GEC NEWS WIREPacific Controls acquires equity in WSO2; enhances global leadership in delivering managed cloud services
Pacific Control Systems (PCS) has invested $20 million into WSO2, an open source cloud application development and middleware company. Further to this investment, Mr. Dilip Rahulan, Executive Chairman of PCS, will join the WSO2 board of directors.
Joined by Toba Capital, the investment will support WSO2 to meet increasing demand from professional developers for its comprehensive, open source middleware platform.
Mr. Dilip Rahulan said: “Pacific Controls’ investment in WSO2 further extends the strategic relationship between the two organizations. Pacific Controls leveraged its revolutionary software platform Galaxy-2021 together with WSO2 to offer end-to-end enterprise cloud computing solutions to global customers. The Galaxy-2021, designed using a state-of-the-art Services Oriented Architecture, enables end-to-end managed services for smart cities.”
“Using WSO2’s modular middleware products, built from the ground up to work together seamlessly, we have been able to accelerate our solution delivery and address the broad range of demands required to connect IoT with enterprise systems.” he added.
Dr. Sanjiva Weerawarana, Founder, CEO and Chief Architect of WSO2, said, “With the investment by Pacific Controls and Toba Capital, we can now strategically accelerate our ability to deliver on this vision. WSO2 will use the growth financing to advance the worldwide delivery of next-generation middleware solutions that address new business and IT models fueled by APIs, IoT, mobile computing, and the cloud.”
