SAN JOSE, Calif., Dec. 08, 2015 (GLOBE NEWSWIRE) -- Apigee® (NASDAQ:APIC), developer of an intelligent API platform for digital business, today announced that it has partnered with Tata Consultancy Services (BSE: 532540, NYSE: TCS), a leading IT services, consulting and business solutions organization, to help accelerate digital business transformation for enterprises.
Apigee and TCS will jointly help clients leverage Apigee Edge, a leading API management platform; Apigee Link, a platform to connect the Internet of Things; and Apigee Insights, a predictive analytics platform, with the support of TCS’ global experience in digital technologies. TCS’ digital vision, innovation in combining multiple digital technologies, and its ability to scale using the Global Network Delivery Model™ (GNDM™) are a natural complement to Apigee’s platform, which empowers businesses to securely use and scale APIs to deliver connected digital experiences to customers, partners and employees. The combination of TCS’ digital expertise and experience and Apigee’s technology can help businesses move from a traditional enterprise IT architecture to leveraging re-usable APIs and micro services in a scalable, data-driven platform, as they look to lead and compete in today’s digital economy.
“As the world becomes increasingly interconnected, enterprises and service providers are discovering new opportunities for innovation and growth. Apigee helps companies transform their business and accelerate digital initiatives as they look to compete – and thrive – in the new age of digital disruption,” said Chet Kapoor, Apigee CEO. “TCS is the largest IT company based in India1 and it has been recognized as one of the world’s most innovative companies2. Our mission is to make every business a digital business, and this important partnership with TCS will help enable more businesses worldwide to go digital, faster.”
Dr. Satya Ramaswamy, TCS’ Global Head of Digital Enterprise said, “In our extensive client work in the Digital space, an often recurring theme is the need for companies to provide stellar stakeholder experiences while remaining extremely agile by constantly evolving their offerings. APIs are the glue that hold together an enterprise's systems in a scalable way, while allowing their integration with an ecosystem of external partner systems. We are delighted to partner with Apigee, a pioneer in this space, to provide our customers with capabilities they need to succeed in today's hyperconnected and hypercompetitive marketplace.”
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 more than 25 percent of the Fortune 100, five of the top six Global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California and has over 400 employees worldwide.
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About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 335,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $15.6 billion for year ended March 31, 2015 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit www.tcs.com.
Safe Harbor Statement
This press release contains forward-looking statements, including statements regarding the goals of Apigee’s relationship with TCS and the success of this relationship, the value the relationship may deliver to customers, market adoption of digital technologies and potential opportunities between Apigee and Tata Consulting Services and with their customers. 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: market adoption of digital technologies; the continued business success of both companies; customer demand for the joint offering; maintaining the relationship; the complementarity of each of Apigee’s and TCS’ products or services and the effectiveness of their combination; any incorrect implementation or use of Apigee software; the ability of Apigee’s software to meet its customers’ needs; and the quality of Apigee’s software, support and services and related infrastructure capacity.
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 Annual Report on Form 10-K filed with the SEC on Oct.14, 2015. 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.
Apigee is a registered trademark in the U.S. All other trademarks mentioned herein are property of their respective owners.
1 Based on FY 14 revenues