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 ApigeeApigee® (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 MapQuestMapQuest, 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 ApigeeApigee 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:
Lyla Rayyan
press@apigee.com
415-275-6249
Apigee Investor Contact:
Kevin Faulkner
ir@apigee.com
408.816.1658
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