OutSystems
| Company type | Private |
|---|---|
| Industry | Enterprise software, Digital transformation |
| Founded | 2001 in Lisbon, Portugal |
| Founder | Paulo Rosado |
| Headquarters | Boston , United States |
Area served | Worldwide |
| Products | Low-code development platform (OutSystems platform) |
| Website | www |
OutSystems is a Portuguese low-code development platform designed to assist organizations in creating, deploying, and managing omnichannel enterprise applications seamlessly.
Established in 2001 by Paulo Rosado in Lisbon, Portugal, OutSystems has evolved into a key contender within the enterprise software and digital transformation sectors.
In June 2018, the company attained unicorn status after securing $360 million in investment from KKR and Goldman Sachs. Subsequently, in February 2021, it raised an extra $150 million through a funding round co-led by Abdiel Capital and Tiger Global Management, which valued the company at $9.5 billion. Expanding its mobile development offerings, OutSystems acquired Ionic in November 2022.
Operating as a privately held firm based in Boston, Massachusetts, OutSystems focuses on its core product, the OutSystems platform. Additionally, it holds membership in the Consortium of IT Software Quality (CISQ).
Products
OutSystems provides a low-code development platform that enables the creation of enterprise-grade mobile and web applications capable of running in cloud-based, on-premises, or hybrid environments.
In 2014, the company launched a free edition that grants developers access to personal cloud environments for application development and deployment without charge. The platform’s latest version is 11.53, offered in both free and commercial formats.