Cloud Elements Delivers New Platform to Simplify API Integration, Build Digital Ecosystems


Software and Service Teams Can Dramatically Reduce Integration Cost and Complexity, Improve Customer Experience and Expand Market Opportunity

DENVER, May 16, 2019 (GLOBE NEWSWIRE) -- Cloud Elements , a pioneer in API integration, today announced the latest version of its platform with powerful new features that “virtualize” API integration, making it easier for software and service teams to proactively build, manage and scale digital ecosystems that accelerate product adoption and improve customer experience.

The new platform addresses two big challenges for today’s development teams: 1) Reducing the pain, cost, and complexity of integration, which sucks up developer time and distracts from product innovation; and 2) Increasing market opportunity by enabling customers to quickly adopt new software that works with their existing applications, while enabling collaboration across their extended ecosystem of customers, prospects, partners and supply chains.

“Our new platform is a true innovation accelerator for software businesses,” said Mark Geene, CEO and co-founder, Cloud Elements. “By unifying APIs and virtualizing data models, we eliminate the drudgery of point-to-point integration, so software teams are ready to capitalize on whatever comes next. We give them the power to create a digital ecosystem – so they can sell more software faster and enable customer success with plug-and-play applications.”

Changing the Economics of Integration
Cloud Elements 3.0 changes the economics of integration, allowing APIs to work in uniform ways across hundreds of applications while sharing common data models. Instead of requiring developers to build point-to-point connections using inconsistent APIs, Cloud Elements starts by unifying APIs with enhanced capabilities for authentication, discovery, search, error handling and API maintenance. These “Elements” can then be combined into workflows (aka Formulas) that automate business processes across applications. Elements and Formulas can be easily modified, shared and re-used, significantly improving developer productivity. Elements also shield developers from underlying API changes, significantly reducing maintenance costs.

Cloud Elements 3.0 adds a powerful new capability called Virtual Data Hubs, which puts a company’s data model at the center of their ecosystem. Virtual Data Hubs provide a normalized view of data objects, like “accounts” or “orders” or “payments,” allowing companies to manage data they care about in the structure that is optimized for their application or business. This provides software teams with more control over user experience, eliminating the need for point-to-point mapping of data to each and every new application. For example, developers can use or modify templates for “leads” that work seamlessly across multiple CRM systems, rather than having to create a new connection for each individual platform.

Cloud Elements 3.0 also includes a new visual integration feature, called Conductor, that allows customer success and professional services teams to build and manage workflow without code. These “ad hoc integrators” can now easily customize integrations and build workflows that meet specific customer needs. Conductor features an intuitive visual interface for all skill levels, without sacrificing on power and capability.

“API integration is becoming increasingly critical to business strategy, as evidenced by our latest survey of API enthusiasts,” said Ross Garrett, vice president of product at Cloud Elements. “With Cloud Elements 3.0, we’re providing more tools to more people, so they can get the job done faster. We’re doing the heavy lifting of API integration, so development teams can focus on innovating and creating great experiences for their customers.”

Build, Manage and Scale Digital Ecosystems
Enterprise IT leaders have identified integration as a critical barrier to digital transformation – stalling progress for 84 percent of organizations, according to MuleSoft’s latest survey. Other reports show the average enterprise uses more than 1,500 cloud applications and services, many of which are operating in silos. Meanwhile, software vendors increasingly realize the importance of building integrations with partner companies, and venture capitalists advocate that software companies should shift their thinking from “products” to “platforms.”

To address these needs, Cloud Elements believes enterprises and software providers need to move beyond point-to-point application integration, which can’t effectively scale to address the challenge. Instead, they should build dynamic digital ecosystems where data and processes flow seamlessly across dozens to hundreds of applications. This requires unified APIs and data models, a one-to-many technology architecture, and shared focus on integration by software providers and enterprise IT departments. Cloud Elements 3.0 delivers the technology to realize this vision.

London-based Akkroo is one provider that has used Cloud Elements to proactively build its digital ecosystem. Akkroo’s event lead capture tool allows B2B sales and marketing teams to turn conversations into qualified leads. “We knew that our ideal customer is already investing in marketing automation and CRM systems,” said Andy Higgs, co-founder and chief product officer. “By using Cloud Elements, we have been able to spin up integrations within very short periods, which has been huge for us. … Because we were able to implement five integrations quickly, we now cover 90 percent of the market of systems that our customers use.”

Colorado-based TwentyEighty likewise uses Cloud Elements to integrate applications across its portfolio of learning, development and performance businesses, which generate hundreds of millions in revenue. “The Cloud Elements platform allows us to focus on our custom business logic while not worrying about third-party vendors,” says Michael Casullo, chief information officer at TwentyEighty. “With Cloud Elements integration between our CRM and ERP applications, we’ve seen nearly a 60 percent cost reduction when compared to previous manual business processes spend. Because we’ve integrated from lead to opportunity to invoice, we’re able to recognize revenue much sooner in the cycle.”

Western Union uses Cloud Elements to deliver more seamless experiences across its fintech ecosystem. “What was exciting was the one-to-many experience, being able to integrate into the Cloud Elements platform and that gave us connectivity to a number of accounting systems. We didn't want to have to go and build those systems point by point,” said Scott Johnson, head of product at Western Union Business Solutions.

Cloud Elements’ customer base includes large software platform companies like SAP, IBM and Axway; independent software vendors like DoubleDutch, FinancialForce, Microstrategy and Sage; financial technology providers such as Danske Bank, FIS, PaySimple and Western Union; and digital business units of large enterprises like Dun & Bradstreet and Xerox.

Pre-Built Integrations for 200+ Applications
Cloud Elements 3.0 includes more than 200 pre-built integrations for a broad array of cloud applications and services, including ERP, CRM, human capital, finance, e-commerce, field service, payments, marketing, messaging, database, storage, and social applications. The latest platform includes new Elements for popular cloud-based ERP (Workday, Oracle, Microsoft Dynamics) and HCM applications (Workday, Oracle, Ultimate Software, Kronos, ADP Payroll).

Cloud Elements Developer Community
Cloud Elements also launched a developer community that allows developers to share Elements and Formulas via a public GitHub repository. Elements are pre-built integrations with normalized capabilities for authentication, discovery, search, workflows, error handling and API maintenance. Formulas are workflow templates that automate processes across multiple applications, e.g. “hire to retire,” “order to cash” and specialized workflows in fintech, healthcare, martech, and other ecosystems.

About Cloud Elements
Cloud Elements brings harmony to the world of APIs, allowing software providers to innovate faster and plug into digital ecosystems. The company’s one-to-many virtualized API integration platform enables developers to unify thousands of APIs, build common data models for core business functions, and reduce the pain, cost, and complexity of integration. Founded in 2012, Cloud Elements is headquartered in Denver, Colorado, and serves customers worldwide. More information can be found at .

About GlobeNewswire

One Liberty Plaza - 165 Broadway
NY 10006 New York

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Maha Energy AB (publ) (“Maha” or the “Company”) Announces Filing of Second Quarter Report and Live Webcast26.8.2019 01:00:00 CESTPress release

Maha Energy AB (publ) Strandvagen 5A SE-114 51 Stockholm Press release Stockholm 26 August 2019 Maha Energy AB Announces Filing of Second Quarter Report & Live Webcast Maha Energy AB (publ) (“Maha” or the “Company”) is pleased to announce its second quarter results. The report is attached to this press release and available on the Company’s website at Second Quarter 2019 Daily oil & gas production for Q2 2019 averaged 2,739 BOEPD (Q2 2018: 1,429 BOEPD). Revenue of USD 14.1 million (Q2 2018: USD 7.9 million) Operating netback of USD 10.7 million or USD 43.30 per BOE (Q2 2018: USD 5.1 million or USD 39.22 per BOE) EBITDA of USD 9.2 million (Q2 2018: USD 4.0 million) Net result of USD 6.2 million (Q2 2018: USD 1.9 million) Basic and diluted Earnings per share of USD 0.06 (Q2 2018: USD 0.02) Six Months Ended 30 June 2019 Daily oil & gas production for H1 2019 2,704 BOEPD (H1 2018: 1,595 BOEPD). Revenue of USD 25.8 million (H1 2018: USD 16.5 million) Oper

Cargotec appoints Päivi Koivisto as Vice President, Sustainability25.8.2019 09:00:00 CESTPress release

CARGOTEC CORPORATION, PRESS RELEASE, 25 AUGUST 2019 AT 10:00 AM (EEST) Cargotec appoints Päivi Koivisto (M.Sc. Env. Tech., eMBA) as Vice President, Sustainability as of 23 September 2019. She will be responsible for Cargotec's corporate Sustainability function. Koivisto joins Cargotec from UPM Communications Papers where she worked as Director, Sustainability. Päivi Koivisto reports to Cargotec's SVP Communications Carina Geber-Teir. "At Cargotec, we firmly believe that a profitable and sustainable business requires ethical and sustainable ways of working. Päivi has a solid track record from an industry where these issues have been developed with determination for years. I am pleased to welcome Päivi to Cargotec. Her passion for and expertise in sustainability makes her a perfect fit to drive Cargotec’s sustainability actions to an increasingly higher level," says Carina Geber-Teir. For more information, please contact: Carina Geber-Teir, SVP Communications, Cargotec, carina.geber-teir

Gilead and Galapagos Complete Closing of Their Transformative Research and Development Collaboration23.8.2019 22:01:00 CESTPress release

Foster City, Calif. and Mechelen, Belgium; 23 August 2019; 22.01 CET; regulated information – Gilead Sciences, Inc. (NASDAQ: GILD) and Galapagos NV (Euronext & NASDAQ: GLPG) today announced the closing of the global research and development collaboration agreement signed on 14 July 2019. This agreement has received clearance from the U.S. Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and merger control approval from the Austrian Federal Competition Authority. Under the terms of the agreement, the closing of this transaction triggers an upfront license fee payment of $3.95 billion by Gilead to Galapagos. In addition, Gilead has made an equity investment in Galapagos of approximately $1.1 billion (or approximately €960 million) by subscribing for new shares at a price of €140.59 per share, including issuance premium. As a result, Gilead now owns 13,589,686 ordinary shares of Galapagos, representing approximately 22 percent of the currently outsta

EVS Broadcast Equipment strikes major deal with NEP to upgrade their US production activities23.8.2019 18:00:00 CESTPress release

Publication on August 23 2019, 06:00 P.M. CET Regulated information – Privileged information EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR) EVS STRIKES MAJOR DEAL WITH NEP TO UPGRADE THEIR US PRODUCTION ACTIVITIES EVS Broadcast Equipment, the leading provider of live production solutions, today announces that NEP is investing over $8m to deploy the next generation EVS live video production server as part of their US inventory. Liège, Belgium, August 23, 2019 EVS, the leading provider of live production solutions, has been selected by NEP, an international production company serving live broadcasting throughout the world, to deliver a major upgrade and upscale of their production facilities. The deal represents the acquisition of EVS’ XT-VIA next-generation live production servers, as well as the deployment of LSM replay controllers, IPDirector content management solutions and other infrastructure systems. All new systems will be installe

Clinical data on Idorsia's pipeline compounds will be presented at the European Society of Cardiology Congress 201923.8.2019 17:35:00 CESTPress release

Allschwil, Switzerland – August 23, 2019 Idorsia Ltd (SIX: IDIA) today announced that data from Phase 2 studies with aprocitentan, a new dual endothelin receptor antagonist, and selatogrel, a highly-selective P2Y12 receptor antagonist, will be shared during the European Society of Cardiology (ESC) Congress 2019 in Paris, France. Idorsia’s aprocitentan An oral presentation entitled "Efficacy and safety of various doses of the new dual endothelin receptor antagonist aprocitentan in the treatment of hypertension", will be part of the "Drug treatment in hypertension - New insights" session with a focused discussion with the lead author, Dr Parisa Danaietash from Idorsia, at 09:54 on August 31, 2019. The abstract can be found online. Idorsia’s selatogrel An oral presentation entitled "Selatogrel, a novel P2Y12 inhibitor for emergency use, achieves rapid, consistent and sustained platelet inhibition following single-dose subcutaneous administration in stable CAD patients", will be part of th

Millicom - H1 2019 Consolidated Financial Statements23.8.2019 16:53:00 CESTPress release

Millicom’s H1 2019 Consolidated Financial Statements Luxembourg, August 23, 2019— Millicom, a leading provider of cable and mobile services operating under the TIGO brand in Latin America, has published its H1 2019 consolidated financial statements. Contents include: • Management Report • Responsibility Statement • Review Report of the Independent Auditors • Unaudited Interim Condensed Consolidated Financial Statements -END- For further information, please contact Press: Vivian Kobeh, Corporate Communications Director +1 786-628-5300 Investors: Michel Morin, VP Investor Relations +1 786-628-5270 Sarah Inmon, Investor Relations Manager +1-786-628-5303 About Millicom Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing high-speed broadband and innovation around T