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Goldman Sachs Injects $90 Million Into Software Maker WSO2
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<blockquote data-quote="hariuda" data-source="post: 27082050" data-attributes="member: 429102"><p><a href="https://www.wsj.com/market-data/quotes/GS" target="_blank">Goldman Sachs Group</a> 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.</p><p>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.</p><p></p><p></p><p></p><p><a href="https://www.wsj.com/articles/goldman-sachs-injects-90-million-into-low-code-software-maker-wso2-11636673371?reflink=share_mobilewebshare" target="_blank">link</a></p></blockquote><p></p>
[QUOTE="hariuda, post: 27082050, member: 429102"] [URL='https://www.wsj.com/market-data/quotes/GS']Goldman Sachs Group[/URL] 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. [URL='https://www.wsj.com/articles/goldman-sachs-injects-90-million-into-low-code-software-maker-wso2-11636673371?reflink=share_mobilewebshare']link[/URL] [/QUOTE]
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