Google to buy cloud software company Apigee for $625 million

By Julia Love and Natalie Grover SAN FRANCISCO (Reuters) – Alphabet Inc's Google said on Thursday it is acquiring cloud software company Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud business. The service is critical for businesses transitioning to the cloud, Diane Greene, who runs Google's cloud computing division, said in an interview. Cloud computing is the increasingly popular practise of using remote internet servers to store, manage and process data.

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