SAN JOSE, Calif., Jan. 26, 2016 (GLOBE NEWSWIRE) -- Apigee® (NASDAQ:APIC), developer of an intelligent API platform for digital business, today announced that it has been selected by OEConnection LLC (OEC), the leading parts ecommerce technology provider for OEM distribution networks, to provide the API management for MyPriceLink, OEC’s new API-powered technology built to deliver real-time, dynamic pricing on original equipment (OE) replacement parts to the automotive marketplace.
OEC’s patent-pending MyPriceLink technology promises to revolutionize OEM parts list pricing in the automotive industry. While list pricing for OEM auto parts has typically been delivered to the marketplace (including collision estimating and dealer management systems among others) on a static, once-a-month basis, OEC’s MyPriceLink uses a scalable API to provide online, real-time and dynamic OEM pricing on GM collision parts based on timing and local market conditions - the first known solution of this kind for the auto industry.
OEC is leveraging the Apigee Edge API management software to provide the API security, scale and analytics required for the new service to deliver real-time automotive parts pricing to automotive dealers, collision shops, fleets, independent adjusters and insurance companies throughout the United States.
“From the beginning, a core element of the OEC mission has been to make it easier for our customers to locate, buy and sell replacement auto parts at competitive prices,” stated Kathy Golden, executive vice president & chief technology officer for OEC. “We started by connecting dealers with other dealers, then dealers to their wholesale customers and consumers. Now, by leveraging our API strategy and Apigee, our technology has advanced to the point where we can help OEMs provide real-time dynamic pricing to the entire vertical market. We believe this is revolutionary for our industry.”
Apigee’s intelligent API platform helps businesses accelerate the pace at which they innovate, share their data and services, and adapt to rapidly changing customer and market needs. Apigee’s flagship Apigee Edge API management software empowers organizations to securely deliver and manage APIs, with agility and at scale. Apigee Edge is part of the Apigee intelligent API platform, which also includes Apigee Insights, an API-based, self-service predictive analytics solution, and Apigee Link, an API-first Internet of Things (IoT) product for connecting devices to the Internet. Most recently, Apigee introduced Apigee Sense, an intelligent API security product.
“Digital disruption is happening everywhere – in every industry across the globe – even traditional industries,” said Ed Anuff, Apigee senior vice president of strategy. “We are thrilled to be working with OEC to bring twenty-first century innovation to the OEM marketplace and help the entire industry operate faster, safer and smarter with APIs.”
OEConnection (OEC) is the leading parts ecommerce technology provider for OEM distribution networks, serving over 20 OEMs and 100,000 dealership and repair customers. Customers use OEC solutions millions of times each day to access real-time, dynamic pricing and to market, manage and move original equipment parts, facilitating an estimated $20 billion in annual replacement parts trade. The company is headquartered in the greater Cleveland area at 4205 Highlander Parkway, Richfield, Ohio, 44286. Additional information is available at www.oeconnection.com or by e-mailing Geo Money at Geo.Money@oeconnection.com.
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.
Safe Harbor Statement
This press release contains forward-looking statements, including statements regarding market adoption of digital technologies, planned customer adoption and implementation of Apigee’s products, potential future customer opportunities and opportunities between Apigee and OEC. 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 ability of Apigee’s software to meet its customers’ needs, the quality of Apigee’s software, support and services and related infrastructure capacity and any incorrect implementation or use of Apigee software.
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 Quarterly Report on Form 10-Q filed with the SEC on December 8, 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.
OEConnection, OEC and Apigee are registered trademarks in the U.S. Other product or company names mentioned may be trademarks or trade names of their respective companies.