WSO2 expands global customer base and revenues in 2020

WSO2, the leader in digital transformation technology, recently announced that 139 enterprises joined as new customers in 2020. Now, 550 of the world’s largest corporations, top universities, and governments rely on WSO2’s open source, cloud-native solutions to drive their digital initiatives, executing over 6.2 trillion transactions annually.

In 2020, WSO2 gained double-digit growth in annual recurring revenue across the company’s business units and expanded to 700-plus employees worldwide. WSO2 also added 63 channel partners across the globe and saw 80% growth in original equipment manufacturing (OEM) partners.

WSO2’s strong growth has continued despite the disruption of the global pandemic. Even as some companies were forced to cut their budgets, many organizations accelerated their digital transformation efforts to enable online communications, collaboration and commerce—compressing project timelines from years to months. Increasingly, these enterprises have turned to WSO2 for API management, integration, and customer identity and access management (CIAM) to harness the full power of their APIs to securely deliver the digital services and applications powering their businesses.

Contributing to adoption of WSO2’s technologies was the introduction of two vertical industry practices in 2020: WSO2 Banking, Financial Services & Insurance (BFSI) and WSO2 Healthcare. In addition to providing customized solutions, the groups deliver turnkey, API-driven interoperability solutions, including WSO2 Open Banking and WSO2 Open Healthcare.