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WSO2 raises $6.5 million in growth financingMay 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. [ Back To TMCnet.com's Homepage ] |