Business
‘WSO2, Sri Lanka’s largest software company, closes yet another successful year’
The expansion of WSO2’s worldwide customers, revenues, team, partner network, and speaking engagements at leading global events positions the company for its next stage of growth
WSO2, a global leader in digital transformation technologies, today announced that it is on track to close this financial year with 30% year-over-year (YoY) growth. Contributing to customer adoption was WSO2’s participation in several of the world’s most influential tech and software development conferences visited by over 500,000 industry experts in 2022. More than 800 customers in over 90 countries—including government agencies and global leaders in financial services, communications, healthcare, and technology—now rely on WSO2’s products and solutions.
In 2022, WSO2 saw additional gains, including:
Double-digit growth in annual recurring revenue (ARR) across the company’s business units
Extension of the partner network to over 200 across the Americas; Europe, the Middle East, and Africa (EMEA); and Asia-Pacific
Expansion of WSO2’s global team to 900-plus employees
Global recognition in analyst reports from Gartner, G2, Forrester, and KuppingerCole, among others
Two new offices incoporated in Singapore and Malaysia
Global Presence in 2022 Supports Next Stage of Growth
In 2022, WSO2 invested significantly in expanding its global market presence by participating in 100-plus events, including the global Gartner Summits and Symposiums, GITEX (Dubai), KubeCon + CloudNativeCon (North America), and Identity Week (UK and Singapore). The recently concluded Gartner IT Symposiums in Europe and North America, alone, had a combined audience of 17,000 attendees.
The events have also provided a platform for WSO2 to exchange insights and best practices with other industry experts, staying true to the company’s open-source values. WSO2 executives speaking at the conferences have included:
Asanka Abeysinghe, chief technology evangelist
Kanchana Wickremasinghe, vice president and general manager, API and integration
Geethika Cooray, vice president and general manager, IAM
Seshika Fernando, vice president – banking and financial services
Growing Demand for WSO2’s Solutions
WSO2’s strong growth has persisted despite global economic uncertainty. Many organizations have accelerated their digital transformation initiatives to enable online communications, collaboration, and commerce, reducing project schedules from years to months or weeks. These companies increasingly rely on WSO2 for API management, integration, and customer identity and access management (CIAM) in order to innovate new, secure digital services and applications faster. WSO2’s next-generation cloud solutions: Choreo, Asgardeo, and WSO2 Private CIAM Cloud, help wider audiences take advantage of the company’s solutions technologies.
“For a company founded in Sri Lanka to stand side by side at leading global events with technology giants like Microsoft, Google, and Intel is an impressive feat. It demonstrates the company’s, and our people’s, standing within the industry”, said Radhik Colombage, vice president of corporate marketing at WSO2. “In the past year alone, we’ve presented at over 100 events, speaking to thousands on diverse platforms and stages. These events attract the who’s who, the movers-and-shakers, and thought leaders of next-generation industries. That is a massive accomplishment, showing how much we’ve grown as a company over the past two decades”.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
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