OutSystems Raises $360 Million Investment from KKR and Goldman Sachs

OutSystems, the low-code pioneer and the market’s biggest and longest-running pure-play company, today announced it has raised $360 million in an investment round from KKR and Goldman Sachs, valuing the company at over $1 billion dollars. The proceeds will be used to accelerate OutSystems’ business expansion and for R&D in new investments in software automation.

A high productivity platform for developing and delivering enterprise web and mobile applications, OutSystems is disrupting the software development space, solving one of the biggest problems facing businesses today: the lack of speed and agility of traditional software development that is hindering digital transformation initiatives.

In the Asia Pacific region, OutSystems has 180 customers including the likes of Toyota, Ricoh, Schneider Electric, Atos, and Transnational Diversified Group (TDG) and acquiring an average of 20-25 new customers each business quarter. From 10 employees two years ago, OutSystems has experienced tremendous growth with a current headcount of 80 supporting regional enterprise customers betting on low-code to transform their business.

We would like to interest you in speaking to Mark Weaser, Vice President, Asia Pacific, OutSystems to find out what the investment means for OutSystems in the Asia Pacific region. Discussion points you can expect include:
  • OutSystems’ business milestones in Asia Pacific in 2017/1H 2018
  • APAC low-code market landscape: current state of market adoption, growth potential, APAC customer success stories, new opportunities
  • APAC benefits: How the investment will help drive OutSystems’ business expansion, talent development and customer success in the region

Overview on the low-code market:
  • Low-Code, a $27 billion market, is entering the mainstream. It’s been recognised as one of the fastest growing segments of software development by Gartner, Forrester and Ovum, with compound annual growth rates projected at around 44 percent. In Asia Pacific, as in globally, companies of all sizes are taking advantage of the low-code, modular development approach to build software faster (days rather than months or years), less expensively and more collaboratively than with traditional coding. It is the alternative to traditional software coding and is redefining how Asia Pacific enterprises develop software applications.
  • OutSystems, founded in 2001, is a pioneer in the market, establishing itself years before experts started to recognise low-code’s potential. It has revenues of more than $100 million, annual growth rates topping 70 percent and customers in over 52 countries. Customers include Toyota, Logitech, Deloitte, Ricoh, Schneider Electric, and GM Financial.