OutSystems Unveils Major Boston Expansion Driven by Growth in North America

Boston -  09 May 2019

Low-Code Application Development Leader Doubles North American Employment and Its Space in Boston

OutSystems, provider of the number one platform for low-code rapid application development, has revealed its new and expanded Boston office. The expansion is fueled by an exponential growth in product adoption, over 100% growth in North American employment, and a 66 percent increase in annual recurring revenue worldwide in 2018.

The new 14,600-foot office space, located at 55 Thomson Place, is in the heart of the Boston Seaport district and is more than double the size of its previous Boston office. Boston was ranked the ninth likeliest city globally to become a “leading technology innovation hub outside of Silicon Valley over the next four years,” according to an annual survey by KPMG. *Technology Innovation Hubs 2019, KPMG.

“We’re thrilled to grow our operations in Boston, one of the world’s true technology capitals,” said Paulo Rosado, CEO of OutSystems. “As our customers continue to innovate and speed their digital transformation initiatives with our low-code platform, we’ll be making more investments in the North American region to ensure their continued success.”

The market for low-code rapid application development continues to grow at a fast pace. A recent report by Forrester* noted that 23 percent of developers in a recent survey are already using low-code platforms and another 22 percent plan to within a year. While Forrester said, “digital businesses’ demand for even more software ever more quickly is the big driver of adoption,” the report also noted that customers are responding to vendors’ efforts to remove previous limitations on low-code adoption. *The Forrester Wave™: Low-Code Development Platforms For AD&D Professionals, Q1 2019.

OutSystems closed out 2018 as its most successful year ever. The company pushed its annual recurring revenue over $100 million for the first time, posting a 66 percent increase over 2017. Worldwide employment increased by nearly 400 in 2018, to over 1,000. OutSystems added hundreds of new customers and nearly 60,000 new developers during the year, and a $360 million funding round from KKR and Goldman Sachs increased the company’s valuation to over $1 billion.

Content you can’t miss
Build a Digital Experience Portfolio: The Strategy and Technology You Need To Create Tomorrow’s Digital Experiences

Digital Customer Experiences used to be a decision between building a web or mobile application. As Forrester points out, digital business pros must pursue a digital experience portfolio strategy that allows them to win, serve, and retain their customers, where they need them when they need them.

Thinkmoney Powers Customer-Centric Digital Transformation with OutSystems

In 2018, thinkmoney went in search of a more agile way to improve their digital services and accelerate customer experience improvement. By adopting OutSystems to power their digital transformation program, they have gained the freedom to innovate at speed.

Customer Experiences for the New Decade: Tales, Learnings, and Pitfalls

In this session, César Marto, Associate Partner, Digital Technology from Deloitte will show you how any company can leverage emerging technologies such as AI and AR/VR to design innovative customer and partner experiences.

Journalists and analysts can contact us directly at pr@outsystems.com or +1 404-994-2614