Apigee Announces Fourth Quarter and Fiscal 2016 Results

San Jose, Calif. – September 14, 2016 – Apigee® (NASDAQ: APIC), the API company, today announced financial results for its fourth quarter and fiscal year ended July 31, 2016.

Fiscal Year 2016

For FY 16, Apigee reported total revenue of $92.0 million, up 34% compared to $68.6 million in FY 15. Apigee reported FY 16 product revenue (defined as license revenue plus subscription and support revenue) of $75.3 million, up 46% compared to $51.6 million in FY 15.

Apigee reported FY 16 GAAP gross margin of 70.1%, up from 63.6% in FY 15, and non-GAAP gross margin of 71.8% compared to 65.3% in FY 15. Apigee reported an FY 16 GAAP operating loss of $40.9 million, compared to $49.5 million in FY 15. FY 16 non-GAAP operating loss was $31.5 million compared to $44.9 million in FY 15.  FY 16 GAAP net loss per share was $1.39, compared to $4.73 in FY 15, and FY 16 non-GAAP net loss per share was $1.08 compared to $1.81 in FY 15. FY 16 operating cash flow improved to $(21.7) million compared to $(37.4) million in FY 15.  Total deferred revenue was

$53.9 million at the end of FY 16 up 32% from $40.8 million at the end of FY 15. The balance of cash and cash equivalents at the end of FY 16 was $68.3 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.”

Fourth Quarter Fiscal 2016

For Q4 16, Apigee reported total revenue of $25.1 million, up 34% from $18.7 million in Q4 15. Apigee reported Q4 16 product revenue (defined as license revenue plus subscription and support revenue) of $20.2 million, up 39% from $14.5 million in Q4 15.

Apigee reported Q4 16 GAAP gross margin of 70.9%, up from 66.4% in Q4 15, and Q4 16 non-GAAP gross margin of 72.7%, up from 68.1% in Q4 15. Apigee reported a Q4 16 GAAP operating loss of $9.6 million, compared to $12.4 million in Q4 15. Q4 16 non-GAAP operating loss was $6.3 million, compared to $11.0 million in Q4 15. Q4 16 GAAP net loss per share was

$0.32, compared to $0.43 in Q4 15. Q4 16 non-GAAP net loss per share was $0.21, compared to $0.38 in Q4 15. Q4 16 operating cash flow was $(2.6) million, compared to $(13.9) million in Q4 15.

Recent Business Updates:

  • Apigee now has more than 335 customers, up more than 130 compared to the end of Q4 15. In Q4 16, we did expansion deals with 50 customers.
  • Key customers in the quarter included Allstate, CLEAR, digitalSTROM, Du, Emaratech, Lego, MindBody, Morrisons, SEI Investments, Shutterfly, T-Mobile, Telstra, Thomson Reuters, Uptake and Western Union.
  • Our FY 16 simple dollar-based renewal rate exceeded 90%.
  • For FY 16, Apigee reported gross billings of $105.1 million, up 29% from $81.2 million in FY 15. FY 16 product gross billings were $84.1 million, up 33% from $63.4 million a year ago.
  • We announced Apigee Open Banking APIx, a new software accelerator designed to help banks within the European Union more quickly and easily embrace open banking requirements set out in the revised Payment Services Directive (PSD2).
  • Apigee and Pivotal announced that Apigee Edge's Microgateway capability is now supported by Pivotal Cloud Foundry, enabling developers to more easily leverage Apigee's API management software to share, monitor and secure APIs and microservices for applications developed with Pivotal's cloud native platform.
  • We entered into new or expanded partnership agreements in the quarter with Acclaim Consulting Group, Algorism, Cloud Elements, Data Factory Labs, DigitalAPICraft, finRenaissance, Incentro, Juggernaut Innovations, Okta, Pivotal, PromptNow, Tata America International, Tavant Technologies, The APIfoundry, The Coral Edge, and Winning Edge Solutions.

Guidance:

On September 8, 2016, Apigee announced that it had entered into a definitive agreement to be acquired by Google. As a result, Apigee will not provide an outlook for our future financial results. Any previous statements that could be interpreted to project our future financial performance should no longer be relied upon.

Conference Call Details:

As a result of the acquisition announcement, the conference call previously scheduled for today to discuss our financial results has been canceled.

About Apigee

Apigee® (NASDAQ: APIC) provides a leading API platform for digital business. Many of the world's largest organizations select Apigee to power their digital business. 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

Forward-Looking Statements

This communication contains certain forward-looking statements within the meaning of the Private Securities Lititgation Reform Act of 1995 with respect to the proposed transaction and business combination between Google and Apigee.  Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual results to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect Apigee's business and the price of the common stock of Apigee, (ii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Apigee and the receipt of certain governmental and regulatory approvals, (iii) the occurrence of any event, change or other circumstance that could give rise to termination of the merger agreement, (iv) the effect of the announcement or pendency of the transaction on Apigee's business relationships, operating results, and business generally, (v) risks that the proposed transaction disrupts current plans and operations of Google or Apigee, including disruptions to relationships with customers, licensees, and other business partners of Apigee and potential difficulties in Apigee employee retention as a result of the transaction, (vi) risks related to diverting management's attention from Apigee's ongoing business operations, and (vii) the outcome of any legal proceedings that may be instituted against Google or against Apigee related to the merger agreement or the transaction.

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 May 27, 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. While Apigee may elect to update forward-looking statements at some point in the future, Apigee specifically 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, and, therefore, you should not rely on these forward-looking statements as representing Apigee's views as of any date subsequent to today.

Non-GAAP Financial Measures

Apigee provides the following non-GAAP financial measures in this release: gross billings, product gross billings, non-GAAP gross margin, 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 margin, 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. Non-GAAP net loss per share is calculated as non-GAAP net loss divided by GAAP weighted average shares outstanding, except with respect to FY 15. For FY 15, non-GAAP net loss per share is calculated as non-GAAP net loss divided by non-GAAP weighted average shares outstanding. The non-GAAP weighted average shares outstanding 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 believe that gross billings and product gross billings provide valuable insight into the sales of our solutions and the performance of our business. On certain transactions, a portion of gross billings will be recognized as revenue over a period of more than 12 months. We do not consider gross billings as a substitute for revenue recognition or revenue measurement.

Investor Relations Contact:

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

Media Contact:

press@apigee.com

Apigee Corporation

Consolidated Balance Sheets

in thousands)

   

July 31,

 

July 31,

   

2016

 

2015

   

(Unaudited)

   

Assets

       

Current assets

       

Cash and cash equivalents

 

$

68,303

   

$

89,562

 

Accounts receivable, net

 

25,958

   

21,451

 

Prepaid expenses and other current assets

 

5,092

   

5,806

 

Total current assets

 

99,353

   

116,819

 

Property and equipment, net

 

1,923

   

3,144

 

Goodwill

 

14,744

   

14,744

 

Intangible assets, net

 

2,165

   

3,200

 

Other assets

 

652

   

799

 

Total assets

 

$

118,837

   

$

138,706

 

Liabilities and stockholders’ equity

       

Current liabilities

       

Accounts payable

 

$

368

   

$

2,015

 

Accrued expenses and other current liabilities

 

11,247

   

9,796

 

Deferred revenue, current portion

 

44,833

   

35,648

 

Term debt, current portion

 

1,318

   

2,079

 

Total current liabilities

 

57,766

   

49,538

 

Non-current liabilities

       

Deferred revenue, non-current

 

9,056

   

5,154

 

Deferred rent, non-current

 

1,038

   

1,550

 

Other liabilities, non-current

 

645

   

773

 

Term debt, non-current

 

882

   

1,787

 

Total non-current liabilities

 

11,621

   

9,264

 

Total liabilities

 

69,387

   

58,802

 

Commitments and contingencies

       

Stockholders’ equity

       

Common stock

 

30

   

29

 

Additional paid-in capital

 

287,156

   

276,099

 

Accumulated deficit

 

(237,736

)

 

(196,224

)

Total stockholders’ equity

 

49,450

   

79,904

 

Total liabilities and stockholders’ equity

 

$

118,837

   

$

138,706

 

Apigee Corporation

Consolidated Statements of Comprehensive Loss

(in thousands, except per share amounts)

   

Three Months Ended
 July 31,

 

Year Ended
 July 31,

   

2016

 

2015

 

2016

 

2015

   

(Unaudited)

 

(Unaudited)

Revenue

               

License

 

$

8,582

   

$

5,538

   

$

32,345

   

$

20,757

 

Subscription and support

 

11,604

   

9,007

   

42,936

   

30,865

 

Professional services and other

 

4,930

   

4,157

   

16,746

   

16,985

 

Total revenue

 

25,116

   

18,702

   

92,027

   

68,607

 

Cost of revenue

               

License

 

136

   

128

   

521

   

514

 

Subscription and support

 

3,168

   

2,887

   

12,469

   

11,062

 

Professional services and other

 

4,007

   

3,268

   

14,535

   

13,415

 

Total cost of revenue

 

7,311

   

6,283

   

27,525

   

24,991

 

Gross profit

 

17,805

   

12,419

   

64,502

   

43,616

 

Operating expenses

               

Research and development

 

10,281

   

8,435

   

37,795

   

30,387

 

Sales and marketing

 

12,166

   

12,937

   

50,178

   

49,250

 

General and administrative

 

4,963

   

3,450

   

17,436

   

13,453

 

Total operating expenses

 

27,410

   

24,822

   

105,409

   

93,090

 

Loss from operations

 

(9,605

)

 

(12,403

)

 

(40,907

)

 

(49,474

)

Other income (expense), net

 

11

   

(69

)

 

(390

)

 

(452

)

Loss before provision for income taxes

 

(9,594

)

 

(12,472

)

 

(41,297

)

 

(49,926

)

Provision for income taxes

 

(65

)

 

84

   

215

   

427

 

Net loss and comprehensive loss

 

$

(9,529

)

 

$

(12,556

)

 

$

(41,512

)

 

$

(50,353

)

Net loss per share:

               

Basic and diluted

 

$

(0.32

)

 

$

(0.43

)

 

$

(1.39

)

 

$

(4.73

)

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

 

 

           

Basic and diluted

 

30,211

   

29,313

   

29,769

   

10,651

 

Apigee Corporation

Consolidated Statements of Cash Flows

(in thousands)

   

Three Months Ended
 July 31,

 

Year Ended
 July 31,

   

2016

 

2015

 

2016

 

2015

   

(Unaudited)

 

(Unaudited)

Cash flows from operating activities

               

Net loss

 

$

(9,529

)

 

$

(12,556

)

 

$

(41,512

)

 

$

(50,353

)

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

               

Depreciation and amortization

 

611

   

627

   

2,401

   

2,436

 

Provision for doubtful accounts

 

(80

)

 

4

   

(14

)

 

42

 

Amortization of debt discount

 

14

   

8

   

39

   

46

 

Deferred income taxes

 

   

   

   

 

Stock-based compensation expense

 

3,010

   

1,182

   

8,388

   

3,451

 

Loss (gain) on disposal of fixed assets

 

   

10

   

   

10

 

Loss on lease abandonment

 

   

   

   

 

Changes in operating assets and liabilities

               

Accounts receivable

 

1,638

   

(5,363

)

 

(4,493

)

 

(5,090

)

Prepaid expenses and other assets

 

(259

)

 

(1,771

)

 

841

   

(1,733

)

Accounts payable

 

(152

)

 

433

   

(1,400

)

 

(996

)

Accrued expenses, other liabilities and deferred rent

 

(810

)

 

1,131

   

968

   

2,209

 

Deferred revenue

 

2,979

   

2,422

   

13,087

   

12,611

 

Net cash used in operating activities

 

(2,578

)

 

(13,873

)

 

(21,695

)

 

(37,367

)

Cash flows from investing activities

               

Purchase of property and equipment

 

(105

)

 

(131

)

 

(241

)

 

(966

)

Net cash used in investing activities

 

(105

)

 

(131

)

 

(241

)

 

(966

)

Cash flows from financing activities

               

Proceeds from issuance of debt, net of issuance costs

 

   

   

2,648

   

4,000

 

Repayments of debt obligations

 

(331

)

 

(524

)

 

(4,489

)

 

(5,382

)

Proceeds from initial public offering, net of offering costs

 

   

   

(152

)

 

77,092

 

Payment of deferred costs related to initial public offering

 

   

(1,172

)

     

 

Repurchase of Series G-1 convertible preferred stock

         

(18

)

   

Cash paid for fractional shares

 

(18

)

 

(8

)

 

   

(8

)

Distribution of vested Restricted stock units (net)

         

(531

)

   

Taxes paid related to net share settlement of equity awards

 

(531

)

 

     

 

Proceeds from exercise of stock options, net of taxes paid

 

555

   

25

   

1,162

   

434

 

Proceeds from issuance of Employee Stock Purchase Plan shares

 

1,096

   

   

2,057

   

 

Net cash provided by (used in) financing activities

 

771

   

(1,679

)

 

677

   

76,136

 

Net increase (decrease) in cash and cash equivalents

 

(1,912

)

 

(15,683

)

 

(21,259

)

 

37,803

 

Cash and cash equivalents

               

Beginning of period

 

70,215

   

105,245

   

89,562

   

51,759

 

End of period

 

68,303

   

89,562

   

68,303

   

89,562

 

Apigee Corporation

Reconciliation of GAAP to Non-GAAP Financial Measures

(in thousands, except per share amounts)

   

Three Months Ended
 July 31,

 

Year Ended
 July 31,

   

2016

 

2015

 

2016

 

2015

Gross billings

               

Total revenue

 

$

25,116

   

$

18,702

   

$

92,027

   

$

68,607

 

Total deferred revenue, end of period

 

53,889

   

40,802

   

53,889

   

40,802

 

Less: Total deferred revenue, beginning of period

 

(50,909

)

 

(38,379

)

 

(40,802

)

 

(28,190

)

Total change in deferred revenue

 

2,980

   

2,423

   

13,087

   

12,612

 

Gross billings

 

$

28,096

   

$

21,125

   

$

105,114

   

$

81,219

 

Product gross billings

               

License

 

$

8,582

   

$

5,538

   

$

32,345

   

20,757

 

Subscription and support

 

11,604

   

9,007

   

42,936

   

30,865

 

Total product revenue

 

20,186

   

14,545

   

75,281

   

51,622

 

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

 

45,492

   

36,638

   

45,492

   

36,638

 

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

 

(43,177

)

 

(34,749

)

 

(36,638

)

 

(24,848

)

Total change in license, subscription and support
deferred revenue

 

2,315

   

1,889

   

8,854

   

11,790

 

Product gross billings

 

$

22,501

   

$

16,434

   

$

84,135

   

$

63,412

 

Non-GAAP gross margin

               

Gross margin

 

70.9

%

 

66.4

%

 

70.1

%

 

63.6

%

Add: Stock-based compensation expense

 

0.8

%

 

0.5

%

 

0.7

%

 

0.4

%

Add: Amortization of intangible assets

 

1.0

%

 

1.2

%

 

1.0

%

 

1.3

%

Non-GAAP gross margin

 

72.7

%

 

68.1

%

 

71.8

%

 

65.3

%

Non-GAAP license gross profit:

               

License gross profit

 

$

8,446

   

$

5,410

   

$

31,824

   

$

20,243

 

License gross margin

 

98.4

%

 

97.7

%

 

98.4

%

 

97.5

%

Add: Amortization of intangible assets

 

121

   

114

   

463

   

454

 

Non-GAAP license gross profit

 

$

8,567

   

$

5,524

   

$

32,287

   

$

20,697

 

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

 

$

8,436

   

$

6,120

   

$

30,467

   

$

19,803

 

Subscription and support gross margin

 

72.7

%

 

67.9

%

 

71.0

%

 

64.2

%

Add: Stock-based compensation expense

 

33

   

23

   

147

   

44

 

Add: Amortization of intangible assets

 

121

   

113

   

460

   

454

 

Non-GAAP subscription and support gross profit

 

$

8,590

   

$

6,256

   

$

31,074

   

$

20,301

 

Non-GAAP subscription and support gross margin

 

74.0

%

 

69.5

%

 

72.4

%

 

65.8

%

Non-GAAP professional services and other
gross profit:

               

Professional services and other gross profit

 

$

923

   

$

889

   

$

2,211

   

$

3,570

 

Professional services and other gross margin

 

18.7

%

 

21.4

%

 

13.2

%

 

21.0

%

Add: Stock-based compensation expense

 

192

   

78

   

520

   

223

 

Non-GAAP professional services and other
gross profit

 

$

1,115

   

$

967

   

$

2,731

   

$

3,793

 

Non-GAAP professional services
and other gross margin

 

22.6

%

 

23.3

%

 

16.3

%

 

22.3

%

Non-GAAP research and development expense:

               

GAAP research and development expense

 

$

10,281

   

$

8,435

   

$

37,795

   

$

30,387

 

Less: Stock-based compensation expense

 

(1,457

)

 

(436

)

 

(3,592

)

 

(1,195

)

Less: Amortization of intangible assets

 

(6

)

 

(44

)

 

(112

)

 

(176

)

Non-GAAP research and development expense

 

$

8,818

   

$

7,955

   

$

34,091

   

$

29,016

 

Non-GAAP sales and marketing expense:

               

GAAP sales and marketing expense

 

$

12,166

   

$

12,937

   

$

50,178

   

$

49,250

 

Less: Stock-based compensation expense

 

(583

)

 

(285

)

 

(1,808

)

 

(777

)

Less: Amortization of intangible assets

 

   

   

   

(58

)

Non-GAAP sales and marketing expense

 

$

11,583

   

$

12,652

   

$

48,370

   

$

48,415

 

Non-GAAP general and administrative expense:

               

GAAP general and administrative expense

 

$

4,963

   

$

3,450

   

$

17,436

   

$

13,453

 

Less : Stock-based compensation expense

 

(745

)

 

(360

)

 

(2,321

)

 

(1,212

)

Non-GAAP general and administrative expense

 

$

4,218

   

$

3,090

   

$

15,115

   

$

12,241

 

Non-GAAP operating loss:

               

Operating loss

 

$

(9,605

)

 

$

(12,403

)

 

$

(40,907

)

 

$

(49,474

)

Add: Stock-based compensation expense

 

3,010

   

1,182

   

8,388

   

3,451

 

Add: Amortization of intangible assets

 

248

   

271

   

1,035

   

1,142

 

Non-GAAP operating loss

 

$

(6,347

)

 

$

(10,950

)

 

$

(31,484

)

 

$

(44,881

)

Non-GAAP net loss:

               

Net loss

 

$

(9,529

)

 

$

(12,556

)

 

$

(41,513

)

 

$

(50,353

)

Add: Stock-based compensation expense

 

3,010

   

1,182

   

8,388

   

3,451

 

Add: Amortization of intangible assets

 

248

   

271

   

1,035

   

1,142

 

Non-GAAP net loss

 

$

(6,271

)

 

$

(11,103

)

 

$

(32,090

)

 

$

(45,760

)

Non-GAAP net loss per share:

               

  GAAP net loss per share

 

$

(0.32

)

 

$

(0.43

)

 

$

(1.39

)

 

$

(4.73

)

  Non-GAAP adjustments to net loss per share

 

0.11

   

0.05

   

0.32

   

0.43

 

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

       

2.49

  Non-GAAP net loss per share

 

$

(0.21

)

 

$

(0.38

)

 

$

(1.08

)

 

$

(1.81

)

Non-GAAP weighted average shares outstanding:

               

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

 

$

30,211

 

 

$

29,313

 

 

$

29,769

 

 

$

10,651

 

Add: Conversion of preferred convertible stock

 

   

   

   

14,665

 

Non-GAAP Weighted-average shares
outstanding used in calculating net loss per share,

 

30,211

   

29,313

   

29,769

   

25,316

 

 

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    Apigee Enters Definitive Agreement to be Acquired by Google

    Joining forces to empower digital business with APIs and open cloud technologies

    SAN JOSE, Calif. — Sept. 8, 2016 —  Apigee® (NASDAQ: APIC), the API company, today announced that it has entered into a definitive agreement under which Google will acquire Apigee for $17.40 per share in cash, for a total value of approximately $625 million. The transaction is subject to the satisfaction of customary closing conditions, including Apigee stockholder approval and applicable regulatory approvals. The companies expect the transaction to close by the end of 2016.

    “We’re excited about adding Apigee to Google,” said Diane Greene, SVP of Google’s cloud businesses. “Companies are moving beyond the traditional ways of communicating like phone calls and visits and instead are communicating programmatically through APIs. APIs allow the company’s backend services to talk to the mobile and web-based apps used by their customers and partners. Instead of the doctor phoning a prescription into the pharmacy, they can use an app that talks to the pharmacy through an API. Apigee easily enables this by providing a comprehensive API platform that supports secure, stable, multi-language, dev, test, publish and analytics capabilities.”

    Chet Kapoor, Apigee CEO said: “We've entered a new era of cloud computing, where enterprises are increasingly running business-critical applications in the cloud – and across multiple clouds. Google is the open cloud provider committed to delivering new software for not only hybrid-cloud environments, but also for the multi-cloud world.” Kapoor continued, “With their history of innovation in web and mobile technologies, we believe Google is the partner for companies embarking on digital transformation. We look forward to being able to accelerate our mission to connect the world through APIs as part of the Google team.”

    Additional Information

    A blogpost from Diane Greene, Senior Vice President of Google’s cloud businesses is available here.

    A blogpost from Apigee CEO Chet Kapoor and an FAQ is available here.

     

    About Apigee

    Apigee® (NASDAQ: APIC) provides a leading API platform. Many of the world's largest organizations select Apigee to enable their digital business. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. For more information, go to http://apigee.com.

    Connect with Apigee

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

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

    Twitter: https://twitter.com/apigee

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

    Apigee is a registered trademark in the U.S. All other trademarks mentioned herein are property of their respective owners.

    Additional Information and Where to Find It

    In connection with the transaction, Apigee (the “Company”) intends to file relevant materials with the Securities and Exchange Commission (the “SEC”), including a preliminary proxy statement on Schedule 14A. Promptly after filing its definitive proxy statement with the SEC, the Company will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the transaction. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE TRANSACTION. The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the transaction (when they become available), and any other documents filed by the Company with the SEC, may be obtained free of charge at the SEC’s website (http://www.sec.gov) or through the investor relations section of the Company’s website (http://investors.Apigee.com).

    Participants in the Solicitation

    Apigee and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Apigee’s stockholders with respect to the transaction.  Information about Apigee’s directors and executive officers and their ownership of Apigee’s Common Stock is set forth in Apigee’s proxy statement on Schedule 14A filed with the SEC on November 25, 2015. Information regarding the identity of the potential participants, and their direct or indirect interests in the transaction, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the transaction.

    Forward-Looking Statements

    This communication contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the proposed transaction and business combination between Google and Apigee, including statements regarding the benefits of the transaction, the anticipated timing of the transaction and the products and markets of each company. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect Apigee’s business and the price of the common stock of Apigee, (ii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Apigee and the receipt of certain governmental and regulatory approvals, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the transaction on Apigee’s business relationships, operating results, and business generally, (v) risks that the proposed transaction disrupts current plans and operations of Google or Apigee, including disruptions to relationships with customers, licensees, and other business partners of Apigee and potential difficulties in Apigee employee retention as a result of the transaction, (vi) risks related to diverting management’s attention from Apigee’s ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against Google or against Apigee related to the merger agreement or the transaction, (viii) the ability of Google to successfully integrate Apigee’s operations, product lines, and technology within the expected time-line or at all, and (ix) the ability of Google to implement its plans, forecasts, and other expectations with respect to Apigee’s business after the completion of the proposed merger and realize additional opportunities for growth and innovation.

    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 May 27, 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. While Apigee may elect to update forward-looking statements at some point in the future, Apigee specifically 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, and, therefore, you should not rely on these forward-looking statements as representing Apigee’ views as of any date subsequent to today.

     

    # # #

     

    Press Contacts:

    press@google.com

    press@apigee.com

     

    Apigee Investor Contact:

    Kevin Faulkner

    kfaulkner@apigee.com

    (408) 816-1658

     

     

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      Leading Supplier of Commercial Data & Analytics Leveraging Apigee to Deliver Business Intelligence Faster

       

      Dun & Bradstreet using Apigee API management for its API-powered D&B Direct+ Platform

       

      SAN JOSE, Calif. –  Apigee® (NASDAQ: APIC), the API company, today revealed that Dun & Bradstreet is leveraging the Apigee Edge API management software to help deliver API-powered business intelligence to Dun & Bradstreet customers, faster.

       

      Dun & Bradstreet selected Apigee API management for building and powering D&B Direct+, the latest version of the company’s web services platform that leverages D&B APIs to deliver new business intelligence to Dun & Bradstreet customers. D&B Direct+ empowers customers to stream and integrate reliable, on-demand business information from Dun & Bradstreet into enterprise-wide systems such as customer relationship management (CRM) systems, corporate intranets and web applications.

       

      The Apigee Edge API management software helps D&B Direct+ rapidly deliver business data to customers. Most D&B Direct+ customers can garner requested data in milliseconds, enabling them to quickly address information management challenges, identify and act on emerging business opportunities. As an example, insurance companies that are pricing their policies online can now quickly access and utilize Dun & Bradstreet’s automatic workflow reference data for real-time pricing comparisons.

       

      “In today’s hyper-connected world, data providers need to keep up with their customers’ demands for real-time access to business intelligence to help inform crucial business decisions,” said Ed Anuff, Apigee senior vice president of strategy. “Through their use of Apigee Edge API management software, we are proud to support Dun & Bradstreet’s digital innovation and enable new growth opportunities for their customers.”

       

      Apigee’s flagshship Apigee Edge API management software enables organizations to securely deliver and manage APIs, with agility and at scale. Apigee Edge is part of the Apigee 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 a leading API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including more than 30 percent of the Fortune 100, four of the top five 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. 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

       

      ###

       

      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

       

       

       

       

       

      Share this press release

        Apigee Delivers New Business APIs for Digital Commerce

         

        Apigee Commerce APIx Can Help Companies Rapidly Mobilize And Engage Users Across Channels

         

        SAN JOSE, Calif. —   Apigee® (NASDAQ: APIC), the API company, today announced Apigee Commerce APIx, a new software accelerator designed to help companies selling products online jump-start their API-powered digital commerce initiatives. Built on Apigee Edge, a leading API management platform, Apigee Commerce APIx features a set of open-source, ready-to-use digital commerce APIs and a purpose-built developer portal to help retailers or any other company quickly build a modern digital commerce program. Apigee Commerce APIx adds another key offering to Apigee’s APIx family, a suite of industry-specific business APIs. 

         

        “There’s increasing pressure today for companies to quickly adapt to demand for digital experiences -- or risk becoming irrelevant. Our Commerce APIx solution provides a head start for companies looking to expand, build or accelerate their e-commerce initiatives,” Anurag Wadehra, Apigee CMO and vice president, solutions.

         

        “In every industry, there are APIs that are proving to have real business impact – and Apigee Commerce APIx delivers the core set of APIs that we believe can help companies quickly build modern, cross-channel commerce applications,” continued Wadehra.

         

        Many retailers are focusing on leveraging APIs to offer customers instant, personalized engagement through multiple online and physical channels.  Today, four of the top five largest retailers in the world[1] leverage Apigee to help them manage, secure and scale their API programs.

         

        Kristopher Kleva, technical lead for e-commerce at outdoor and clothing retailer L.L. Bean, noted, “The escalating competition in e-commerce means we all must adapt - fast.  We are focusing on our core commerce APIs to deliver rich digital experiences that our customers expect and demand. We started over one hundred years ago as a mail-order and retail pioneer, and now we’re proud to be seen as a digital pioneer – and Apigee is helping us do this.”

         

        Apigee and L.L. Bean Webcast – Aug. 25

        Apigee is teaming up with Kleva to host a webcast to showcase the importance of retail APIs, provide tips to accelerate e-commerce initiatives, and demonstrate Apigee’s Commerce APIx solution. The webcast, L.L.Bean’s API Journey: Digital Commerce Done Right, will take place on Aug. 25, 2016 at 10:00 a.m. Pacific time.

         

        Apigee Commerce APIx leverages Apigee Edge, Apigee’s flagship product and leading API management software. It provides business APIs that help brands build rich e-commerce experiences, connect with users on mobile and social channels, and help create customer loyalty. The Apigee Commerce APIx solution will provide digital teams, including mobile and web developers, with access to capabilities including:

        • A commerce-specific developer portal with API documentation and tools;
        • A collection of pre-configured API proxies for commerce APIs that support core retail functions, including categories like Core (authentication, product, collection search and cart), Engagement (promotions, recommendations and personalized product search) and Fulfillment;
        • Commerce APIs that can be consumed by mobile apps, web apps and other APIs, built in a RESTful architectural style with data represented in JSON.

         

        Apigee Commerce APIx delivers the benefits of the Apigee Edge API management platform, including API security, API analytics, and developer on-boarding capabilities. For more information about Apigee Commerce APIx, go to http://apigee.com/about/solutions/commerce-apix.

         

        About Apigee

        Apigee® (NASDAQ: APIC) provides a leading API platform. Many of the world's largest organizations select Apigee to enable their digital business, including more than 30 percent of the Fortune 100, four of the top five 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. For more information, go to http://apigee.com.

         

        Safe Harbor Statement

        This press release contains forward-looking statements, including statements regarding the expected need for enterprises to offer digital experiences and the potential future customer benefits of using Apigee’s products. 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 introducing new products successfully; 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 May 27, 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. All other trademarks mentioned herein are property of their respective owners.

        # # #

         

        Media Contact:

        press@apigee.com

         



        [1] Forbes Global 2000, 2016: http://www.forbes.com/pictures/flhm45edljh/wal-mart-dominates-but-a/#6ba430b97cdc

         

         

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          Apigee Announces Date of Fourth Quarter and Fiscal 2016 Financial Results Conference Call

          SAN JOSE, Calif., Aug. 16, 2016 (GLOBE NEWSWIRE) -- Apigee (NASDAQ:APIC), the API company, announced that it will report its financial results for the fourth quarter and fiscal year ended July 31, 2016 after market close on Wednesday, September 14, 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 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 September 21, 2016 by dialing 1-877-870-5176 from the United States or 1-858-384-5517 internationally, with recording access code 13642878.

          About Apigee

          Apigee® (NASDAQ:APIC) provides a leading API platform for digital business. Many of the world's largest organizations select Apigee to power their digital business, including over 30 percent of the Fortune 100, four of the top five 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.

          Media contact:

          press@apigee.com

          
          
          

          Share this press release

            Apigee Powering Accuweather APIs to Help Developers Quickly Build Apps with Innovative Weather Experiences

             

            AccuWeather Selects Apigee API Management for its New Self-Service Developer Portal 

             

            SAN JOSE, Calif. - Aug. 11, 2016 - Apigee® (NASDAQ: APIC), the API company, today announced that AccuWeather, a global weather information and digital media leader, has selected the Apigee Edge API management software to support AccuWeather’s new API Developer Portal, Accuweather APIs.  The self-service portal gives software developers immediate, easy access to AccuWeather’s APIs to develop custom applications that integrate the power of AccuWeather’s big weather data and services, including detailed weather conditions and forecasts with Superior Accuracy™, in order to drive business results. The portal is designed to benefit software developers in small businesses and startups, creating opportunities to build apps with innovative weather experiences.

            “Small businesses told us the many ways they would benefit from AccuWeather’s proprietary APIs available through a personalized self-service experience,” said AccuWeather Senior Technical Account Manager Mark Iannelli. “And we listened.”

            AccuWeather leader Chris Patti, chief technology officer, said, “With Apigee’s strategic guidance and comprehensive API management software, we were able to design, develop, and launch our new Developer API site to access our industry-leading APIs in a few short weeks.  The portal also provides high levels of flexibility to customize API content within hours, enabling AccuWeather to quickly respond and adapt the site to meet our clients’ needs.”

            AccuWeather provides hourly and minute-by-minute forecasts every day for over 1.5 billion people worldwide, serving over 15 billion data requests per day worldwide. The new Accuweather API Developer Portal empowers small businesses, startups, and independent developers to use the power of AccuWeather data to build unique, innovative weather experiences. Portal users can quickly and easily access and leverage AccuWeather’s API endpoints, including Locations, Current Conditions, Daily and Hourly Forecasts, and Weather Alarms, within their own applications. Easy demo sign-ups and a full self-service site make the integrations an easy, way  to drive fast results. 

             

            Apigee Edge is comprehensive, enterprise-grade API management software that empowers organizations like AccuWeather to securely deliver and manage APIs and API traffic at scale. Apigee Edge includes full lifecycle API management capabilities including API gateway; developer portal; API, app and developer analytics; global policy enforcement; multi-tenancy support for high scale, and more.

             

            “AccuWeather’s new developer portal is an excellent example of how organizations are leveraging APIs to rapidly broaden their market reach on a global scale,” said Ed Anuff, senior vice president of strategy at Apigee. “We have found that developers are increasingly demanding a self-service online experience, and AccuWeather’s portal seamlessly delivers this. We are proud to partner with AccuWeather – recently recognized as the most accurate source of weather forecasts and warnings in the world - to help them create and manage new ways to support client needs through API innovation.”

             

            Register today for the ‘Adapt or Die’ World Tour – Starting Sept. 27 in SF

             

            Apigee’s ‘Adapt or Die’ World Tour  – a series of digital business how-to events held in major cities across the globe – starts on September 27 in San Francisco. Adapt or Die events are content-rich, one-day conferences focused on #DigitalKnowHow and designed to deliver unprecedented levels of expertise and information on how businesses can leverage APIs to adapt and thrive in today’s rapidly evolving digital world. A highlight of the San Francisco event will be the premier of Adapt or Die: an exciting and unexpected action adventure film about the promise and peril digital disruption.

             

            To register for the Adapt or Die event in San Francisco today, go to adapt.apigee.com.

             

            About Apigee

            Apigee® (NASDAQ: APIC) provides a leading API platform. Many of the world's largest organizations select Apigee to enable their digital business, including over 30 percent of the Fortune 100, four of the top five 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.

             

            About AccuWeather, Inc. and AccuWeather.com

            Every day over 1.5 billion people worldwide rely on AccuWeather to help them plan their lives, protect their businesses, and get more from their day. AccuWeather provides hourly and Minute by Minute™ forecasts with Superior Accuracy™ with customized content and engaging video presentations available on smartphones, tablets, free wired and mobile Internet sites, connected TVs, and Internet appliances, as well as via radio, television, and newspapers. Established in 1962 by Founder, President, and Chairman Dr. Joel N. Myers – a Fellow of the American Meteorological Society who was recognized as one of the top entrepreneurs in American history by Entrepreneur Magazine’s Encyclopedia of Entrepreneurs – AccuWeather also delivers a wide range of highly-customized enterprise solutions to media, business, government, and institutions, as well as news, weather content, and video for more than 180,000 third-party websites. AccuWeather’s CEO, Barry Lee Myers, is an award winning leader in global weather information issues and one of the world’s most recognized advocates for cooperative relationships between government weather agencies and the weather industry. He is a leader in the digital weather information space.

             

            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 AccuWeather. 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 May 27, 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 atwww.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: https://blog.apigee.com/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

             

             

             

             

            Share this press release

              Apigee and Pivotal Extend Integration to Deliver Unified API and Microservices Management for Pivotal Cloud Foundry Applications

               

              Apigee’s Capability for Managing Microservices Now Supported in Pivotal’s Cloud Native Platform

               

              SPRINGONE PLATFORM, LAS VEGAS, NEV. – Apigee® (NASDAQ: APIC), the API company, and Pivotal®, a company accelerating digital transformation and modern application development for enterprises, today announced that the Microgateway capability in the Apigee Edge API management software is now supported by Pivotal Cloud Foundry®. With this extension of the Apigee-Pivotal integration, developers can more easily leverage Apigee’s API management software to share, monitor and secure APIs and microservices for applications developed with Pivotal’s cloud native platform.

              Apigee will be demonstrating the Apigee Edge Microgateway capability with Pivotal Cloud Foundry at the SpringOne Platform conference today in the session titled, “Publish, Secure, and Monitor APIs with Cloud Foundry Route Services,” presented by Apigee’s Ed Anuff and Carlos Eberhardt.

              “Enterprises are struggling with the complexity of a microservices architecture. Hands down the most challenging aspect of managing microservices is the sheer scale of inter-microservices communication. The hub-and-spoke model of managing inter-services communication from legacy ESB vendors simply cannot scale,” said Ed Anuff, Apigee vice president of strategy.

              “Developers need a common and consistent way for managing the communications between their cloud native platform workloads as microservices as well as sharing and reusing these more broadly in the form of published and managed APIs. We believe that this is a unique solution for building and managing APIs at cloud scale in a widely used enterprise cloud native platform,” Anuff continued.

              The Apigee Edge Microgateway capability empowers businesses to optimize the performance, availability and capacity of their API systems by providing a hybrid cloud deployment option for the Apigee Edge API management platform. The Apigee Edge Microgateway architecture delivers security and key features such as spike arrest, quota, and analytics, but with a smaller footprint than the full Apigee Edge platform. It can also help simplify deployment, reduce latency, and improve the performance of API programs powered by Apigee Edge software.

              While Pivotal Cloud Foundry already provides tools for developers to build and deploy APIs and microservices, the integration of the Apigee Edge Microgateway solution empowers them to more easily share and monitor these APIs and microservices. It does this by providing developers with uniform access control and traffic management, as well as automatically collecting the data surrounding the APIs and microservices and making it available in Apigee Edge. In addition to gaining more visibility into the health and security of APIs being exposed to the outside world, this latest enhancement to the Pivotal-Apigee integration also provides developers with insights into APIs being exposed to other apps within Pivotal Cloud Foundry.


              "Apigee's comprehensive approach to API management will have a huge impact on companies that transition to microservices," said James Watters, senior vice president, Products at Pivotal. "Combining Apigee Microgateway with Pivotal's cloud-native platform helps companies quickly deliver secure, maintainable microservices at cloud scale."

              The Apigee Edge Microgateway capability integrated with Pivotal Cloud Foundry is available today for Apigee-Pivotal joint customers. It will be more widely available later this year.  

               

              Related links:

              Apigee and Pivotal Team Up (press release)

              Pivotal Cloud Foundry and Apigee (overview)

              Apigee and Pivotal Cloud Foundry (blog post)

               

              About Apigee

              Apigee® (NASDAQ: APIC) provides a leading cloud native API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 33 percent of the Fortune 100, four of the top five 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.

               

              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

               

              About Pivotal

              Pivotal’s Cloud Native platform drives software innovation for many of the world’s most admired brands. With millions of developers in communities around the world, Pivotal technology touches billions of users every day. After shaping the software development culture of Silicon Valley's most valuable companies for over a decade, today Pivotal leads a global technology movement transforming how the world builds software.

              ###


              ©2016 Pivotal Software, Inc. All rights reserved. Pivotal and Pivotal Cloud Foundry are trademarks and/or registered trademarks of Pivotal Software, Inc. in the United States and/or other countries.  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.
               

              Safe Harbor Statement


              This press release contains forward-looking statements, including statements regarding the availability and planned functionality, adoption and implementation of Apigee products and the potential future impact and benefits to customers of using them, potential future customer opportunities and opportunities between Apigee and Pivotal. 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 May 27, 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 Media Contact:
               
              press@apigee.com
              415-275-6249
               

               

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                Apigee Extends API Monetization for B2B Businesses

                 

                MapQuest Leveraging Apigee to Help Maximize the Value of its Digital Assets with Both Developers and Enterprise Customers


                SAN JOSE, Calif. – Apigee, the API company, today announced that the Apigee Edge API management software delivers new capabilities to help businesses monetize API programs with a wider ecosystem of API users, from individual app developers to large enterprise customers. Apigee Edge now supports enterprise-grade API monetization models appropriate for large enterprise customers that may have complex on-boarding logistics from legacy vendor systems, customized contracts, and massive API volumes.

                “APIs have become a competitive advantage for many enterprises, such as MapQuest. Finding the right API commerce solution is important for all companies to deliver more effective and lucrative business models for their API ecosystems, as we identified while working with MapQuest. Models like revenue sharing or pay-by-performance can go a long way in attracting and keeping developers, and we are now extending our monetization capabilities to serve the requirements of big businesses consuming APIs,” said Anant Jhingran, Apigee CTO.


                API Monetization: No One-Size-Fits-All

                Apigee Edge’s API monetization capabilities are designed to help companies maximize the business value and foster rapid growth of their digital programs. With Apigee, customers can manage the end-to-end process of monetizing APIs – including creating rate plans, managing limits and notifications, configuring reports and billing documents, and delivering a developer portal to maximize API program value.

                With the enhancements announced today, the monetization capabilities in Apigee Edge enable businesses to deploy API commerce solutions appropriate for companies with complex business-to-business (B2B) business models. Key new monetization capabilities in Apigee include:

                 

                •     Partner and API traffic on-boarding: This new capability enables Apigee customers to move traffic from existing in-house and legacy vendor systems with little to no downtime, easily transfer previous API usage state, and expose monetized API traffic on Apigee.
                •     Custom rate plans: This feature provides a simple interface to enable companies to manage API rate plans with custom properties, such as API quotas shared by multiple developers within the same company.
                •     Generic notifications with guaranteed delivery: With Apigee’s new Webhook-based notifications feature, customers can set up automatic delivery of rate plan limit notifications to their in-house notification systems. Users can register an in-house notification system with Apigee, and notifications will be delivered and retried for delivery in case of network issues.  



                MapQuest Extending Value of its APIs with Apigee Monetization

                MapQuest, one of the most recognized mapping brands, benefits from a large ecosystem of software developers, from businesses big and small, that use its APIs to build and run apps that use MapQuest data, such as its geolocation and mapping services.

                Apigee Edge and the Apigee Edge monetization capability have helped MapQuest better manage their B2B business. Apigee Edge has enabled MapQuest to offer their products via a virtual, self-service storefront. They can now more effectively manage and cater to a wider range of customers with varying needs, regardless of application type, user base, or stage of development.

                The monetization capability in Apigee Edge appealed to MapQuest's enterprise-level customers. With the ability to customize their interaction with the platform, MapQuest has created an improved customer experience by quickly serving pertinent information to customers regarding their contracts. Now all of MapQuest’s API traffic passing through Apigee is automatically analyzed for the appropriate micro-charge stipulated by the customers’ contract. Enterprise customers receive email notifications once they've reached a specified percentage of their contract quota, giving them the tools to make decisions about their usage and contract needs and making for a better overall customer experience. Internally, MapQuest is now able to make better, data-driven decisions based off of the traffic they send through Apigee.

                “API ecosystems are getting bigger, more complex and more business-critical,” said Jennifer Kinney, chief technology officer and vice president of engineering at MapQuest. “It’s important that businesses have the freedom to deploy many different ways to orchestrate value creation through APIs. Apigee’s monetization capabilities provide the flexibility and agility to allow API providers to quickly determine and execute on the right business strategy for their digital initiatives.”


                The Apigee Edge platform is an enterprise-grade API management platform that empowers organizations like MapQuest to securely deliver and manage APIs and API traffic at scale. In addition to API monetization, Apigee Edge includes comprehensive API management capabilities including API gateway, developer portal, analytics, multi-tenancy support for high scale, and much more.


                The Apigee Edge API management software is part of Apigee’s enterprise-grade API platform, which also includes Apigee Insights, an API-based, self-service predictive analytics solution; Apigee Link, an API-first Internet of Things (IoT) product for connecting devices to the Internet; and Apigee Sense, an intelligent API security product.



                About Apigee

                Apigee® (NASDAQ: APIC) provides a leading API platform for digital business. Many of the world's largest organizations select Apigee to power their digital business, including 33 percent of the Fortune 100, four of the top five 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.


                Safe Harbor Statement


                This press release contains forward-looking statements, including statements regarding the launching of and planned functionality, adoption and implementation of products developed by Apigee; the potential future customer benefits of using Apigee technology; the market adoption of digital technologies; planned customer adoption and implementation of Apigee’s products; and potential future customer opportunities and opportunities between Apigee and MapQuest. 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 May 27, 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.

                About MapQuest

                MapQuest, an innovator in the digital mapping industry, continues to be one of the leading mapping brands, reaching more than 42 million multi-platform users around the world.* We enable everyday explorers to find, learn about and locate their desired destinations and we work with businesses to build great location-based experiences. We work with our clients to provide access to innovative products and solutions to help them address rapidly changing demands and trends. MapQuest, Inc., a wholly owned subsidiary of AOL Inc., is based in Denver, Colo. For more information, please visit http://www.mapquest.com or https://developer.mapquest.com. Join the conversation on Twitter (@MQDeveloper).


                *According to comScore Multi-Platform Worldwide Audience Custom Report, Avg. Jan15-Dec'15


                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

                # # #


                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

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                  Apigee Joins Cloud Native Computing Foundation

                   

                  API Management Leader Joins Open Source Organization to Help Advance the Development of Cloud Native Technology and Services

                   

                  SAN JOSE, Calif., – Apigee® (NASDAQ: APIC), the API company, today announced that it has joined the Cloud Native Computing Foundation (CNCF), a Linux foundation project and organization dedicated to advancing the development of cloud native technology and services. Apigee develops a leading API management platform designed for building and managing modern, cloud native applications.

                   

                  “We are committed to helping enterprises adapt and thrive in today’s connected economy by powering the APIs that are key to ‘built for the cloud’ applications. Kubernetes is being deployed by many of Apigee’s customers. Our participation in the Cloud Native Computing Foundation gives us the opportunity to work with other companies to help shape the direction of API features and functionality in Kubernetes and other container and cloud technologies,” said Ed Anuff, Apigee senior vice president of strategy.

                  A core contributor to the OpenAPI foundation, Apigee plans to contribute to the CNCF community by providing input on how OpenAPI (also known as Swagger) can be used within cloud native applications. Many of Apigee's enterprise customers run API workloads in public and/or private clouds, and Apigee will bring to the CNCF a perspective on enterprise experiences for building and operating APIs in public and hybrid cloud scenarios.

                  “We are thrilled to welcome Apigee as our newest member of CNCF,” said Dan Kohn, executive director of the Cloud Native Computing Foundation. “The company’s dedication to advancing the development of cloud native technologies is an exciting addition to our growing community.”

                  The Apigee Edge API management software is part of Apigee’s cloud native API platform, which also includes Apigee Insights, an API-based, self-service predictive analytics solution; Apigee Link, an API-first Internet of Things (IoT) product for connecting devices to the Internet; and Apigee Sense, an intelligent API security product.

                  In addition to its enterprise-grade API platform, Apigee delivers a robust set of developer tools for building and managing APIs. Developers can take advantage of open source components for building production-grade APIs such as OpenAPI specification (formerly known as Swagger).  Apigee API BaaS (backend-as-a-service) gives app developers a set of out-of-the-box APIs for common features such as NoSQL persistence. Combined with Apigee’s Node.js runtime and tools, Apigee’s developer tools can deliver what developers need to quickly build well-designed APIs.

                  Apigee contributes to a number of organizations that promote the advancement of and ecosystems around open source projects.  In addition to the CNCF, today Apigee is a member of the Open API Foundation, the Cloud Foundry Foundation, and the Node Foundation. The company also contributes to the Usergrid project at the Apache Foundation.

                   

                  About Apigee

                  Apigee® (NASDAQ: APIC) provides a leading cloud native API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 33 percent of the Fortune 100, four of the top five 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.

                   

                  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

                   

                  ###

                   

                  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

                   

                   

                   

                   

                   

                   

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                    Apigee Helping Kao Sales Teams ‘Look Good’ When Visiting Salons

                    Forbes Global 2000 Company Leveraging Apigee API Management to Arm its Sales Representatives with Data – Creating Premium Beauty Experience

                     

                    SAN JOSE, Calif.,  – Apigee® (NASDAQ: APIC), the API company, today announced that Kao Corporation, a leading global manufacturer of premium beauty care brands like Jergens®, John Frieda® and Goldwell®, has selected the Apigee Edge API management software to help the Global 2000 company build and deliver modern APIs and apps. Today, Kao Corporation’s Apigee-powered Sales Partner mobile app promotes sales efficiencies by arming its sales representatives with near-real time sales data and customer information delivered online or offline on iPads. Digital solutions like the Sales Partner app are designed to help Kao maintain its position as an industry leader in today’s increasingly mobile and digital world.

                    For more than 120 years, Kao Corporation has been representing premium skin and hair care brands that are recognized worldwide for their innovation and quality. In addition to Jergens®, John Frieda®, and Goldwell®, iconic Kao brands in the AEMEA division also include Curél® body lotions, Ban® antiperspirants, Bioré® facial care, and Guhl® and KMS California® hair care products.  Headquartered in Tokyo, Japan, Kao Corporation generates $12.16B in annual sales and has a market cap of approximately $26B as of May 2016.

                    Kao selected Apigee’s API platform to help build apps that more easily integrate with partners and external systems, including mobile and cloud solutions. The company’s recently launched Sales Partner app provides Kao sales representatives with a large amount of sales KPIs (key performance indicators), territory and customer data, easily accessible while visiting salon customers.  The app integrates with Kao’s core systems including ERP, business intelligence, and CRM.  It provides near-instant access to customer sales and product information such as high and low-performing product information and other critical sales data relevant to each customer. Future features leveraging Apigee will include more app-to-app integrations such as mobile order entry apps as well as product related and marketing asset apps.  The Kao apps using Apigee APIs can provide a connected and seamless experience for the sales rep so they can provide a premium beauty customer service for their salons.

                     

                    “In today’s hyper-connected world, gone are the days of stacks of outdated paper reports in the trunks of sales people’s cars, as well as isolated backend systems that may or may not be able to connect to each other -- let alone to external partners and mobile or cloud apps,” said Keith Soward, Application Group Manager at Kao USA. “Our customers want immediate access to real-time product and customer data, custom-tailored to their needs.  We need to be agile and fast.  Sales and marketing teams can’t wait six months to get the app or data they need in order to drive sales.  We have to have our data available for new apps, new technology, new partners, and new ecosystems. 

                    “Digital disruption is real and we want to disrupt the disrupters.  The specific Sales Partner apps using Apigee API management make our sales people look good when they walk into a salon and will help enhance our sales efficiencies and professionalism, empowering us to more aggressively compete with digital natives entering our industry,” he continued.

                    “Adapting to the new digital world is a requirement in many industries today, and beauty care is no exception,” said Ed Anuff, Apigee’s senior vice president of strategy.  “Global manufacturing companies like Kao Corporation are seeking to easily expose their internal systems to create personalized and engaging customer experiences.  We believe that through solutions like the Salon Partner app, Apigee’s API management can help enable Kao Corporation increase customer engagement and interaction time, and ultimately drive more sales.”

                    The Apigee Edge platform is enterprise-grade API management software that empowers organizations like Kao Corporation to securely deliver and manage APIs and API traffic at scale. Apigee Edge includes comprehensive lifecycle API management capabilities including API gateway; developer portal; API, app and developer analytics; API monetization features; multi-tenancy support for high scale, and more.

                    The Apigee Edge API management software is part of Apigee’s cloud native API platform, which also includes Apigee Insights, an API-based, self-service predictive analytics solution; Apigee Link, an API-first Internet of Things (IoT) product for connecting devices to the Internet; and Apigee Sense, an intelligent API security product.

                     

                    About Apigee

                    Apigee® (NASDAQ: APIC) provides a leading cloud native API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 33 percent of the Fortune 100, four of the top five 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.

                     

                    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 Kao Corporation. 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 May 27, 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: http://apigee.com/about/blog/

                    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

                     

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                      Apigee Launches “Adapt or Die” #DigitalKnowHow World Tour

                      API Leader Bringing its Popular Digital How-to Events to Cities Across the Globe; Registration for “Adapt or Die” San Francisco Now Open

                      SAN JOSE, Calif. – June 22, 2016 – Apigee® (NASDAQ: APIC), the API company, today announced the Adapt or Die World Tour, a series of digital business how-to events held in major cities across the globe. Adapt or Die events are content-rich, one-day conferences focused on #DigitalKnowHow. They are designed to deliver unprecedented levels of expertise and information on how businesses can leverage APIs to adapt and thrive in today’s rapidly evolving digital world.

                      Registration for the kick-off Adapt or Die event in San Francisco on Sept. 27, 2016, is now open.  A highlight of the San Francisco event will be the premier of Adapt or Die: an exciting and unexpected action adventure film about the promise and peril of digital disruption. To register for the Adapt or Die event in San Francisco today, go here or to adapt.apigee.com.

                      “At Apigee, we’ve always loved APIs, and we are excited to see how companies across the globe are increasingly leveraging scalable, secure APIs as the foundation for digital business,” said Anurag Wadehra, Apigee chief marketing officer.  “To reflect what we believe to be the business-critical nature of APIs as essential components for companies to win in today’s digital economy, we’ve changed the name of the conference series from ‘I love APIs’ to ‘Adapt or Die.’

                      “Adapt or Die events will showcase the leading-edge technology, business expertise, hands-on case studies and thought leadership that Apigee events are known for, and we’re now bringing them much closer to many of our customers,” he continued.

                      Superior Content and Peer Learning: Not Mega Conference

                      Apigee’s Adapt or Die events will be limited to an attendance of 500 people to allow for a more intimate and interactive environment that promotes meaningful discussions with peers and industry experts. The events will provide attendees an opportunity to engage and learn how companies can use digital technologies and strategies to navigate a variety of new challenges in building digital business and heterogeneous cloud environments.

                      Attendees can plan to gain deep insights from practitioners who are shaping the future of digital business across industries using APIs, including financial services and banking, media and entertainment, retail, healthcare, and telecommunications.

                      “After listening to our customers, we knew we wanted to create an environment that would allow for greater networking opportunities and a chance to come away with real, tangible lessons for how to use APIs as part of a digital business today. These are benefits a larger conference often can’t deliver,” continued Wadehra.

                      The “Adapt or Die” #DigitalKnowHow World Tour will kick-off at the iconic Palace of Fine Arts in San Francisco on September, 27, 2016.  Additional Adapt or Die events will be held soon thereafter in Chicago, New York, Sydney and London.

                      For the latest information or to register for Adapt or Die, go to adapt.apigee.com or follow #DigitalKnowHow on Twitter.

                      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 Apigee’s leading cloud native API platform, which also includes Apigee Insights, an API-based, self-service predictive analytics solution; Apigee Link, an API-first Internet of Things (IoT) product for connecting devices to the Internet; and Apigee Sense, an intelligent API security product.

                      About Apigee

                      Apigee® (NASDAQ: APIC) provides a cloud native API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 33 percent of the Fortune 100, four of the top five 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/

                      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.

                       

                      Media Contacts

                      Mark Wheeler

                      615.516.6147

                      press@apigee.com

                       

                      Investor Contact

                      Kevin Faulkner

                      408.816.1658

                      ir@apigee.com

                       

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                        Apigee to Present at Stifel Conference

                         

                        SAN JOSE, Calif., - Apigee® (NASDAQ:APIC), developer of a leading cloud native API platform for digital business, today announced that Apigee CFO Tim Wan and VP Investor Relations Kevin Faulkner will be presenting at the Stifel 2016 Technology, Internet & Media Conference in San Francisco, California.  The presentation is scheduled for Tuesday, June 7, 2016, at 1:15 p.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 a cloud native API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 33 percent of the Fortune 100, four of the top five 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.

                         

                        Media Contact:

                        press@apigee.com

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