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OutSystems

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OutSystems
Company typePrivate
IndustryEnterprise Software
Platform as a Service
Digital Transformation
Founded2001
HeadquartersBoston, MA - USA
Key people
Paulo Rosado, CEO
Tim MacCarrick, CFO
Carlos Alves, Chief Customer Officer
ProductsOutSystems platform
RevenueIncrease $100 Million(2018)[1]
Number of employees
1228 (2019)
Websitewww.outsystems.com

OutSystems is a low-code platform which provides the tools for companies to develop, deploy and manage omnichannel enterprise applications.

OutSystems was founded in 2001 in Lisbon, Portugal[2] and is currently headquartered in Boston, Massachusetts, in the United States,[3] with offices in 11 countries.

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, 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 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, for both the paid and unpaid versions.

In 2019 OutSystems was cited as a leader in the Forrester Wave: Low-Code Development Platforms For AD&D Professionals, Q1 2019[9][10] and in the Magic Quadrant for Enterprise Low-Code Application Platforms[11][12] by Gartner.

In July 2019 OutSystems was also named a Leader in the Gartner Magic Quadrant for Multiexperience Development Platforms [13][14]

The OutSystems platform has won multiple CODiE Awards by the Software and Information Industry Association for Best mobile Development Solution in 2016,[15] 2017,[16] 2018 [17] and 2019 .[18]

References

  1. ^ https://www.outsystems.com/news/low-code-market-leadership-record/
  2. ^ || Forbes: Is Outsystems Portugal's Latest Unicorn?
  3. ^ || Crunchbase
  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.
  9. ^ "The Forrester Wave™: Low-Code Development Platforms For AD&D Professionals, Q1 2019". Forrester Research. 2019-03-13.
  10. ^ "OutSystems Named a Leader in Latest Low-Code Platforms Industry Report". Business Insider. 2019-03-26.
  11. ^ "Magic Quadrant for Enterprise Low-Code Application Platforms". Gartner. 2019-08-08.
  12. ^ "Low-Code Is the Future - OutSystems Named a Leader in the 2019 Gartner Magic Quadrant for Enterprise Low-Code Application Platforms". Business Wire. 2019-08-12.
  13. ^ "Magic Quadrant for Multiexperience Development Platforms". Gartner. 2019-07-10.
  14. ^ David Ramel (2019-07-16). "Low-Code Specialists Dominate 'Multiexperience Development Platform' Ranking". ADT Mag.
  15. ^ "SIIA CODiE Awards Winners 2016". SIIA.
  16. ^ "SIIA CODiE Awards Winners 2017". SIIA.
  17. ^ "SIIA CODiE Awards Winners 2018". SIIA.
  18. ^ "SIIA CODiE Awards Winners 2019". SIIA.
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