EQT Completes Acquisition of WSO2, Enhancing Global Expansion

WSO2, a prominent global provider of digital transformation technologies, has officially completed its acquisition by EQT. Announced on May 3, 2024, this acquisition marks a significant milestone for WSO2, positioning the company for accelerated growth and innovation worldwide with EQT’s support.

Founded in 2005, WSO2 has been a leader in developing innovative software solutions for digital experiences. The company’s platform excels in integration, API management, identity and access management (IAM), and application development. WSO2’s cloud-native SaaS and open-source solutions are utilized by thousands of organizations, including major corporations, top universities, and governments. These solutions handle 60 trillion transactions and manage over 1 billion identities annually.

With the acquisition, WSO2 joins EQT’s extensive portfolio of enterprise software companies, including Virtusa, Billtrust, IFS, SUSE, Storable, thinkproject, and Waystar. The new board of directors for WSO2 features Jonas Persson, former CEO of Microsoft Sweden and chair of SUSE and IFS, as board chair. He will be joined by Hari Gopalakrishnan, partner in EQT Private Capital Asia and co-head of EQT’s services sector, and Dr. Sanjiva Weerawarana, WSO2’s founder and CEO.

Jonas Persson, WSO2’s new board chair, expressed enthusiasm about the future, stating, “WSO2 is a powerful enterprise software company with a proven track record of innovation. I look forward to collaborating with WSO2’s management team to build on this momentum and drive global growth.”

Dr. Sanjiva Weerawarana highlighted the benefits of the acquisition, noting, “We are excited to partner with Jonas, Hari, and the EQT team to enhance our innovation, expand our global presence, and support enterprises in the digital economy. With EQT’s backing and the expertise of our new board members, WSO2 is poised for significant growth.”

WSO2’s acquisition by EQT marks a pivotal moment for the company, promising robust growth and further advancement in digital transformation technologies.