US-based API tech provider Apigee discloses $20.5M stock deal for InsightsOne acquisition

January 8
11:02 PM 2014

Apigee has disclosed a stock transaction worth $20.5 million as part of the previously announced purchase of InsightsOne, a SEC filing said. Terms of the said deal were not previously revealed, wrote TechCrunch,

In a Registration D filed today, Apigee acknowledged the $20.5 million equity deal made in relation to the acquisition. Apigee said in a statement that it did not close a new funding round for this SEC filing. Instead, the filing is related to the acquisition deal. However, the amount indicated is not the purchase price. The filing was required for the stock deal between the two firms, the report detailed.

With InsightsOne, Apigee will acquire a platform that will help businesses identify patterns in various data sources. The data will tell the companies in advance about unsatisfied clients, for instance. Terms of the purchase deal were not disclosed, the report explained.

Next year will be a pivot point for Apigee. The company will either get acquired for a big check, or launch and initial public offering (IPO), TechCrunch reported.

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