WSO2 will use the fund to accelerate its global expansion and invest in its next-generation native cloud solutions for delivering digital APIs, applications and services.
WSO2, the benchmark in digital transformation technology, today announced that it has secured USD$ 90 million (approximately R$ 500 million) in joint financing of investments overseen by Goldman Sachs Asset Management Private Credit (“Goldman Sachs”). The flexible capital solution will be used to accelerate the global expansion of the WSO2 business, expand the worldwide network of partners, and in the development of native cloud solutions (cloud native) for delivering digital APIs, applications and services. New solutions, based on open source language ballerina, will offer a joint experience of low-code and pro-code for enterprises and deliver the power of operations development (DevOps) and modern systems development lifecycle (SDLC) practices, including integrated reuse within and outside the enterprise.
As corporations advance their digital transformation initiatives globally, more contributors are contributing to the development of new digital products and services that deliver individual user experiences. This increases the demand for approaches low-code more robust to improve employee productivity and create trusted, engaging customer experiences. WSO2 will use Goldman Sachs' funding to deliver a new generation of platforms as a service (PaaS) that democratize the adoption of its market-leading native cloud technologies for API management, integration, and customer identity and access management (CIAM) ).
“With more companies adopting digital business models, we are seeing increasing demand for our unique integrated approach that brings together unmatched API management and integration with our identity and access management,” said Sanjiva Weerawarana, Founder and CEO of WSO2. “To date, we've financed the growth of our business with our profits and have surpassed 800 clients in more than 80 countries, several of which are Fortune 1000. Now, with the contribution of Goldman Sachs, we can accelerate the delivery of our next generation platform Crying, integration as a service (iPaaS), and solutions Asgardeo as a Service (iDaaS), which significantly reduce the skill required to use, the time and cost barriers to ensure the delivery of new digital services. In addition, we will further expand our partner network and scale faster globally”, he concludes.
In addition to supporting the company's commercial solutions, WSO2 will also invest in expanding Ballerina's capabilities and communities linked to Ballerina, which radically simplifies how developers build and deploy native cloud applications. Choreo is WSO2's first commercial solution to use Ballerina to enable employees of varying skill levels to collaborate on creating new digital applications and services through code, low-code and no-code.
“The need to connect applications is a critical task as software proliferates within companies. As recognized leaders in delivering API, integration and CIAM management technology to a highly reputable global customer base, WSO2 is strategically aligned with our focus on investing in high-growth software businesses,” says Matt Singer of Goldman Sachs Asset Management. “We are excited to invest in WSO2 at this unique inflection point that leverages high customer demand for new solutions to drive digital innovation and agility using the cloud,” he concludes.
