TechCrunch
Meet the founder who built and sold a $600M enterprise software startup from Sri Lanka
Sri Lanka isn’t renowned for its startup ecosystem, but one company has been something of an outlier in the South Asian island nation these past two decades. An open source enterprise software provider with customers such as Samsung, Axa, and AT&T, WSO2 recently agreed to be acquired by private equity giant EQT, at a valuation TechCrunch reported at the time to be north of $600 million. The transaction, which remains subject to regulatory approvals, means that EQT will become WSO2’s sole owner, procuring all outstanding shares including those of WSO2’s investors and current and ex-WSO2 employees.
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