WSO2, a digital transformation technology company, announced today that it has signed a definitive agreement to be acquired by EQT.
Dr Sanjiva Weerawarana, CEO and Founder of WSO2 stated, “With EQT’s support and expertise, we are well-positioned to accelerate our innovation agenda, expand our global footprint, and continue empowering enterprises to thrive in the digital economy.”
Founded three decades ago by the Swedish Wallenberg family, EQT owns portfolio companies and assets in Europe, Asia-Pacific, and the Americas and supports them in achieving sustainable growth, operational excellence, and market leadership. EQT’s extensive global portfolio of enterprise software companies includes IFS, SUSE, thinkproject, and more.
Since its inception in 2005, WSO2 has offered a complete suite of products for API management, identity and access management (IAM), application development, and integration.
WSO2’s cloud-native software as a service (SaaS) and open-source offerings drive their digital initiatives — executing 60 trillion transactions and managing over 1 billion identities annually.
Looking ahead, “WSO2 remains focused on driving customer success, fostering community collaboration, and delivering innovative software that unlocks new value creation opportunities for organizations worldwide,” added Weerawarana.
EQT is a purpose-driven global investment organisation with EUR 242 billion in total assets under management and the third-largest private equity firm globally.
The transaction is subject to customary conditions and approvals. J.P. Morgan served as the exclusive financial advisor to WSO2.
Hari Gopalakrishnan, Partner in the EQT Private Capital Asia advisory team, said: “We’re excited to partner with WSO2 as it helps customers across industries drive their digital transformation and enhance operational resilience. WSO2 is well-positioned to capitalise on long-term trends such as digital transformation and rising generative AI adoption. We are confident of drawing on EQT’s proven software value creation playbook to further accelerate WSO2’s strong growth.”
