OutSystems

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

OutSystems- Software em Rede, S.A.
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
Revenue $100 Million(2018)[1]
Number of employees
1228 (2019)
Websitewww.outsystems.com

OutSystems was founded in 2001 in Lisbon, Portugal.[2]

In June 2018 OutSystems secured a $360M round of funding from KKR and Goldman Sachs and reached the status of Unicorn.[3][4]

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.[5]

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.[6]

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.[7] The current version is 11, for both the paid and unpaid versions.

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