WSO2 raises $6.5 million in growth financing - TMCnet

May 13, 2011 (Datamonitor Financial Deals Tracker via COMTEX) --WSO2, a Sri Lanka-based lean enterprise middleware company, has raised $6.5 million in growth financing round was led by Quest Software, Inc. and joined by existing investor Intel Capital.

Deal Value(US$ Million) 6.5

Deal Type Venture Finance Sub-Category Growth Capital/Expansion

Deal Status Completed: 2011-05-12

Deal Participants Target (Company) WSO2 Acquirer (Company) Quest Software, Inc.

Deal Rationale 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 its open source middleware platforms.

http://technews.tmcnet.com/news/2011/05/13/5509885.htm