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
Paulo Rosado, CEO
Teresa Occhiolini, CFO
Carlos Alves, COO
Tiago Azevedo, CIO
Christine Nurnberger, CMO
June Duchesne, General Counsel
Mark Quigley, Chief People Officer
Andy Pemberton, Chief Customer Officer
ProductsOutSystems platform
RevenueIncrease2.svg $100 Million(2018) [1]
Website www.outsystems.com

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

Contents

OutSystems was founded in 2001 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]

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. [7]

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. [8] The current version is 11.53, for both the paid and unpaid versions.

Related Research Articles

Nuxeo is a software company making an open source content management system.

<span class="mw-page-title-main">WaveMaker</span> Low-code programming platform

WaveMaker is a Java-based low-code development platform designed for building software applications and platforms. The company, WaveMaker Inc., is based in Mountain View, California. The platform is intended to assist enterprises in speeding up their application development and IT modernization initiatives through low-code capabilities. Additionally, for independent software vendors (ISVs), WaveMaker serves as a customizable low-code component that integrates into their products.

<span class="mw-page-title-main">WSO2</span> Company providing open-source middleware

WSO2 is an open-source technology provider founded in 2005. It delivers software and cloud solutions that provide foundational technologies for application development and identity and access management (IAM). This represents an expansion upon its original focus on integrating application programming interfaces (APIs), applications, and web services locally and across the Internet.

<span class="mw-page-title-main">Cloud computing</span> Form of shared Internet-based computing

Cloud computing is the on-demand availability of computer system resources, especially data storage and computing power, without direct active management by the user. Large clouds often have functions distributed over multiple locations, each of which is a data center. Cloud computing relies on sharing of resources to achieve coherence and typically uses a pay-as-you-go model, which can help in reducing capital expenses but may also lead to unexpected operating expenses for users.

<span class="mw-page-title-main">Parasoft</span> Software testing framework

Parasoft is an independent software vendor specializing in automated software testing and application security with headquarters in Monrovia, California. It was founded in 1987 by four graduates of the California Institute of Technology who planned to commercialize the parallel computing software tools they had been working on for the Caltech Cosmic Cube, which was the first working hypercube computer built.

<span class="mw-page-title-main">AppScale</span> American cloud infrastructure software company

AppScale is a software company offering cloud infrastructure software and services to enterprises, government agencies, contractors, and third-party service providers. The company commercially supports one software product, AppScale ATS, a managed hybrid cloud infrastructure software platform that emulates the core AWS APIs. In 2019, the company ended commercial support for its open-source serverless computing platform AppScale GTS, but AppScale GTS source code remains freely available to the open-source community.

<span class="mw-page-title-main">Tradeshift</span> Global cloud based business platform and network

Tradeshift is a cloud based business network and platform for purchase-to-pay automation, supply chain payments, marketplaces, virtual cards and supply chain financing. Its 2018 round of funding, led by Goldman Sachs, raised US$250 million at a valuation of $1.1 billion, giving the company unicorn status. Tradeshift is headquartered in San Francisco, California and has offices in London, Copenhagen, Bucharest and Kuala Lumpur. Tradeshift has reprocessed over $1 trillion USD through transactions on its network.

DevOps is a methodology in the software development and IT industry. Used as a set of practices and tools, DevOps integrates and automates the work of software development (Dev) and IT operations (Ops) as a means for improving and shortening the systems development life cycle. DevOps is complementary to agile software development; several DevOps aspects came from the agile way of working.

A mobile enterprise application platform (MEAP) is a suite of products and services that enable the development of mobile applications. The term was coined in a Gartner Magic Quadrant report in 2008 when they renamed their "multichannel access gateway market".

<span class="mw-page-title-main">Mirantis</span> Cloud computing software and services company

Mirantis Inc. is a Campbell, California, based B2B open source cloud computing software and services company. Its primary container and cloud management products, part of the Mirantis Cloud Native Platform suite of products, are Mirantis Container Cloud and Mirantis Kubernetes Engine. The company focuses on the development and support of container and cloud infrastructure management platforms based on Kubernetes and OpenStack. The company was founded in 1999 by Alex Freedland and Boris Renski. It was one of the founding members of the OpenStack Foundation, a non-profit corporate entity established in September, 2012 to promote OpenStack software and its community. Mirantis has been an active member of the Cloud Native Computing Foundation since 2016.

<span class="mw-page-title-main">Dynatrace</span> American technology company

Dynatrace, Inc. is a global technology company that provides a software observability platform based on artificial intelligence (AI) and automation. Dynatrace technologies are used to monitor, analyze, and optimize application performance, software development and security practices, IT infrastructure, and user experience for businesses and government agencies throughout the world.

A low-code development platform (LCDP) provides a development environment used to create application software, generally through a graphical user interface. A low-coded platform may produce entirely operational applications, or require additional coding for specific situations. Low-code development platforms are typically on a high abstraction level, and can reduce the amount of traditional time spent, enabling accelerated delivery of business applications. A common benefit is that a wider range of people can contribute to the application's development, not only those with coding skills, but good governance is needed to be able to adhere to common rules and regulations. LCDPs can also lower the initial cost of setup, training, deployment, and maintenance.

<span class="mw-page-title-main">UiPath</span> Romanian-American developer of robotic process automation software

UiPath Inc. is a global software company that makes robotic process automation (RPA) software. It was founded in Bucharest, Romania, by Daniel Dines and Marius Tîrcă. Its headquarters are in New York City. The company's software monitors user activity to automate repetitive front and back office tasks, including those performed using other business software such as customer relationship management or enterprise resource planning (ERP) software.

Monday.com Ltd. is a cloud-based platform that allows users to create their own applications and project management software. The product was launched in 2014 and in July 2019, the company raised $150 million, based on a $1.9 billion valuation. The company went public in June 2021 and is based in Tel Aviv, Israel.

Lightricks, founded in January 2013, is a company that develops video and image editing mobile apps, known particularly for its selfie-editing app, Facetune. Headquartered in Jerusalem, the firm has approximately 600 employees. As of 2023, its apps have been downloaded over 730 million times. In 2024, Lightricks introduced LTX Studio, a platform for creating and editing videos using AI.

Creatio is a global vendor of software to automate workflows and a CRM with no-code development.

Perimeter 81 is an Israeli cloud and network security company that develops secure remote networks, based on the zero trust architecture, for organizations. Its technology replaces legacy security appliances like VPNs and firewalls.

<span class="mw-page-title-main">Unqork</span> American application development software company

unqork is a cloud computing and enterprise software company based in New York, NY that offers a no-code development platform-as-a-service (PaaS) for building enterprise applications. unqork supports organizations in finance, insurance, healthcare, and government.

Snyk is a cybersecurity company specializing in cloud computing. It was founded in 2015 out of London and Tel Aviv with headquarters in Boston.

LeanIX is a software company focused on enterprise architecture management, value stream management, and SaaS management. The company was founded on January 10, 2012, by Jörg Beyer and André Christ in Bonn, Germany.

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. || PCMag
  8. "Thousands of Developers Worldwide Empowered by OutSystems Free Cloud Offering". OutSystems. 2014-05-28.