SINGAPORE – May 23, 2016 – Companies around the globe have made digital transformation a top business priority, fueling the need for more technology consulting and service providers to become OutSystems Partners in order to build and deploy applications on OutSystems Platform — the most trusted Rapid Application Development and Delivery (RAD) platform for enterprise.
Currently, of the 140 leading IT services and consulting companies that partner with OutSystems, 15 are based in Singapore, Australia, New Zealand, and Southeast Asia. Together these partners form a solid global community that has helped make OutSystems the platform of choice at organizations across a wide range of sectors. Insurance companies, banks, telcos, retailers, manufacturers, biotechs, universities, utilities, transportation companies and many other types of enterprises rely on applications built by OutSystems Partners on OutSystems Platform to achieve digital transformation.
OutSystems, an Atlantic-based company that provides services to help enterprises to quickly build line-of-business app. Beginning of 2016, the company has raised a $55 million funding round led by North Bridge Growth Equity. Previous investors in the company include ES Ventures and Portugal Ventures. OutSystems has been cited by many media globally as one of the top list of pre-IPO B2B companies.
“Mobile applications are becoming a priority for many organizations. They empower businesses to make gains in efficiency and productivity and deliver return on investment,” says Carlos Alves, Vice President, Global Sales at OutSystems. “We now have more companies using apps to transform their organization, and they’re demanding apps that deliver excellent user experience as well as functionality. This opens up a tremendous volume of business that our Partners can take advantage of by rapidly building apps on OutSystems Platform.”
OutSystems Partners benefit by delivering time-to-value, meaning they can develop and deploy an app on OutSystems Platform in significantly less time than using other methods. Other benefits include opportunities to increase recurring revenue, improve productivity and resource utilization to increase profits, and to leverage OutSystems Platform to broaden their portfolio of services.
Renvi Martinez, President and General Manager, Transnational E-Business Solutions, Inc., says, “OutSystems Platform lowers technical barriers with developers building apps. Skills reuse is definitely a plus, while reducing the technical risk providing security, reliability and scalability.”
Many OutSystems Partners, including those in the Asia Pacific region, also use OutSystems Platform on Microsoft Azure. This offering combines the standards, security and reliability from Microsoft — that many developers know and trust — with the ability to rapidly build beautiful applications in OutSystems.
Faisal Rafi, Country Head Singapore and Senior Vice President, Technology Services at Xchanging, a CSC Company, says, “OutSystems encapsulates the entire SDLC from conceptualization to implementation on one platform and can lead to significant gains on productivity.”
According to Andrew Dean, Managing Director and CEO of DB Results, a digital business consulting and technology company with offices in Australia and Hong Kong, “We are faster since we started working with OutSystems. Faster delivery, faster training for our team, faster time to value and faster delivery of projects to our customers — and new repeated business!”
For many technology consulting and services firms, the low-code platform business model in general and OutSystems Platform in particular represents an exceptional growth opportunity. OutSystems received the highest score in the current offering category and was among the highest scores in the strategy category in The Forrester Wave™: Low-Code Development Platforms, Q2 2016. In terms of market size and growth, another recent Forrester report states that the low-code platforms market generated at least USD 1.7 billion in revenue during 2015 and will grow to approximately USD 15.5 billion by 2020. In 2015, OutSystems grew subscription revenue by more than 60 percent. This increase is due to the Platform’s ability to improve operational efficiency, business agility, and employee productivity. To keep up with demand, OutSystems is seeking Partners that possess industry expertise, local delivery capabilities, and can offer a high level of service to customers.
Source: Media OutReach