EQT completes WSO2 acquisition

WSO2, a leading global provider of digital transformation technologies, yesterday announced that its acquisition by EQT was completed. 

EQT will support WSO2’s next phase of accelerated growth and innovation by drawing on EQT’s deep experience in the software space, global network of industry experts, and dedicated digital value-creation team.

The first announcement came on 3 May 2024.

WSO2 now joins EQT’s extensive global portfolio of enterprise software companies, which includes firms such as Billtrust, IFS, SUSE, Storable, thinkproject, Virtusa and Waystar.

With the acquisition, a new director board has been formed to spearhead the next stage of WSO2’s growth. 
Leading the board as chair is Jonas Persson, who formerly served as CEO of Microsoft Sweden and has been the chairperson for several portfolio companies like SUSE, Acumatica, IFS and Sitecore. 

He is joined by Hari Gopalakrishnan, a partner in the EQT Private Capital Asia advisory team and Global co-head of EQT’s services sector team, and Dr. Sanjiva Weerawarana (founder of WSO2) will continue his role as CEO.
“WSO2 is a strong enterprise software company that has delivered a proven track record of innovation and scaled to address the digital transformation demands of enterprises worldwide,” said WSO2 board chair Jonas Personn. 
“We are excited to collaborate with Jonas, Hari and the EQT team in accelerating our innovation agenda, expanding our global footprint, and empowering enterprises to thrive in the digital economy,” said WSO2 founder and CEO Dr. Sanjiva Weerawarana.