On Friday enterprise middleware srartup WSO2 announced that it has closed $6.5 million in growth financing. The funding round was led by Quest Software and joined by existing investor Intel Capital. WSO2 will use the funds to expand its global operations; grow its Silicon Valley-based marketing, sales and support teams; and extend its platform-as-a-service (PaaS) offerings to support the rapid increase in global demand for WSO2’s open source middleware platforms.
In conjunction with the financing, WSO2 announced that it is moving to new office facilities in Palo Alto, CA this month to accommodate the growth of its Silicon Valley team.
“The strong revenues, customer adoption, and scale of deployments worldwide are powerful validation of our vision to bring agility to enterprises through a next-generation lean middleware platform based on open software standards,” said Dr. Sanjiva Weerawarana, founder and CEO of WSO2. “With the investment by Quest Software and Intel Capital, two leaders in cultivating technology innovators, we can now strategically accelerate the expansion of our global operations to address this growing demand.”
With the investment, Tyler Jewell, Quest Software investment manager, joins the WSO2 board as a board observer. He notes, “More enterprises worldwide are turning to WSO2’s integrated, customizable high-performance middleware to achieve a level of agility that traditional middleware providers can’t match. We are excited to support WSO2 in building on this success and expanding its global market presence.”
Lisa Lambert, vice president and managing director, Software and Service Group, Intel Capital says, “With its Carbon and Stratos product lines, WSO2 is well positioned to take advantage of growth opportunities in the middleware market. This latest round of funding will help WSO2 to further expand its business and build a leadership position.”http://www.startupgazette.com/2011/05/enterprise-middleware-startup-wso2-raises-6-5m-in-growth-financing/