Top 50 largest unicorn companies in the world (P.47) OutSystems: Platform to develop and manage applications


( You need little programming knowledge to be able to build an application yourself with OutSystems.

OutSystems is a low-code platform which provides tools for companies to develop, deploy and manage omnichannel enterprise applications. OutSystems was founded in 2001 in Lisbon, Portugal.

The OutSystems platform is based on low code. This means that you need little programming knowledge to be able to build an application yourself. This certainly applies to the development of standard applications. With just a few clicks you can quickly design a screen. But most applications are not standard. OutSystems offers professionals an easy way to deliver applications visually and quickly. Because of this visual programming, it is easy for development and business to work together for fast delivery of software with added business value.

One of the biggest cornerstones of OutSystems is the very short development lead time. Visual programming allows you as a developer to create a functioning application in a very short time. In the past one might needed seven programmers for seven months to deliver an application, whereas it now costs only one and a half months with two OutSystems developers.

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

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.

According to wikipedia

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