Apigee

Apigee today released its new API Exchange product for the telecom industry, which the company said creates a warehouse for operator APIs that application developers can access. The product essentially stands as a replacement for the GSMA's now-shuttered Wholesale Applications Community initiative.

The problem with bad reviews is they have a way of staying around online forever, which is why developers will need to be sure their mobile apps perform as expected, based on a recent survey from Apigee.

The recent demise of the Wholesale Applications Community (WAC) appears to be another example of the difficulties the operator community has catering relevant and appealing programs for the developer community.

Apigee has secured $20 million in new funding to fuel the growth of its application programming interface services platform. New investor Focus Ventures led the round, with existing investors Bay Partners, Norwest Venture Partners, SAP Ventures and Third Point Ventures also contributing. Apigee, founded in 2005, has raised $72 million to date.