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EQT snaps up API and identity management software company WSO2 for more than $600M
WSO2, a company that provides API and identity management services for enterprises, has been acquired by EQT for more than $600M.
WSO2’s products include an open-source API manager, comparable to something like Google’s Apigee, which businesses use for building and integrating all their digital services, either in the cloud or on-premises. WSO2 co-founder and CEO Sanjiva Weerawarana has a strong tack record in the open-source sphere, particularly among Apache Software Foundation projects, and he was one of the main designers of the cloud-native Ballerina programming language. With a global spread of customers that include AT&T, Honda and Axa, this is something that EQT Private Capital Asia partner Hari Gopalakrishnan says was a key part of its decision to invest.
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