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Wso2 Secures $90 Million In Growth Capital From Goldman Sachs Asset Management

Nov 15, 2021•about 4 years ago

Amount Raised

$90 Million

Santa Clara

Description

WSO2, the leader in digital transformation technology, today announced that the company has closed $90 million in financing from client vehicles advised by Goldman Sachs Asset Management Private Credit ("Goldman Sachs"). The flexible capital solution will be used to accelerate WSO2’s worldwide business expansion, drive growth of the company’s global partner network, and support rollout of its next-generation, cloud-native solutions for securely delivering APIs, applications, and digital services. The new solutions, powered by Ballerina, will offer a seamless blend of low code and pro code experience for enterprises and deliver the power of DevOps and modern SDLC practices including integrated reuse within the organization and beyond.

Company Information

Company

Wso2

Location

Santa Clara, California, United States

About

Santa Clara, CA , Nov. 15, 2021 (GLOBE NEWSWIRE) -- WSO2, the leader in digital transformation technology, today announced that the company has closed $90 million in financing from client vehicles advised by Goldman Sachs Asset Management Private Credit ("Goldman Sachs"). WSO2 will use the funding from Goldman Sachs to deliver a new generation of platform-as-a-service offerings that democratize the adoption of its industry-leading cloud-native technologies for API management, integration, and customer identity and access management (CIAM). About WSO2Founded in 2005, WSO2 enables thousands of enterprises, including hundreds of the world’s largest corporations, top universities, and governments, to drive their digital transformation journeys—executing more than 18 trillion transactions and managing more than 500 million identities annually. Using WSO2 for API management, integration, and customer identity and access management (CIAM), these organizations are harnessing the full power of their APIs to securely deliver their digital services and applications. WSO2 has over 900 employees worldwide with offices in Australia, Brazil, Germany, India, Sri Lanka, the UAE, the UK, and the US.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech