EQT completes acquisition of WSO2

Wednesday, 14 August 2024 00:10 - - {{hitsCtrl.values.hits}}

With the acquisition complete and a new Board in place, WSO2 is well-positioned to accelerate the company’s business and market growth worldwide
WSO2 Founder Dr. Sanjiva Weerawarana will continue role as CEO

WSO2, a leading global provider of digital transformation technologies, said yesterday that its acquisition by EQT, first announced on 3 May, has completed.

EQT will support WSO2’s next phase of accelerated growth and innovation by drawing on EQT’s deep experience in the software space, global network of industry experts, and dedicated digital value-creation team.

Since its inception in 2005, WSO2 has been at the forefront of building innovative software that allows organisations to seamlessly deliver digital experiences. Today, WSO2’s platform offers a complete set of market leading solutions across integration, API management, identity and access management (IAM), and application development.

Thousands of organisations, including hundreds of the world’s largest corporations, top universities, and governments, rely on WSO2’s cloud native software as a service (SaaS) and open-source offerings to drive their digital initiatives – executing 60 trillion transactions and managing over 1 billion identities each year.

WSO2 now joins EQT’s extensive global portfolio of enterprise software companies, which includes firms such as Billtrust, IFS, SUSE, Storable, Thinkproject, Virtusa, and Waystar.

With the acquisition, a new Board of Directors has been formed to spearhead the next stage of WSO2’s growth. Leading the Board as Chair is Jonas Persson, who formerly served as Microsoft Sweden CEO and has been the chairperson for several portfolio companies like SUSE, Acumatica, IFS, and Sitecore. He is joined by Hari Gopalakrishnan, a partner in the EQT Private Capital Asia advisory team and Global Co-Head of EQT’s services sector team, and Dr. Sanjiva Weerawarana, who founded WSO2 and will continue his role as CEO.

“WSO2 is a strong enterprise software company that has delivered a proven track record of innovation and scaled to address the digital transformation demands of enterprises worldwide,” said Persson. “I am excited to partner with WSO2’s management team in building on this momentum to accelerate the company’s growth and global adoption.”

“We are excited to collaborate with Jonas, Hari, and the EQT team in accelerating our innovation agenda, expanding our global footprint, and empowering enterprises to thrive in the digital economy,” said Dr. Weerawarana. “With EQT’s support and the deep expertise of our new Board members, we are well-positioned for this next stage of WSO2’s evolution.”