EQT Private Capital Asia, through its BPEA Fund VIII, has reached an agreement to acquire WSO2 from existing shareholders. WSO2, a renowned provider of application development and identity and access management software to enterprises worldwide, generates over 80% of its revenue from blue-chip clients in the Americas and EMEA regions.
WSO2 was founded in Asia and has established a global footprint, enabling thousands of enterprises, including the world’s largest corporations, universities, and governments, to drive their digital transformation rapidly, efficiently, and more securely. WSO2 does this through a comprehensive portfolio of offerings spanning Application Programming Interface Management, API Integration, and Identity and Access Management.
Both the API Management and Integration as well as IAM markets are witnessing significant tailwinds, driven by long-term trends such as the transition to hybrid and multi-cloud workloads, rising API volumes, accelerated adoption of Generative AI, and increasing sophistication of cyberattacks. WSO2 is well-positioned to capitalize on this robust market growth on the back of their strong product suite and entrenched customer relationships.
EQT Private Capital Asia will support WSO2’s next phase of accelerated growth and innovation, drawing on EQT’s deep experience in the software space, global network of industry experts and dedicated digital value-creation team. WSO2 joins EQT’s extensive global portfolio of enterprise software companies that already includes firms such as Billtrust, IFS, SUSE, Storable, and Waystar.
Hari Gopalakrishnan, Partner in the EQT Private Capital Asia advisory team, said: “Software is a key focus sector for EQT, and WSO2 is a strong company that has scaled globally with an enterprise customer base spread across the US and Europe. We are excited to partner with WSO2 and believe that the Company is well-positioned to capitalize on long-term trends such as digital transformation and rising GenAI adoption. We are confident of drawing on EQT’s proven software value creation playbook to further accelerate WSO2’s growth momentum.”
“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.”
