An Echelon Media Company
Sunday June 23rd, 2024

Sanjiva Weerawarana on fundraising, building products and the 50X exit

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.