On Tuesday, social media giant Twitter announced that it is buying Data as a Service (DaaS) provider Gnip for an undisclosed amount. Gnip, which is one of several companies that sell access to the firehose of the content posted on Twitter, was founded in 2008 and today offers data from a number of popular user-generated services in addition to Twitter.
More enterprises are paying attention to the business-building potential of open APIs, and it’s not hard to figure out why. When companies like Expedia tell ReadWriteWeb that APIs (check out the Expedia API) contribute about 90 percent of its $2 billion a year, you can bet CFOs and CEOs will take notice.
Hootsuite allows users to easily manage multiple social media accounts across different networks in one place. In 2013, the company began the transition from a monolith architecture to SOA, and this video shows Adam Arsenault discussing the move and the tools they built to support its growth.