Enterprise tech conglomerate Oracle is growing thanks to the acquisition of an API management firm, Apiary.
Reports last week said the takeover will help Oracle offer more robust API building and monitoring services through integrating Apiary’s APIFlow solution, which helps businesses create and manage their APIs.
“Oracle’s API Integration Cloud enables companies to secure, consume, monetize and analyze APIs,” said Oracle Senior Vice President of Integration Cloud Amit Zavery in a statement. “With Apiary, Oracle will also provide customers advanced capabilities to design and govern APIs, allowing companies to manage the entire API lifecycle and deliver applications.”
In another statement, Apiary Founder and CEO Jakub Nešetřil said he is “excited” to join Oracle.
“Oracle customers will have unique access to a comprehensive API management platform providing control and increased agility, enabling them to focus on innovation,” the executive said.
Apiary services large brands like Salesforce, Microsoft, Bloomberg and others. Investors have so far placed $8.5 million in the company, with backers including Baseline Ventures and Flybridge Capital Partners, according to reports, along with other angel investors.
Reports said the takeover is indicative of a trend among enterprise tech firms looking to expand their API capabilities. Last year, Google acquired Apiary rival Apigee in a $625 million deal. The takeover of Apiary was announced without disclosure of financial details of the deal.
But it’s not the only area Oracle has focused on for its recent M&A activity. Late last year, the firm said it struck a deal to buy Dyn, a cloud-based DNS and internet performance provider.