SOA Software, an API Management and SOA Governance leader that powers the API economy by helping businesses to fast-track API deployment, drive developer adoption,and reach more customers, announced today a new strategic partnership with Elastic Path Software Inc., the digital commerce company, to collaborate on API-driven commerce solutions for the enterprise.
"Every business must have a comprehensive digital strategy and should be able to commercialize their products and offerings through existing and new channels", said Paul Gigg, CEO of SOA Software. "The partnership with Elastic Path, an ecommerce leader, enables us to guide companies through their digital transformations to connect with their customers and partners on any mobile device, leveraging APIs as the building blocks, and monetizing them with an API-driven commerce solution powered by Elastic Path."
"SOA Software is a leader in the API industry, so we’re very pleased to welcome them as a partner as Elastic Path innovates around the API Economy and ecommerce API solutions," said Harry Chemko, CEO of Elastic Path. "The explosion of mobile and connected devices is driving unprecedented demand for API strategies and enabling technologies," Chemko said. "This partnership uniquely positions us to deliver rapid commerce solutions to monetize goods and content across everytouchpoint."
APIs are emerging as a strategic business and technology capability, empowering business to package and license their products and services for easy mobile consumption, while enabling IT to securely externalize existing applications and services. APIs provide an easy way for businesses to combine and share application functionality. To users, this interaction among applications and APIs is seamless and invisible, but enables them to perform commerce, content and communication transactions.
This combination of a commerce engine with an API development and management platform means that organizations can quickly build new channels and create business opportunities for the products and services they sell online. Both SOA Software and Elastic Path have been named by leading analyst firms for their respective areas, and the combination of their innovative products provides the most comprehensive online commerce solution for the API Economy.
The SOA Software solution provides a unique platform for driving developer engagement, and encourages adoption of APIs to enable richer application functionality. The solution provides social capabilities, and rich Gateway services including broad support for API security standards, service integration for constructing APIs from existing services and assets, lifecycle management, and analytics. SOA Software’s API Management solution includes Community Manager, API Gateway and Lifecycle Manager. These components are deeply integrated and available both in the cloud and on-premise.
The partnership is the latest announcement from Elastic Path as it innovates around the API Economy and delivering ecommerce API solutions. Earlier this summer, Elastic Path significantly strengthened its financing by raising CDN$12-million for innovating its product platform. The Elastic Path platform consists of:
- Commerce Engine, the industry’s most flexible ecommerce platform for managing products, bundles, discovery, pricing, promotions, personalization, and purchases;
- Subscriptions, a cloud-based solution for all recurring revenue and usage-based business models, and;
- Cortex, the world’s first hypermedia API platform for driving customer experiences across every digital touchpoint.