Oracle has planned to acquire startup company Apiary.This startup helps developers in designing and creating documentation for APIs.
Apiary was founded in 2011, since then it has raised more than $8 million in equity funding, that also includes $6.8 million tranches back in Aug 2015. Apiary also provides tools for organizations to develop web APIs faster and enabling them to test and monitor those APIs built.
APIs have emerged as a huge business, as they allow companies and developers to gain additional revenue streams beyond their own closed repository.Last year in the month of August Google dropped $65 million to acquired Apigee. A company that provides API management and also provides software for predictive analytics.
In the same way, Oracle has plans to take over Apiary. Currently, they are reviewing the Apiary product roadmap and it will be “providing guidance to customers” in the coming future.
Oracle is also announcing that it is planning to include Apiary as its own product range.Companies like tech titan monitor and analyze APIs and Apiary for front end support in creating, a complete designing and managing their APIs, and oracle is also aiming completeAPI creation and management platform in the cloud”.
Amit Zavery,s enior vice president for integration cloud at Oracle said in a press release that “Oracle’s API Integration Cloud enables companies to secure, consume, monetize, and analyze APIs.“ 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.”