During the Apigee (NASDAQ: APIC) analyst day yesterday there was a comment during Q&A that crystallized part of the investment story for me - "It's not about integration." So what is it about?

Intelligence is the part of the APIC story that investors should care about. Unfortunately it's buried in the blur of API management, security, analytics and scalability - all important things to be sure but referring to all of this as the "glue" between applications and devices doesn't really help. Glue doesn't sound good.

For the newly initiated some background . . .

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