Wednesday 18 July 2012

Management Service-Management Company-Technology Assets-Deutsche Telecom-Global Telecom

WAC Whacked: Telecom-Backed Alliance Merges Into GSMA, Assets Acquired By API Management Service Apigee

Apigee, the API management company that was most recently spotted powering that new "print to Walgreens" feature in half a dozen or so mobile applications, is now acquiring the technology assets of WAC, aka the Wholesale Applications Community. WAC, an alliance of global telecom companies, like AT&T, Verizon, Sprint, Deutsche Telecom, China Mobile, Orange, and others (and pegged by TechCrunch writer Jason Kincaid back in 2010 as "a disaster in the making") was intent on building a platform that would allow mobile developers to build an application once, then run it on any carrier, OS or device. The group also developed network API technology, which is another key piece to today's acquisition.WAC itself is now being folded into the GSMA, while its assets and the personnel behind the program (14 or 15 folks) are being acquired by Apigee. Terms of the deal were not disclosed, but Apigee CEO Chet Kapoor confirms that there are no new investors as a result. read more..

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