Apigee Named a Leader in the Gartner Magic Quadrant for Full Lifecycle API Management

SAN JOSE, Calif., Oct. 31, 2016 (GLOBE NEWSWIRE) -- Apigee® (NASDAQ:APIC) today announced that Gartner, Inc. has named Apigee a Leader in its 2016 Magic Quadrant for Full Lifecycle API Management1 based on Apigee’s ability to execute and its completeness of vision. According to Gartner, Magic Quadrant Leaders “execute well against their current vision and are well positioned for tomorrow.”2

The Gartner 2016 Magic Quadrant for Full Lifecycle API Management is available at no charge from Apigee here.

For the second year in a row, Gartner has positioned Apigee furthest in this research for completeness of vision, a criteria that reflects vendors' abilities to understand market trends, to lead and influence them, and to follow these trends with agility and consistency.

“We are committed to helping businesses everywhere manage APIs anywhere -- with proven, robust and scalable API management,” said Chet Kapoor, Apigee CEO. “APIs are foundational for today’s digital world - they connect products, services and the cloud compute resources that power them. We are extremely proud that once again, Apigee has been recognized by Gartner as a Leader in this space, as well as for being furthest for completeness of vision.”

A Gartner Magic Quadrant provides a graphical competitive positioning of technology providers in a specific market where market growth is high and provider differentiation is distinct.2 The Full Lifecycle API Management Magic Quadrant evaluated 19 different software vendors on 15 criteria.

According to Gartner: "API programs are maturing, and the API economy is growing rapidly, so the need for advanced API management functionality has become more pressing, especially for analytics, API monetization, real/business value of APIs, ease of implementation of digital business imperatives, IoT and advanced security (to prevent/defend from malicious attacks to the APIs)."

Apigee Edge is a comprehensive API management platform that enables businesses to secure, manage, scale and analyze their APIs and API traffic. Apigee’s web-scale and flexible platform processes billions of API calls per week. Apigee Edge is available as a cloud-based software-as-a-service (SaaS) and as on premises software.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Apigee

Apigee® (NASDAQ:APIC) provides a leading API platform. Many of the world's largest organizations select Apigee to enable their digital business. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. For more information, go to http://apigee.com.

Connect with Apigee
Apigee blog: https://blog.apigee.com/front
Apigee community: https://community.apigee.com/
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Apigee: https://www.apigee.com/company/apigee

Apigee is a registered trademark in the U.S. All other trademarks mentioned herein are property of their respective owners.

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding the growth rates of the full life cycle API management market and of the API economy. 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, unfavorable conditions in our industry or the global economy, reductions in information technology spending, changes in U.S. and international laws and regulations and the impact of intellectual property rights on the market.

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 October 7, 2016. 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.

1 “Magic Quadrant for Full Life Cycle API Management”, October 27, 2016. http://www.gartner.com/document/3488151?ref=TypeAheadSearch&qid=b007a9a25f930d512fdb6beeebb4dcaf

2 Gartner Research Methodologies, Gartner Magic Quadrant, http://www.gartner.com/technology/research/methodologies/research_mq.jsp

Press Contact: Matt Bryant press@apigee.com Investor Contact: Kevin Faulkner kfaulkner@apigee.com