-GAAP financial measures in this release and in the earnings call referencing this press release: gross billings, product gross billings, non-GAAP license gross margin, non-GAAP subscription and support gross margin, non-GAAP professional services gross margin, non-GAAP gross margin, non-GAAP operating expense, non-GAAP operating loss, non‑GAAP net loss, and non-GAAP net loss per share.  These non-GAAP items are key measures used by our management to understand and evaluate our operating performance and trends.  In particular, because a number of these measures exclude certain non-cash expenses, they can provide useful measures for period-to-period comparisons of our business.

Apigee uses these non-GAAP financial measures internally in analyzing its operating results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating its ongoing operational performance. Apigee believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends.

Non-GAAP financial measures should not be considered in isolation from, or as substitutes for, their most directly comparable financial measure prepared in accordance with GAAP.  A reconciliation of the historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release.  Investors are encouraged to review the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measures.

We calculate non-GAAP gross profit, non-GAAP gross margin, non-GAAP license gross margin, non-GAAP subscription and support gross margin, non-GAAP professional services gross margin, non-GAAP operating expenses, non-GAAP sales and marketing expenses, non-GAAP research and development expenses, non-GAAP general and administrative expenses, non-GAAP operating loss and non-GAAP net loss as the respective GAAP balances, adjusted for: (1) stock-based compensation and (2) the amortization of intangible assets. For Q2 16, non-GAAP net loss per share is calculated as non-GAAP net loss divided by GAAP weighted average shares outstanding. For Q2 15, non-GAAP net loss per share is calculated as non-GAAP net loss divided by the non-GAAP weighted average shares outstanding that are adjusted to assume the conversion of outstanding preferred shares to common shares as of the beginning of the period.

We define gross billings as our total revenue plus the change in our deferred revenue in a period. We define product gross billings as our total product revenue (where product is defined as license, subscription and support) plus the change in our license, subscription and support deferred revenue in a period. Gross billings and product gross billings in any period consists of sales to new customers plus renewals and additional sales to existing customers. Our management uses gross billings and product gross billings as a performance measurement because we generally bill our customers at the time of sale of our solutions and recognize revenue either upon delivery or ratably over subsequent periods, and a portion of our revenue may be recognized over a period of more than 12 months.  We believe that gross billings and product gross billings provide valuable insight into the sales of our solutions and the performance of our business.

With respect to Apigee’s outlook under “Third Quarter Fiscal 2016 Guidance” and "Full Year Fiscal 2016 Guidance" above, Apigee has not reconciled its expectations regarding non-GAAP loss from operations to GAAP loss from operations, nor reconciled non-GAAP net loss per share to GAAP net loss per share, because stock-based compensation expenses cannot be reasonably predicted and calculated.  Accordingly, reconciliation is not available without unreasonable effort.

 

Investor Relations Contact:

Kevin Faulkner

kfaulkner@apigee.com

1-408-816-1658

 

Media Contact:
press@apigee.com

 

 

Apigee Corporation

Consolidated Balance Sheets

(in thousands)

 

 

January 31,

July 31,

 

2016

2015

 

(Unaudited)

 

Assets

 

 

Current assets

 

 

Cash and cash equivalents...........................................................

$74,027

$89,562

Accounts receivable, net..............................................................

25,866

21,451

Prepaid expenses and other current assets..................................

        4,458

        5,806

Total current assets..................................................................

   104,351

   116,819

Property and equipment, net...........................................................

2,516

3,144

Goodwill.................................................................................................

14,744

14,744

Intangible assets, net...........................................................................

2,659

3,200

Other assets...........................................................................................

            775

            799

Total assets.................................................................................

 $125,045

 $138,706

Liabilities and stockholders’ equity

 

 

Current liabilities

 

 

Accounts payable...........................................................................

$1,154

$2,015

Accrued expenses and other current liabilities.....................

11,185

9,796

Deferred revenue, current portion...........................................

40,437

35,648

Term debt, current portion.........................................................

       2,087

       2,079

Total current liabilities...........................................................

    54,863

   49,538

Non-current liabilities

 

 

Deferred revenue, non-current..................................................

4,915

5,154

Deferred rent, non-current.........................................................

1,301

1,550

Other liabilities, non-current.....................................................

746

773

Term debt, non-current................................................................

           741

       1,787

Total non-current liabilities..................................................

       7,703

       9,264

Total liabilities...........................................................................

     62,566

    58,802

Commitments and contingencies

 

 

Stockholders’ equity

 

 

Common stock................................................................................

30

29

Additional paid-in capital

280,742

276,099

Accumulated deficit

(218,293)

(196,224)

Total stockholders’ equity

      62,479

     79,904

Total liabilities and stockholders’ equity

 $125,045

 $138,706

 

Apigee Corporation

Consolidated Statements of Comprehensive Loss

(in thousands, except per share amounts)

 

 

Three Months Ended

January 31,

Six Months Ended

January 31,

 

2016

2015

2016

2015

 

(Unaudited)

(Unaudited)

Revenue

 

 

 

 

License............................................................

 $8,763

$5,106

 $15,603

 $9,522

Subscription and support.........................

 10,977

7,671

 20,879

 14,164

Professional services and other..............

                  3,149

                 4,231

              6,952

                8,929

Total revenue...........................................

 22,889

17,008

 43,434

 32,615

Cost of revenue

 

 

 

 

License............................................................

 129

128

 257

 257

Subscription and support.........................

 3,141

2,929

 6,224

 5,367

Professional services and other..............

                  3,396

                3,324

              6,649

                7,044

Total cost of revenue

                  6,666

               6,381

            13,130

             12,668

Gross profit........................................................

 16,223

10,627

 30,304

 19,947

Operating expenses

 

 

 

 

Research and development.......................

8,913

7,062

 18,036

 14,385

Sales and marketing.....................................

11,761

11,214

 25,311

 25,174

General and administrative......................

                   4,212

                 3,125

               8,398

                 6,704

Total operating expenses......................

                24,886

              21,401

            51,745

              46,263

Loss from operations......................................

 (8,663)

(10,774)

  (21,441)

(26,316)

Other income (expense), net...........................

                    (227)

                 (183)

               (421)

                (290)

Loss before provision for income taxes....

(8,890)

(10,957)

(21,862)

 (26,606)

Provision for income taxes............................

                        128

                       92

                  207

                     203

Net loss and comprehensive loss..................

               $(9,018)

         $(11,049)

       $(22,069)

         $(26,809)

Net loss per share:

 

 

 

 

Basic and diluted...............................................

                  $(0.31)

              $(2.73)

            $(0.75)

             $(6.69)

Weighted-average shares outstanding used in calculating net loss per share:

 

 

 

 

Basic and diluted...............................................

29,543

4,053

29,519

4,009

 

Apigee Corporation

Consolidated Statements of Cash Flows

(in thousands)

 

 

Three Months Ended

Six Months Ended

January 31,

January 31,

 

2016

2015

2016

2015

 

(Unaudited)

(Unaudited)

Cash flows from operating activities

       

Net loss ......................................................

 $(9,018)

 $(11,049)

 $(22,069)

 $(26,809)

Adjustments to reconcile net loss to net cash used in operating activities

       

Depreciation and amortization ..................

604

 591

1,207

 1,212

Provision for doubtful accounts ................

57

 14

57

 18

  Amortization of debt discount .......

 8

 20

 15

 26

Deferred income taxes ...............................

 –

 –

 –

 -

Stock-based compensation expense ..........

 1,786

 850

3,268

 1,447

Changes in operating assets and liabilities

 

 

 

 

Accounts receivable .................................

 (5,829)

 (7,143)

 (4,472)

 (2,630)

Prepaid expenses and other assets ............

547

 (1,235)

1,368

 (357)

Accounts payable .....................................

374

 122

 (639)

 (204)

Accrued expenses, other liabilities and deferred rent...  

545

 56

1,114

 520

Deferred revenue ......................................

               2,821

                   5,825

                      4,550

                5,503

Net cash used in operating activities ........

             (8,105)

              (11,949)

                (15,601)

           (21,274)

Cash flows from investing activities

       

Purchase of property and equipment .........

                    (58)

                    (317)

                      (108)

                 (350)

Net cash used in investing activities .........

                    (58)

                    (317)

                      (108)

                (350)

Cash flows from financing activities

       

Proceeds from issuance of debt, net of issuance costs...

 –

4,000

4,000

Repayments of debt obligations...............

 (525)

 (3,642)

 (1,050)

 (4,332)

 

Payment of deferred costs related to initial public offering…

(1,077)

(152)

(1,077)

Proceeds from exercise of stock options, net of taxes paid...

269

 296

 415

407

Proceeds from issuance of Employee Stock Purchase Plan shares...

                         961

                          –

                                961

                           -

Net cash provided by (used in) financing activities...

                         705

                  (423)

                     174

              (1,002)

Net increase (decrease) in cash and cash equivalents...

                   (7,458)

           (12,689)

            (15,535)

           (22,626)

Cash and cash equivalents

       

Beginning of period .................................

                    81,485

              41,822

               89,562

             51,759

End of period ...........................................

74,027

 29,133

74,027

 29,133

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apigee Corporation

Reconciliation of GAAP to Non-GAAP Financial Measures

(in thousands, except per share amounts)

 

 

Three Months Ended

January 31,

Six Months Ended

 January 31,

 

2016

2015

2016

2015

Gross billings

 

 

 

 

Total revenue................................................

$22,889

$17,008

$43,434

$32,615

Total deferred revenue, end of period........

45,352

33,193

45,352

33,193

Less: Total deferred revenue, beginning of period             

(42,530)

(27,368)

(40,802)

 (28,190)

Total change in deferred revenue

      2,822

      5,825

      4,550

      5,003

Gross billings..................................

 $25,711

 $22,833

 $47,984

 $37,618

Product gross billings

License..........................................................

$8,763

$5,106

$15,603

9,522

Subscription and support..............................

  10,977

    7,671

  20,879

   14,164

Total product revenue..................................

19,740

12,777

36,482

23,686

Total license, subscription and support deferred revenue, end of period...

36,954

29,546

36,954

29,546

Less: Total license, subscription and support deferred revenue, beginning of period...

(35,815)

(24,556)

(36,638)

(24,848)

Total change in license, subscription and support deferred revenue...

     1,139

     4,990

        316

     4,698

Product gross billings.................

$20,879

$17,767

$36,798

$28,384

Non-GAAP gross margin

Gross margin......................................................

70.9%

62.5%

69.8%

61.2%

Add: Stock-based compensation expense...

0.6%

0.3%

0.6%

0.3%

Add: Amortization of intangible assets......

      1.0%

      1.3%

      1.0%

      1.4%

Non-GAAP gross margin............

   72.5%

   64.1%

   71.4%

   62.9%

Non-GAAP license gross profit:

 

 

 

 

License gross profit.........................................

$8,634

$4,978

$15,346

$9,265

License gross margin.......................................

98.5%

97.5%

98.4%

97.3%

Add: Amortization of intangible assets......

        114

        113

          228

       227

Non-GAAP license gross profit

  $8,748

 $5,091

$15,574

 $9,492

Non-GAAP license gross margin      

  99.8%

  99.7%

   99.8%

   99.7%

Non-GAAP subscription and support gross profit:

 

 

 

 

Subscription and support gross profit......

$7,836

$4,742

$14,655

$8,797

Subscription and support gross margin....

71.4%

61.8%

70.2%

62.1%

Add: Stock-based compensation expense...

41

8

71

13

Add: Amortization of intangible assets......

         113

      114

         226

        227

Non-GAAP subscription and support gross profit...

   $7,990

  $4,864

$14,952

  $9,037

Non-GAAP subscription and support gross margin...

   72.8%

   63.4%

   71.6%

    63.8%

Non-GAAP professional services and other gross profit:

 

 

 

 

Professional services and other gross profit     

$(247)

$907

$303

$1,885

Professional services and other gross margin   

(7.8)%

21.4%

4.4%

21.1%

Add: Stock-based compensation expense...

         101

          48

         196

           91

Non-GAAP professional services and other gross profit...

  $(146)

     $955

      $499

  $1,976

Non-GAAP professional services and other margin...

(4.6)%

22.6%

7.2%

22.1%

Non-GAAP research and development expense:

 

 

 

 

GAAP research and development expense...

$8,913

$7,062

 $18,036

 $14,385

Less: Stock-based compensation expense...

(671)

(257)

(1,238)

(453)

Less: Amortization of intangible assets......

      (44)

     (44)

       (88)

        (88)

Non-GAAP research and development expense...

 $8,198

 $6,761

$16,710

$13,844

Non-GAAP sales and marketing expense:

 

 

 

 

GAAP sales and marketing expense..............

$11,761

$11,214

 $25,311

 $25,174

Less: Stock-based compensation expense...

(463)

(188)

(799)

(319)

Less: Amortization of intangible assets......

                 –

         (20)

                 –

           (58)

Non-GAAP sales and marketing expense          

$11,298

$11,006

$24,512

$24,797

Non-GAAP general and administrative expense:

 

 

 

 

GAAP general and administrative expense

 $4,212

$3,125

 $8,398

 $6,704

Less : Stock-based compensation expense...

      (510)

       (349)

       (964)

       (571)

Non-GAAP general and administrative expense...

    $3,702

    $2,776

     $7,434

     $6,133

Non-GAAP operating loss:

 

 

 

 

Operating loss....................................................

$(8,663)

$(10,774)

$(21,441)

$(26,316)

Add: Stock-based compensation expense...

1,786

850

3,268

1,447

Add: Amortization of intangible assets......

          271

          291

            542

            600

Non-GAAP operating loss.............

$(6,606)

$(9,633)

$(17,631)

$(24,269)

Non-GAAP net loss:

 

 

 

 

Net loss.................................................................

$(9,018)

$(11,049)

$(22,069)

$(26,809)

Add: Stock-based compensation expense...

1,786

850

3,268

1,447

Add: Amortization of intangible assets......

         271

         291

            542

            600

Non-GAAP net loss..........................

$(6,961)

$(9,908)

$(18,259)

$(24,762)

Non-GAAP net loss per share:

 

 

 

 

GAAP net loss per share................................

 $(0.31)

$(2.73)

$(0.75)

$(6.69)

Non-GAAP adjustments to net loss per share   

0.07

0.28

0.13

0.51

Non-GAAP adjustment to weighted average shares used in calculating net loss per share..................

            -

    2.03

            -

       5.13

Non-GAAP net loss per share...

$(0.24)

$(0.42)

 $(0.62)

  $(1.05)

Non-GAAP weighted average shares outstanding:

 

 

 

 

Weighted-average shares outstanding used in calculating net loss per share, basic and diluted...

29,543

4,053

29,519

4,009

 

Add: Conversion of preferred convertible stock                

            -

19,751

            -

19,786

Non-GAAP weighted average shares outstanding...

29,543

23,804

29,519

23,795

 

 

 

The cooperative banking and insurance company using Apigee API management software to help improve access to its online services

 

SAN JOSE, Calif. –  Apigee® (NASDAQ: APIC), developer of an intelligent API platform for digital business, today announced that Crédit Mutuel Arkea, a leading mutual, cooperative banking and insurance company in France, has selected the Apigee Edge API management software to help it harness the power of APIs (application programming interfaces) for its online banking and insurance solutions.

With APIs at the center of Crédit Mutuel Arkea’s online development strategy, the banking and insurance company selected Apigee software in order to unlock new efficiencies and help drive customer growth on Web and mobile platforms.

“We are seeing banking and insurance companies at the forefront of digital transformation.  Apigee’s intelligent API platform can help Crédit Mutuel Arkea use APIs in a coherent and sophisticated way to help securely share data and services across devices,” explained Denis Dorval, vice president, EMEA, Apigee.

To meet its increased need for responsiveness and flexibility, Crédit Mutuel Arkea plans to expose APIs for both partner applications and internal applications. Acceleration of customer acquisition by improving the user experience of its retail information system is a key priority. In response to this strategic challenge, the company is implementing a modular and flexible IT architecture, and it is leveraging APIs to help its transformation, deploying a "mobile first" approach, and developing marketing operations with major players.

“The acquisition of the Apigee Edge API management software will help Crédit Mutuel Arkéa to improve the online access of its new services for  its clients and partners. This is in line with Arkéa’s strategy to grow its online banking market and digital financial services,” commented Marc Chéreau, Director of Computer Studies, Crédit Mutuel Arkéa.

 

Apigee’s intelligent API platform helps businesses use APIs to securely share data and services across devices to serve customers and use data to continually improve the customer experience. Apigee’s platform today includes Apigee Edge, its flagship API management software; Apigee Insights, an advanced predictive analytics product; and Apigee Link, an API-first product for the Internet of Things (IoT). Most recently, Apigee introduced Apigee Sense, an intelligent API security product.

                                                                                                                                   

About Crédit Mutuel ARKEA

Crédit Mutuel ARKEA is a retail banking and insurance cooperative mutual bank, not listed on the stock exchange. Crédit Mutuel ARKEA is entirely owned by its customer-members. Crédit Mutuel ARKEA is composed of three regional federations representing three main French geographic zones (Brittany in the West, the South West and Massif Central in the middle of France). Crédit Mutuel ARKEA also has a presence across the country thanks to its corporate and online subsidiaries (Fortuneo, Monext, Financo, Federal Finance, Suravenir, CFCAL...). Crédit Mutuel ARKEA employs nearly 9,000 people, counts 3,700 administrators, and has a total of 3.6 million members and customers. The bank has 110 billion Euros in total assets. Crédit Mutuel ARKEA ranks among the leading banks with headquarters in region. For further information, go to www.arkea.com.

                   

About Apigee

Apigee® (NASDAQ: APIC) provides an intelligent API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 30 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California and has over 400 employees worldwide.

 

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding market adoption of digital technologies, planned customer adoption and implementation of Apigee’s products, potential future customer opportunities and opportunities between Apigee and Arkea. These forward-looking statements are based on current expectations and are subject to inherent uncertainties, risks and changes in circumstances that are difficult or impossible to predict. Consequently, you should not rely on these forward-looking statements.  Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such uncertainties, risks and changes in circumstances, including without limitation risks and uncertainties related to market adoption of digital technologies, the ability of Apigee’s software to meet its customers’ needs, the quality of Apigee’s software, support and services and related infrastructure capacity and any incorrect implementation or use of Apigee software.

The foregoing list of factors is not exclusive. Additional risks and uncertainties that could affect Apigee’s financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in Apigee’s Quarterly Report on Form 10-Q filed with the SEC on December 8, 2015. Apigee’s SEC filings are available on the Investor Relations section of the Company’s website at http://investors.apigee.com and on the SEC's website at www.sec.gov. Apigee disclaims any obligation to update the forward-looking statements provided to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

 

Connect with Apigee

 

Apigee blog: /about/blog/front

Apigee community: https://community.apigee.com/

Twitter: https://twitter.com/Apigee

LinkedIn: https://www.linkedin.com/company/apigee

# # #

 

Apigee is a registered trademark in the U.S. Other product or company names mentioned may be trademarks or trade names of their respective companies.

 


Apigee Media Contacts:

press@apigee.com

 

 

Apigee participates as Salesforce Health Cloud launch partner

Empowers healthcare organizations to build stronger patient relationships by enabling data exchange between healthcare systems and applications

 

HIMSS16 LAS VEGAS –  Apigee®, developer of an intelligent API platform, today announced it is supporting improved patient data interoperability across the Salesforce Health Cloud with Apigee Edge API management software and Apigee Health APIx. Apigee Health APIx is a software solution announced last October that assists healthcare providers in accelerating the development and delivery of digital services based on FHIR (Fast Healthcare Interoperability Resources) APIs, as well as help securely connect data from systems of record to Health Cloud.

 

Salesforce Health Cloud is generally available for purchase today, giving healthcare providers new ways to make smarter care decisions, engage with patients across their caregiver networks, and manage patient data. Apigee joins Salesforce as a Health Cloud launch partner at the Healthcare Information and Management Systems Society (HIMSS16) Conference in Las Vegas.  Apigee will join Salesforce at HIMSS for a special panel titled, “The State of Interoperability in the Cloud,” featuring Aneesh Chopra, the former (and first) chief technology officer of the United States. The panel will take place at on Tuesday, March 1, at 1 p.m. PST in the Clyde Ballroom at the SLS Las Vegas Hotel.

 

Apigee Edge and Apigee Health APIx Key Features

Apigee Edge is Apigee’s flagship API management product, delivering an enterprise-grade platform for managing, securing and scaling APIs. Apigee Health APIx, a solution build on Apigee Edge, makes it easier for healthcare providers such as hospitals and doctors to connect with app developers and health data partners in the Salesforce Health Cloud in order to build FHIR API-based applications. Apigee’s healthcare API solution helps simplify and accelerate patient data interoperability across Salesforce Health Cloud by providing FHIR-based APIs for immediate use.

 

The Apigee Health APIx solution provides Salesforce Health Cloud partners with access to:

 

  • A healthcare-specific developer portal with FHIR API documentation and content
  • A new open-source project that provides a collection of pre-configured API proxies for 16 FHIR-ready APIs (Patient, Medication, Condition, Claims, and more)
  • Pre-integrated OAuth security framework and other key functions
  • Reference implementation of leading FHIR- enabled apps

 

Comments on the News

  • “Patients today expect greater access and control of their health data, and the Salesforce Health Cloud represents a major step in the right direction,” said Aashima Gupta, Apigee vice president, digital transformation - healthcare. “Innovation in healthcare needs to address interoperability, and the Apigee Health APIx solution brings this to the Health Cloud by enabling fast and secure data exchange between healthcare systems and applications with intelligent API management.”
  • "As our industry accelerates its journey towards value-based payment, the combination of Apigee's Health API-x and the Salesforce Health Cloud will offer a more effective interoperability path," said Aneesh Chopra, the former (and first) U.S. chief technology officer and Apigee advisor. “Together, they offer health organizations the ability to put patients at the center of data exchange with the ease of Internet-scale technologies, including the emerging FHIR API standard that will fuel patient and provider-designated apps."
  •  “We live in the age of the customer, and patients now expect personalized and engaging experiences with their healthcare providers,” said Joshua Newman, MD, chief medical officer, GM, Salesforce Healthcare and Life Sciences. “Health Cloud is all about building stronger patient relationships, and Apigee is a valuable part of our journey towards creating a modern healthcare platform for patients, doctors, and everyone else involved in care.”

 

About Salesforce Health Cloud

Salesforce Health Cloud is a cloud-based patient relationship management solution that enables providers to gain a complete view of the patient with integrated data from electronic medical records (EMRs), wearables and more; make smarter care decisions; engage with patients across their caregiver networks; and safely and securely manage patient data.

 

About Apigee

Apigee® (NASDAQ: APIC) provides an intelligent API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including more than 25 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California, and has over 400 employees worldwide.

 

Connect with Apigee

Apigee blog: /about/blog/front

Apigee community: https://community.apigee.com

Apigee Twitter: https://twitter.com/Apigee

Apigee LinkedIn: https://www.linkedin.com/company/apigee

 

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding planned adoption and implementation of Apigee’s products and the potential future customer benefits of using them as wellas the success of the relationship with Salesforce and potential opportunities with joint customers. These forward-looking statements are based on current expectations and are subject to inherent uncertainties, risks and changes in circumstances that are difficult or impossible to predict. Consequently, you should not rely on these forward-looking statements.  Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such uncertainties, risks and changes in circumstances, including without limitation risks and uncertainties related to market adoption of digital technologies, the ability of Apigee’s software to meet its customers’ needs, the quality of Apigee’s software, support and services and related infrastructure capacity, the continued business success of both companies; Apigee’s ability to maintain the Salesforce relationship; the complementarity of each of Apigee’s and Salesforce’s products or services and the effectiveness of their combined use; and any incorrect implementation or use of Apigee software.

 

The foregoing list of factors is not exclusive. Additional risks and uncertainties that could affect Apigee’s financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in Apigee’s Quarterly Report on Form 10-Q filed with the SEC on December 8, 2015. Apigee’s SEC filings are available on the Investor Relations section of the Company’s website at http://investors.apigee.com and on the SEC's website at www.sec.gov. Apigee disclaims any obligation to update the forward-looking statements provided to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

 

Salesforce is the trademark of Salesforce.com, Inc. Apigee is a registered trademark in the U.S.  Other product or company names mentioned may be trademarks or trade names of their respective companies.

 

Apigee Media Contact:

press@apigee.com

 

 

 

 

 

San Jose, Calif. Apigee® (NASDAQ: APIC), developer of an intelligent API platform for digital business, today announced that Apigee CFO Tim Wan and CTO Anant Jhingran will be presenting at the JMP Securities Technology Conference in San Francisco, California.  The presentation is scheduled for Tuesday, March 1, 2016 at 12:00 p.m. PST.

Apigee invites investors and analysts to listen to the live webcast at the investor relations page of Apigee’s company website at http://investors.apigee.com.  A replay of the webcast will be available on the website later in the day.  The webcast may include forward-looking statements.

 

About Apigee

Apigee® (NASDAQ: APIC) provides an intelligent API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 30 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California and has over 400 employees worldwide.

 

Investor Relations Contact:

press@apigee.com

 

Apigee and Amazon Web Services (AWS) to present how to use Apigee for AWS-powered applications in webinar on Feb. 17

 AWS session at Apigee’s upcoming “I Love APIs” London conference will show Apigee Edge with AWS Lambda

 

SAN JOSE, Calif. – Apigee® (NASDAQ: APIC), developer of an intelligent API platform for digital business, today announced a new reference architecture designed to make it easier for developers to use the richly featured Apigee Edge API management software on Amazon Web Services (AWS). The new reference architecture provides a resource that documents best practices for considerations such as security and performance when developing Apigee-powered applications using AWS services. It can be found here on the Apigee website. 

 

“A large number of our enterprise customers expose AWS services through the Apigee Edge software, in order to take advantage of our comprehensive API management capabilities,” said Anant Jhingran, Apigee chief technology officer. “We want to make it insanely easy for developers to use Apigee software on a wide range of AWS SaaS services, and this reference architecture - which has been reviewed and validated by Amazon solution architects - captures many of the best practices gleaned from many Apigee-AWS deployments.”

 

Apigee’s flagship Apigee Edge API management software empowers organizations to securely deliver and manage APIs, with agility and at scale. Apigee Edge software delivers comprehensive API management that addresses the complete lifecycle of an API project – including both API exposure and consumption, as well as capabilities such as data transformation, caching and mediation, a portal for testing and documenting APIs, analytics, and monetization of APIs. 

 

In conjunction with the AWS Lambda team, Apigee is also developing an open source plug-in to enable easier exposure of AWS Services on Apigee Edge software. AWS Lambda is a next-generation compute service, designed to offer high scalability and value. Apigee’s API Management integration with AWS Lambda will be available later in 2016.

 

Apigee-AWS Webinar Details

 

Apigee and AWS will jointly present a webinar titled, “Bringing API Management to Amazon Web Service-powered Backends,” on February 17th, from 12:00-1:00pm PST. Topics will include:

 

·           Introduction to API management vs API gateways

·           Benefits of comprehensive API management for AWS customers

·           Performance and security best practices for AWS and Apigee

·           Apigee Edge / AWS Lambda demo

 

Attendees can register for the Apigee-AWS webinar here on the Apigee website.

 

AWS to Present at Apigee’s Upcoming “I Love APIs” Conference

 

Matt McClean, solution architect from AWS, will present how to use AWS Lambda to build microservices at Apigee’s “I Love APIs” conference in London on March 2. He will go over various architectural patterns and anti-patterns for using AWS Lambda, as well as a live demo using the Apigee API management software to expose AWS Lambda-powered microservices as RESTful APIs.

 

Attendees can register for I Love APIs London here.

 

About Apigee

Apigee® (NASDAQ: APIC) provides an intelligent API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including more than 25 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California, and has over 400 employees worldwide.

 

Connect with Apigee

Apigee blog: /about/blog/front

Apigee community: https://community.apigee.com

Twitter: https://twitter.com/Apigee

LinkedIn: https://www.linkedin.com/company/apigee

 

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding planned development and implementation of Apigee’s products and the potential future customer benefits of using them. These forward-looking statements are based on current expectations and are subject to inherent uncertainties, risks and changes in circumstances that are difficult or impossible to predict. Consequently, you should not rely on these forward-looking statements.  Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such uncertainties, risks and changes in circumstances, including without limitation risks and uncertainties related to market adoption of digital technologies, the ability of Apigee’s software to meet its customers’ needs, the quality of Apigee’s software, support and services and related infrastructure capacity and any incorrect implementation or use of Apigee software.

 

The foregoing list of factors is not exclusive. Additional risks and uncertainties that could affect Apigee’s financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in Apigee’s Quarterly Report on Form 10-Q filed with the SEC on December 8, 2015. Apigee’s SEC filings are available on the Investor Relations section of the Company’s website at http://investors.apigee.com and on the SEC's website at www.sec.gov. Apigee disclaims any obligation to update the forward-looking statements provided to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

 

Apigee Media Contact:

press@apigee.com

 

SAN JOSE, CALIF. – Feb. 5, 2016 – Apigee® (NASDAQ: APIC), developer of an intelligent API platform for digital business, today announced that it will report its financial results for the second fiscal quarter ended January 31, 2016 after market close on Monday, February 29, 2016. The company also announced that it will hold a conference call on the same day at 5:00 PM Eastern Time (2:00 PM Pacific Time) to discuss its quarterly financial results. The conference call may include forward-looking statements.

The conference call can be accessed by dialing 1-877-407-4018 from the United States or 1-201-689-8471 internationally, with reference to the company name and conference title. A live webcast of the conference call can be accessed from the investor relations page of Apigee’s company website at http://investors.apigee.com. Following the completion of the call, a recorded replay will be available on the company’s website, and a telephone replay will be available through 11:59 PM Eastern Time on March 7, 2016 by dialing 1-877-870-5176 from the United States or 1-858-384-5517 internationally, with recording access code 13630233.

About Apigee

Apigee® (NASDAQ: APIC) provides an intelligent API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including more than 25 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California, and has over 400 employees worldwide.

Investor Relations Contact:

Kevin Faulkner

kfaulkner@apigee.com

1-408-816-1658

Media Contact:

press@apigee.com