Houlihan Lokey Advises Boomi

Transaction: Boomi - API Management Assets

Houlihan Lokey is pleased to announce that Boomi has acquired the API management assets from Cloud Software Group. This acquisition accelerates Boomi’s roadmap for providing solutions to the most pressing API management challenges that companies face today. The transaction closed on June 6, 2024.

Boomi, the intelligent integration and automation leader and integration platform as a service (iPaaS) provider, connects applications, data, and processes across on-premises, cloud, and hybrid environments. Key services of the Boomi Enterprise Platform include Integration, API Management, Boomi AI, Master Data Hub, Event Streams, B2B/EDI Management, and Flow. Boomi is used for enterprise integration, cloud migration, real-time data synchronization, and e-commerce integration, serving industries like healthcare, finance, and retail. Its scalable, flexible platform supports multiple deployment models, and its intuitive interface ensures quick and easy implementation, making it accessible to users with varying technical expertise.

The API management assets from Cloud Software Group, formerly known as Mashery, facilitate the creation, publication, and secure management of APIs, helping businesses streamline integration, enhance security, and improve the performance of their API ecosystems. These assets, developed by a team that helped invent the API economy and used by some of the world’s largest organizations, will enable the Boomi Enterprise Platform to support even the most demanding API management performance and security requirements in markets such as travel, retail, tech, finance, and healthcare.

Strategic Rationale for the Acquisition:

  • Unified API Management: Integrating these assets helps address API sprawl by providing a cohesive API management solution that offers visibility and control over diverse API gateways and technologies within an organization.
  • Strengthened API Ecosystem: This acquisition reinforces Boomi’s commitment to leading the API management space by enhancing its platform with advanced API lifecycle management, governance, and analytics tools crucial for supporting the evolving needs of the API economy.

Houlihan Lokey served as a discretionary advisor to Boomi.

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