WS02 to pass USD 500 Mn turnover figure in 2022
WSO2, a global leader in digital transformation technologies, announced that it is on track to close this financial year with 30% year-over-year (YoY) growth.
Sri Lanka’s Largest Software Company, WSO2 is expected to pass USD 500 million turnover for 2022 financial year.
“For a company founded in Sri Lanka to stand side by side at leading global events with technology giants like Microsoft, Google, and Intel is an impressive feat. It demonstrates that the company, and our people are, standing within the industry,”said Vice President of Corporate Marketing at WSO2, Radhik Colombage.
“In the past year alone, we’ve presented at over 100 events, speaking to thousands on diverse platforms and stages. These events attract the who’s who, the movers-and-shakers, and thought leaders of next-generation industries. That is a massive accomplishment, showing how much we’ve grown as a company over the past two decades”.
In 2022, WSO2 saw additional gains, including: double-digit growth in annual recurring revenue (ARR) across the company’s business units, Extension of the partner network to over 200 across the Americas; Europe, the Middle East, and Africa (EMEA); and Asia-Pacific, Expansion of WSO2’s global team to 900-plus employees and two new offices being incorporated in Singapore and Malaysia.
WSO2’s strong growth has persisted despite global economic uncertainty. Many organizations have accelerated their digital transformation initiatives to enable online communications, collaboration, and commerce, reducing project schedules from years to months or weeks. These companies increasingly rely on WSO2 for API management, integration, and customer identity and access management (CIAM).
In 2022, WSO2 invested significantly in expanding its global market presence by participating in 100-plus events, including the global Gartner Summits and Symposiums, GITEX (Dubai), KubeCon + CloudNativeCon (North America), and Identity Week (UK and Singapore). Contributing to customer adoption was WSO2’s participation in several of the world’s most influential tech and software development conferences visited by over 500,000 industry experts in 2022. More than 800 customers in over 90 countries including government agencies and global leaders in financial services, communications, healthcare, and technology now rely on WSO2’s products and solutions. (AK)