Open source technology provider WSO2 announced on Friday that it has signed a definitive agreement to be acquired by EQT.

"We are thrilled to partner with EQT as we embark on the next phase of WSO2's journey," said Dr. Sanjiva Weerawarana, CEO and Founder of WSO2.

"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."

With EQT as its new partner, WSO2 reaffirms its commitment to delivering innovative solutions that address the evolving needs of modern businesses.

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.

Hari Gopalakrishnan, Partner in the EQT Private Capital Asia advisory team said, “We believe that WSO2 is well-positioned to capitalise on long-term trends such as digital transformation and rising generative AI adoption and are confident of drawing on EQT’s proven software value creation playbook to further accelerate WSO2’s strong growth.”

EQT is a purpose-driven global investment organization with EUR 242 billion in total assets under management and the third largest private equity firm globally.