Pacific Control Systems invests $20 million in cloud application manufacturer WSO2
The move comes as PCS aims to maneuver itself into position as the world leader in Internet of Things (IoT) and machine-to-machine (M2M) solutions. PCS invested in the Sri Lanka-based WSO2 to meet increasing demand from professional developers for a comprehensive, open-source middleware platform.
Middleware is the important branch of software that connects two separate digital applications, such as linking a database system to a web server.
On top of the $20 million investment, which was made in conjunction with the private venture firm Toba Capital, PCS Executive Chairman Dilip Rahulan will join the WSO2 board of directors.
PCS looks to be a pioneering company in the convergence of networked computing and large-scale data management. The ultimate goal is a real time machine intelligence that drives the integration of physical and virtual worlds.
The company sees WSO2’s solutions for building, integrating, managing and securing applications and web services as a key element to that type of integration.
Rahulan said WSO2’s products offer enterprise cloud computing solutions that will be required to design end-to-end managed services for the smart cities of the future.
“As a customer, we have experienced the unique advantage of WSO2’s comprehensive open source platform,” Rahulan said. “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. WSO2 has remarkable potential to reshape how enterprises adapt their applications and services to today’s demands.”