EQT Acquires WSO2, Elevating Digital Transformation Solutions

In a significant move within the realm of digital transformation technology, EQT has finalized a deal to acquire WSO2, a renowned leader in the field. Dr. Sanjiva Weerawarana, CEO and Founder of WSO2, expressed enthusiasm about the partnership, seeing it as a pivotal moment in WSO2’s trajectory. He highlighted the potential for accelerated innovation, expanded global reach, and continued empowerment of enterprises in the digital economy, thanks to EQT’s support and expertise.

Since its establishment in 2005, WSO2 has been spearheading the development of cutting-edge software facilitating seamless delivery of digital experiences. Presently, WSO2’s platform boasts a comprehensive suite of solutions spanning integration, API management, identity & access management (IAM), and application development. Its clientele includes numerous prominent organizations worldwide, leveraging WSO2’s cloud-native software as a service (SaaS) and open-source offerings to execute an impressive volume of transactions and manage identities on a vast scale annually.

With EQT onboard, WSO2 reaffirms its dedication to crafting innovative solutions tailored to the evolving demands of modern businesses. Dr. Weerawarana emphasized the company’s unwavering commitment to customer success, community collaboration, and the continual delivery of groundbreaking software solutions that unlock new avenues for value creation globally.

Hari Gopalakrishnan, Partner in the EQT Private Capital Asia advisory team, shared his excitement about the partnership, citing WSO2’s pivotal role in driving digital transformation and enhancing operational resilience across various industries. He expressed confidence in leveraging EQT’s expertise and proven software value creation strategies to further propel WSO2’s robust growth trajectory.

EQT, renowned for its purpose-driven approach, boasts a substantial global investment portfolio and a track record of fostering sustainable growth and market leadership in its portfolio companies. With a focus on enterprise software, EQT’s acquisition of WSO2 aligns with its overarching strategy of capitalizing on long-term trends such as digital transformation and the increasing adoption of generative AI.

This acquisition marks a significant milestone for both WSO2 and EQT, setting the stage for enhanced digital transformation solutions and continued innovation in the ever-evolving landscape of technology and business.