WSO2 expands to Malaysia

In a bid to extend its presence in the Asia Pacific region, WSO2 announced that it’s now incorporated in Malaysia. With this, the company now hosts a dozen offices across the world including Sri Lanka, Brazil, Germany, India, Singapore, the UAE, the UK, and the US.

“The country is key to our international reach and we’re here as a result of our continuous growth and development over the past 17 years,” WSO2 mentioned in a blog post. The company first entered the Malaysian market back in 2016 after onboarding Telekom Malaysia, one of the country’s biggest telecom operators, as one of its clients. Now, its incorporation in the country comes as a “first step toward a long-term commitment” to the country, claims WSO2.

Following up a promising 2022

The announcement follows an interesting 2022 for the Lankan-based company as it expects to close the financial year at 30% year on year growth. In May 2022, WSO2 completed its USD 93 million funding round, with USD 90 million coming from the Goldman Sachs Group. At the time it was indicated that this funding will be directed towards building its Choreo and Asgardeo platforms, along with its other suite of products including Ballerina. The company also specified that it continue to expand WSO2’s geographical presence, which it followed up by registering a subsidiary in India, while incorporating offices in Singapore and Malaysia.

Since we first entered the Malaysian market in 2016, we’ve partnered with several large customers and increased our business portfolio. Our Malaysia-based clients value our presence to accelerate their digital efforts and deliver enhanced digital experiences.

WSO2

So far, WSO2 has raised USD 140 million in equity capital in total, bringing it’s valuation to over USD 600 million. The company currently hosts over 900 employees and its 800 customers extend to 90 countries. Interestingly, WSO2 is also seemingly exploring tech acquisition opportunities, having previously bought Platformer to extend the company’s Kubernetes capacity.

Further, WSO2 has stated its intent on going public in the US by 2025. In the short term however, the middleware company it may not surprising to see it set up more international offices in the coming months. As per the company, “China, India, and Singapore were the cornerstones of the plan when WSO2 first focused its attention on the APAC region.” Regardless, it will be interesting to see how the tech enterprise’s ambitions pan out following its incorporation in Malaysia.