OutSystems

Last updated
OutSystems- Software em Rede, S.A.
Company type Private
Industry Enterprise Software
Platform as a Service
Digital Transformation
Founded2001
Headquarters Boston, MA - USA
Key people
Woodson Martin, CEO
Teresa Occhiolini, CFO
Carlos Alves, COO
Tiago Azevedo, CIO
June Duchesne, General Counsel
Mark Quigley, Chief People Officer
Andy Pemberton, Chief Revenue Officer
ProductsOutSystems platform
RevenueIncrease2.svg $100 Million(2018) [1]
Website www.outsystems.com

OutSystems is a Portuguese low-code development platform [2] which provides tools for companies to develop, deploy and manage omnichannel enterprise applications.

Contents

OutSystems was founded in 2001 by Paulo Rosado in Lisbon, Portugal. [3]

In June 2018 OutSystems secured a $360M round of funding from KKR and Goldman Sachs and reached the status of Unicorn. [4] [5]

In February 2021 OutSystems raised another $150M investment from a round co-led by Abdiel Capital and Tiger Global Management, having a total valuation of $9.5 Billion. [6] Ionic was acquired by OutSystems in November 2022. [7]

OutSystems is a member of the Consortium of IT Software Quality (CISQ).

Products

OutSystems is a low-code development platform for the development of mobile and web enterprise applications, which run in the cloud, on-premises or in hybrid environments. [8]

In 2014 OutSystems launched a free version of the platform that provides developers with personal cloud environments to create and deploy web and mobile applications without charge. [9] The current version is 11.53, for both the paid and unpaid versions.

References

  1. ↑ "OutSystems Achieves Record Revenue in 2018 with Successful Customers Fueling Low-Code Market Leadership".
  2. ↑ Peer Insights, Gartner. "OutSystems - Gartner Peer Insights". Gartner. Retrieved 2023-03-13.
  3. ↑ || Forbes: Is Outsystems Portugal's Latest Unicorn?
  4. ↑ Mike Butcher (2018-06-05). "OutSystems raises $360M from KKR and Goldman Sachs". TechCrunch.
  5. ↑ Alex Bugge (2018-11-08). "Portugal's OutSystems eyes rapid expansion after securing funding: CEO". Reuters.
  6. ↑ OutSystems (2021-02-17). "OutSystems, Software Development Platform Leader, Raises $150 Million Investment at $9.5 Billion Valuation".
  7. ↑ "OutSystems Acquires Ionic to Unite the Power of Open Source Mobile Development with High-Performance Low-Code".
  8. ↑ || PCMag
  9. ↑ "Thousands of Developers Worldwide Empowered by OutSystems Free Cloud Offering". OutSystems. 2014-05-28.
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