WSO2 Secures $6,500,000 New Financing Round - Xconomy

WSO2 Secures $6,500,000 New Financing Round - Xconomy

Date 5/13/2011

Company Name WSO2

Mailing Address 14 Firebrick Rd Mountain View, CA 94130

Company Description

WSO2 was founded in August 2005 by leaders in Web services standards and Open Source software. We are an innovative Open Source technology company devoted to building Web services middleware, offering leading products, support and other services.

Website http://www.wso2.com

Transaction Type Venture Equity

Transaction Amount $6,500,000

Transaction Round Undisclosed

Proceeds Purposes

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.

M&A Terms

Venture Investor Quest Software

Venture Investor Intel Capital

http://www.xconomy.com/san-francisco/2011/05/13/wso2-secures-6500000-new-financing-round/?single_page=true