In 2001, the group of founders got together and added the last details to the OutSystems business plan. We wanted to solve a big problem: fix the IT productivity issue of delivering large Intranet (browser-based internal apps) and Extranet (customer and partner portals and APIs) systems. These projects were plagued with failure, delays and were constantly over budget. We also wanted to ride the one trend we knew would revolutionize enterprise IT: software systems running on hardware hosted outside the enterprise data center. In March 2001, OutSystems was born.