Sri Lanka-based open-source software company, WSO2, will be acquired by EQT, a Swedish private equity firm, at a valuation equivalent to six times its revenue and for its founding investors a 50X exit. WSO2’s Founder and Chief Executive Officer, Sanjiva Weerawarana says the valuation multiple vindicates the founding vision of building software products, and doing so based out of Sri Lanka.
Echelon Studio