API management company Apigee acquires InsightsOne

Posted Jan 9, 2014

Apigee is an API management company that has acquired predictive analytics company InsightsOne. InsightsOne was founded by the former Yahoo data executives Waqar Hasan and Jagdish Chand in 2012.

As part of the acquisition, Apigee will be able to help customers connect API data with enterprise data and make actionable predictions about businesses. 

Hasan worked with insurance company Independent Blue Cross to identify one month early which customers would be angry by changes so that they could reach out to them. InsightsOne is going to become a part of the Apigee suite of APIs. The terms of the deal were undisclosed.

[Source: GigaOM]