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RE: LeoThread 2024-08-04 09:03

in LeoFinance5 months ago

Meet the founder who built and sold a $600M enterprise software startup from Sri Lanka

Sanjiva Weerawarana co-founded WSO2 in 2005, recently selling it for more than $600M. He sometimes drives for Uber, too.

Sri Lanka isn’t renowned for its startup ecosystem, but one company has been something of an outlier in the South Asian island nation these past two decades. An open source enterprise software provider with customers such as Samsung, Axa, and AT&T, WSO2 recently agreed to be acquired by private equity giant EQT, at a valuation TechCrunch reported at the time to be north of $600 million. (We can now confirm that the valuation was in fact exactly $600 million.)

#technology #startup #srilanka