Intel reportedly buying on-demand API builder Mashery
Intel is in the process of acquiring Mashery, a provider of API technology and services, according to a new report.
See also: Intel outlines new strategy, investments for cloud-based networking | Intel predicts rebounds for PC, datacenter units later this year
ReadWrite reported on Wednesday that the unit will be merged with Intel's Services unit.
The deal also appears to be extremely fresh given that ReadWrite also noted that the San Francisco-based company's employes were notified of the merger via email this morning. Some of them could be staying on with Intel, but it doesn't look likely that will be the case for everyone.
Financial terms of the deal haven't been revealed yet, but it is expected to close during the second quarter of 2013.
Aimed toward business and IT managers as well as developers, Mashery produces a number of solutions designed for deploying and managing APIs while offering bundled tools that report back about performance and business.
According to the private company's website, Mashery has worked with over 170 brands to power approximately 44,000 active applications created by roughly 200,000 developers. Some tech-related examples include Comcast, Klout, Rdio, and Travelocity.
It would make an interesting purchase for the microprocessor giant, which just revealed its new strategy for cloud–based networking centered around software-defined datacenters. Of course, that's more from the hardware perspective, so the addition of Mashery's portfolio ties up more ends on the software level.
We pinged Intel for confirmation, and we'll update this post as soon as we hear back.
UPDATE: Intel confirmed the acquisition and provided us with the following notes.
Intel has signed an agreement to acquire Mashery. The transaction is expected to close in the second quarter subject to satisfaction of certain conditions. We are not disclosing financial terms of the deal.
We will extend offers to join Intel to the majority of Mashery’s approximately 125 employees.
The Mashery team will report into the Intel Services Division (ISD) in the Software and Services Group (SSG). The Intel Service Division was formed in 2011 to drive the creation of a wide range of services and an open ecosystem to empower innovation regardless of platform. This acquisition is the next step in building an integrated Intel suite of services (cloud services, digital store fronts, location services, network services and security). Mashery brings technology and expertise in the management and exposure of enterprise APIs. Mashery’s expertise in key verticals will enable Intel to further provide user experiences enhanced by service capabilities.