SAN JOSE, Calif., May 14, 2015 (GLOBE NEWSWIRE) -- Apigee® (Nasdaq:APIC), developer of an intelligent API platform for digital business, today announced that MapQuest, a wholly owned subsidiary of AOL Inc. (NYSE:AOL), has selected Apigee Edge as the API platform for several key business initiatives, including growing MapQuest's developer community and building new offerings for consumers and enterprises.
Reaching 40.2 million multi-platform users, MapQuest offers online, mobile, business and developer solutions that help people discover and explore where they would like to go, how to get there and what to do along the way and at their destination.
MapQuest considered enterprise-grade API management essential to its objectives of accelerating innovative development, building new revenue models, and improving customer satisfaction and operational efficiency.
"We recognize the importance of a strong API management platform to help us achieve our strategic business goals, and Apigee's scalability meets the needs of our valued clientele," said Brian McMahon, GM at MapQuest. "Apigee gives us enterprise-class tools to help manage and grow our platform services – while letting us focus on our core business."
The Apigee Edge intelligent API platform helps businesses accelerate digital business. Built from the ground up for the app economy, Apigee is a secure platform for APIs and predictive analytics. Apigee helps companies securely share data and services, rapidly innovate, and continuously adapt to deliver more value to customers and partners.
The Apigee platform will enable MapQuest to track and analyze business events and transactions, identify new markets, better support and grow its developer community, gain better insights into the performance of developers, apps and APIs, and more easily support a variety of business models.
With Apigee Edge, MapQuest can streamline processes so developers can work more efficiently in coordinated fashion and provide a centralized online community where developers can learn from each other and share information.
The analytics capabilities in Apigee Edge will help MapQuest speed API development and quickly analyze production API traffic in detail. Greater insights into top-producing developers, apps and APIs can help bolster MapQuest's ability to quickly learn and innovate as it develops services for customers.
Chet Kapoor, CEO of Apigee, said, "MapQuest understands the crucial role that an intelligent API platform can play for an industry leader as it drives innovation and positions itself for the future. We're delighted to help MapQuest execute their digital strategy."
Safe Harbor Statement
This press release contains forward-looking statements, including statements regarding the expected activities of MapQuest with, and benefits to MapQuest of using, the Apigee platform. 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 Apigee's distributed computing infrastructure and the success of planned projects at MapQuest.
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 most recent filings with the SEC on Form S-1. 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 MapQuest, Inc.
MapQuest provides Internet, mobile and business solutions delivering on the promise of helping people dream, plan, share and go wherever the map meets their life. MapQuest is one of the leading mapping brands online, reaching 40.2 million multi-platform users, according to comScore Media Metrix. MapQuest's mobile solutions are compatible with a variety of mobile devices, including iPhone and Android devices. MapQuest, Inc., a wholly owned subsidiary of AOL Inc. (NYSE:AOL), is based in Denver, Colo.
Apigee (Nasdaq:APIC) provides an intelligent API platform for digital business. Many of the world's largest organizations select Apigee to enable their digital business, including 20 of the Fortune 100, five of the top 10 Global 2000 retail brands, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, eBay, Burberry, Shell, Live Nation, and First Data. Apigee is headquartered in San Jose, California and has over 400 employees worldwide.
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