Rogue Wave Software Acquires API Management Leader Akana

API economy drives software development and business logic access

LOUISVILLE, CO, November 28, 2016 – Rogue Wave Software announces it has acquired Akana, a leader in developing, managing, and securing application programming interfaces (APIs). As businesses look to further connect with their partners and customers, strength in API governance, integration, and ease of accessing legacy applications are increasingly part of the digital transformation.

According to The API Management Solutions Market Will Quadruple By 2020 As Business Goes Digital, a Forrester blog by Michael Yamnitsky: “Often considered the poster child of digital transformation, APIs are proliferating at enterprises making industry-leading investments in mobile, IoT, and big data. As these initiatives mature, CIOs, CTOs, and heads of development are coming together with business leaders to manage and secure companywide use of APIs using API management solutions.”

Rogue Wave CEO Brian Pierce explains the fit, “Today's announcement builds on our commitment to software development, and extends these critical applications into web, mobile, and IoT. APIs are the business interfaces, so the ability to manage and govern their use fits squarely with our product capabilities. Akana mirrors the needs in our enterprise customer base and furthers our mission to accelerate great code.”

Recently, Akana was named a Leader by Forrester Research, Inc. in its new report, “The Forrester Wave™: API Management Solutions, Q4 2016.” APIs drive business, making API management a critical component of business strategy.

The flagship Akana API platform is available in three editions to meet scale and security requirements, with enterprise-class features, including:

• API management – Infrastructure and tools to orchestrate API relationships
• API design – Specifications outlined to focus on design
• API security – Rapidly and consistently applied policies
• Mediation and integration – Quick creation of modern, well-structured APIs from legacy assets and multiple backend sources
• API traffic management – Complete control over traffic, including alerts and SLA enforcement

Akana is available as a SaaS platform, on-premises, and as a hybrid deployment. This acquisition is highly complementary to the 2015 Zend acquisition, fueling web and mobile development, including API development.