Goldman Sachs Group Inc. is injecting $90 million into tech firm WSO2, taking a stake in a low-code software maker as companies try to cope with a shortage of developers by letting salespeople, accountants and other business-line workers make their own apps.
The Wall Street bank, which is expected to announce the deal Monday, said the 16-year-old WSO2 provides “mission-critical services” for businesses across industries and added that the move aligns with Goldman’s focus on investing in high-growth software companies.
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The Wall Street bank, which is expected to announce the deal Monday, said the 16-year-old WSO2 provides “mission-critical services” for businesses across industries and added that the move aligns with Goldman’s focus on investing in high-growth software companies.
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