Boomi to acquire the API management assets from Cloud Software Group.

Boomi, a software company, agreed to acquire the API management assets from Cloud Software Group, a mission-critical software provider. Financial terms were not disclosed. “APIs are the backbone of modern software and application development, and have become a cornerstone of modern architectures that enable businesses to stay agile and compete effectively. However, cloud adoption and the explosive growth of APIs have disrupted traditional IT infrastructures. With these acquisitions, we’re putting an end to operational overhead and API sprawl by offering a robust, enterprise-grade and federated API management solution, giving customers the ability to quickly provision, discover, secure, and infinitely scale in one end-to-end enterprise platform,” Steve Lucas, Boomi CEO.