Gogo Shares Pull Back From $15 Level, Apigee Announced Will Transform Platform

Gogo GOGO shares traded more than one percent higher after the company announced a partnership with Apigee.

Apigee will build a technology platform for Gogo, making it easier for the company and third parties to build applications for Gogo. Apps designed for the company’s platform will bring more users to the service and boost branding because consumers will not only be using Gogo’s internet, but also interacting with its software.

Apigee VP of Product Strategy Ed Anuff commented, “A healthy developer community and a diverse partner ecosystem is a sign of a thriving enterprise and a leading indicator of digital success. Gogo has turned to Apigee to help build a platform that delivers the power and flexibility to enable third-party app development at scale, for both mobile and operational applications.”

Shares of Gogo are up 0.90 percent on the day to $14.61.