Oracle today said it has agreed to acquire Apiary, the company behind the APIFlow Framework. Oracle says the deal will help it offer developers the most complete, cloud-based API creation and management Platform in the market.
Apiary's APIFlow provides the tools developers need to design and build enterprise-focused application programming interfaces. The APIs are able to share data across enterprise services and help developers write business apps and experiences that deliver usable insights. APIFlow manages the entire lifecycle of creating APIs, such as testing, Documentation, and support. Apiary has helped companies create hundreds of thousands of APIs.
Oracle plans to use Apiary's APIFlow technology with its own API Integration Cloud service, where it expects the combined toolset will let businesses manage everything related to their API development, deployment, and support.
"Oracle's API Integration Cloud enables companies to secure, consume, monetize, and analyze APIs," said Amit Zavery, Oracle's SVP of Integration Cloud. "With Apiary, Oracle will also provide customers advanced capabilities to design and govern API's, allowing companies to manage the entire API lifecycle and deliver integrated applications."
Oracle said it will continue to invest in Apiary once the deal closes, which it believes will lead to more functionality with APIFlow at a more rapid pace. Further, existing Apiary customers will be able to benefit from tight integration with Oracle's other business offerings.
Financial terms of the transaction were not disclosed. The firms expect to operate independently until the acquisition is completed, which will require the usual set of closing conditions. Oracle didn't say when it expects to finalize the deal. Oracle is based in Redwood City, Calif., while Apiary has offices in San Francisco and Prague.
Disclosure: Apiary is a competitor to ProgrammableWeb's parent company MuleSoft in the market for API lifecycle management solutions.