Google’s Apigee buy validates API economy

Alphabet’s Google today announced plans to acquire Apigee Systems for $625 million, paying a 6.5 percent premium in a deal that reflects how Application Programming Interfaces (APIs) have become critical threads connecting disparate software systems. Apigee, which went public in 2015 and in May reported revenue of $67 million for the third quarter, makes software that enables developers to use APIs to securely share their data across applications and devices from third-parties, a critical