MARKET MOVEMENT
Global investment organisation EQT to acquire software vendor WSO2
WSO2 , the provider in digital transformation technology , announced that it has signed a definitive agreement to be acquired by EQT . Since its inception in 2005 , WSO2 has been at the forefront of building innovative software that allows organisations to seamlessly deliver digital experiences . Today , WSO2 ’ s platform offers a complete set of market solutions across integration , API management , identity & access management , IAM and application development .
Thousands of organisations , including hundreds of the world ’ s largest corporations , top universities , and governments , rely on WSO2 ’ s cloud native software as a service , SaaS and open-source offerings to drive their digital initiatives – executing 60 trillion transactions and managing over 1 billion identities each year .
With EQT as its new partner , WSO2 reaffirms its commitment to delivering innovative solutions that address the evolving needs of modern businesses .
EQT is a purpose-driven global investment organisation with EUR 242 billion in total assets under management and the third largest private equity firm globally . Founded three decades ago by the Swedish Wallenberg family , EQT owns portfolio companies and assets in Europe , Asia-Pacific and the Americas and supports them in achieving sustainable growth , operational excellence and market providership .
“ WSO2 remains focused on driving customer success , fostering community collaboration , and delivering innovative software that unlocks new value creation opportunities for organisations worldwide ,” said Dr Sanjiva Weerawarana , CEO and Founder of WSO2 .
Hari Gopalakrishnan , Partner in the EQT Private Capital Asia advisory team , said : “ We are excited to partner with WSO2 as it helps customers across industries drive their digital transformation and enhance operational resilience . We believe that WSO2 is well-positioned to capitalise on long-term trends such as digital transformation and rising generative AI adoption and are confident of drawing on EQT ’ s proven software value creation playbook to further accelerate WSO2 ’ s strong growth .”
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UAE based financial data analytics company Lune , secures $ 1.5 million seed funding
Lune , an Emirati financial data analytics company , has successfully concluded a seed funding round of $ 1.5 million . This investment will fuel further expansion of Lune ’ s MENA operations and solidify their position as a provider in data-driven financial solutions .
The funding round has successfully attracted key investors , including Dubai
Future District Fund , Plus Venture Capital , Reach International , Judah Ventures , and a renowned group of family offices and angel investors . They join Lune ’ s wellestablished network of supporters , which includes incubators and accelerators such as Hub71 , Flat6Labs , Mohammad Bin Rashid Innovation Fund , Authority of Social Contribution – Ma ’ an , and DIFC FinTech Hive . These organisations provided Lune with valuable guidance and support during its earlier stages .
Lune ’ s success reflects a growing market demand for transaction enrichment and data analytics solutions , particularly within the neobanking sector and increasingly among traditional banks . While neobanks are known for their digital-first approach , reliant on accurate and insightful data to personalise offerings , mitigate fraud , and optimise customer journeys , traditional banks are also undergoing a digital transformation . Lune is helping bridge the gap by providing them with the tools they need to compete in this new landscape .
Lune ’ s regional success , exemplified by its emergence as a preferred provider of analytical data in the UAE and Saudi Arabia , underscores its value proposition . Additionally , the company boasts strong traction across the UAE , Saudi Arabia , and Bahrain , with strategic expansion planned for Oman , Qatar , Kuwait , and Egypt . Furthermore , an upcoming partnership with a major GCC payments company is poised to significantly amplify Lune ’ s reach and impact within the region .
“ We are thrilled to have secured this investment ,” said Helal Tariq Lootah , Co-CEO and Co-Founder of Lune . “ We are committed to providing our clients with the most advanced and secure data-driven solutions , while simultaneously promoting a sustainable financial future .”
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