Company:OutSystems

From HandWiki
OutSystems- Software em Rede, S.A.
TypePrivate
IndustryEnterprise Software
Platform as a Service
Digital Transformation
Founded2001
HeadquartersBoston, Massachusetts, USA
Key people
Woodson Martin, CEO
Fay Sien Goon, CFO
Carlos Alves, COO
Tiago Azevedo, CIO
Kris Lande, Chief Marketing Officer
June Duchesne, General Counsel
Mark Quigley, Chief People Officer
Kim Seabrook, Chief Revenue Officer
Mariana Quintanilha, Chief of Staff
ProductsOutSystems platform
RevenueIncrease $100 Million (2018)[1]
Websitewww.outsystems.com

OutSystems is an AI development platform designed for building, deploying, and managing AI apps and agents to accelerate enterprise development.[2][3][4]

Founded in 2001 in Lisbon, Portugal, OutSystems later established headquarters in Boston, Massachusetts.[5][6]

History

OutSystems was founded in 2001 by Paulo Rosado in Lisbon, Portugal.[6]

In 2018, the company raised $360 million in a funding round involving KKR and Goldman Sachs.[7][8] The company reported generating $100 million in revenue (at the time of its 2018 reporting).[6]

In 2021, OutSystems raised $150 million at a reported $9.5 billion valuation in a round led by Abdiel Capital and Tiger Global.[5][9]

In 2025, OutSystems appointed Woodson Martin as CEO, with founder Paulo Rosado transitioning to chairman.[10]

Products and technology

AI development platform

OutSystems an enterprise-proven AI development platform. It provides one platform to manage AI apps and agents across the full development lifecycle. It has been rated highly in customer satisfaction[11]

OutSystems Developer Cloud (ODC)

In 2021, OutSystems announced a cloud-based development platform known as “Project Neo,” made available for public preview ahead of a planned 2022 launch.[12] The platform uses a container- and Kubernetes-based architecture.[12]

In 2022, OutSystems Developer Cloud (ODC) was described as a cloud-native platform aimed at supporting large-scale application delivery and omnichannel experiences.[3]

AI and agentic capabilities

Mentor

Mentor (introduced in October 2024) is an AI-powered digital assistant intended to support software development lifecycle activities, combining low-code development with generative AI and AI-driven guidance.[13][14] OutSystems Mentor is part of the ODC.[13]

Agent Workbench

In 2025, OutSystems announced the general availability of Agent Workbench, designed for building and managing enterprise AI agents and agentic systems.[15][16][17]

Acquisitions

In 2022, OutSystems acquired Ionic, the company behind the Ionic framework and related mobile development tools.[18][19] The acquisition was described as expanding OutSystems’ capabilities related to mobile app development and cross-platform delivery.[19]

Security and compliance

In 2026, OutSystems announced it had achieved FedRAMP Authorization, positioning the platform for use cases requiring U.S. federal security compliance.[20]

Recognition

OutSystems has been included in G2’s 2026 Best Software Awards lists, including ranking #11 on G2’s “Best Development Software Products” list.[21]

References

  1. ↑ "OutSystems Achieves Record Revenue in 2018 with Successful Customers Fueling Low-Code Market Leadership". https://www.outsystems.com/news/low-code-market-leadership-record/. 
  2. ↑ "OutSystems CEO Woodson Martin - “AI needs governance, not froth”" (in en). 2025-10-06. https://diginomica.com/outsystems-ceo-woodson-martin-ai-needs-governance-not-froth. 
  3. ↑ 3.0 3.1 "OutSystems powers up cloud-native developer platform". https://www.computerweekly.com/blog/CW-Developer-Network/OutSystems-powers-up-cloud-native-developer-platform. 
  4. ↑ published, James Capell (2025-10-05). "The AI revolution is "oversold" says OutSystems CEO as it launches new Agentic AI platform" (in en). https://www.techradar.com/pro/the-ai-revolution-is-oversold-says-outsystems-ceo-as-it-launches-new-agentic-ai-platform. 
  5. ↑ 5.0 5.1 "Low-Code App Developer OutSystems Raises $150M, Now Valued at $9.5B | Built In Boston" (in en). https://www.builtinboston.com/articles/outsystems-raises-150m-hiring. 
  6. ↑ 6.0 6.1 6.2 Bugge, Axel (November 8, 2018). "Portugal's OutSystems eyes rapid expansion after securing funding: CEO". https://www.reuters.com/article/technology/portugal-s-outsystems-eyes-rapid-expansion-after-securing-funding-ceo-idUSKCN1ND2ER/. 
  7. ↑ Butcher, Mike (2018-06-05). "Portugal's OutSystems raises $360M from KKR and Goldman Sachs" (in en-US). https://techcrunch.com/2018/06/05/portugals-outsystems-raises-360m-from-kkr-and-goldman-sachs/. 
  8. ↑ Bugge, Axel (June 5, 2018). "Goldman Sachs, KKR invest $360 million in Portugal tech firm". https://www.reuters.com/article/technology/goldman-sachs-kkr-invest-360-million-in-portugal-tech-firm-idUSKCN1J114G/. 
  9. ↑ Wilhelm, Alex (2021-02-17). "Low-code focused OutSystems raises $150M at a $9.5B valuation" (in en-US). https://techcrunch.com/2021/02/17/low-code-focused-outsystems-raises-150m-at-a-9-5b-valuation/. 
  10. ↑ "OutSystems' new CEO must achieve commercial acceleration" (in en). 2025-11-11. https://www.techzine.eu/blogs/devops/136209/outsystems-new-ceo-must-achieve-commercial-acceleration/. 
  11. ↑ Mitchell, Sean. "OutSystems named G2 Leader for AI agent builders in 2026" (in en). https://itbrief.co.uk/story/outsystems-named-g2-leader-for-ai-agent-builders-in-2026. 
  12. ↑ 12.0 12.1 "OutSystems Announces a Cloud-Based Development Platform Project Neo in Preview" (in en). https://www.infoq.com/news/2021/11/outsystems-project-neo-preview/. 
  13. ↑ 13.0 13.1 "OutSystems Mentor: An AI-powered digital assistant for the entire SDLC" (in English). https://www.infoworld.com/article/4012931/outsystems-mentor-an-ai-powered-digital-assistant-for-the-entire-sdlc.html. 
  14. ↑ "How Generative AI Scales Business Innovation In Software Development" (in en). https://xebia.com/articles/scaling-business-innovation-how-generative-ai-is-transforming-software-development/. 
  15. ↑ "OutSystems announces general availabilty Agent Workbench" (in en). 2025-09-30. https://www.techzine.eu/news/devops/135043/outsystems-announces-general-availabilty-agent-workbench/. 
  16. ↑ "OutSystems' Agent Workbench enables enterprises to scale and govern agentic AI with greater control" (in en). 2025-09-30. https://www.techradar.com/pro/outsystems-agent-workbench-reaches-general-availability-helping-enterprises-streamline-operations-through-agentic-ai. 
  17. ↑ Lardinois, Frederic (2025-09-30). "OutSystems Launches a Low-Code Workbench for Building Enterprise AI Agents" (in en-US). https://thenewstack.io/outsystems-launches-a-low-code-workbench-for-building-enterprise-ai-agents/. 
  18. ↑ "OutSystems acquires mobile app development startup Ionic" (in en-US). 2022-11-07. https://siliconangle.com/2022/11/07/outsystems-acquires-mobile-app-development-startup-ionic/. 
  19. ↑ 19.0 19.1 Cornwall, Andrew (2022-11-08). "OutSystems Buys Ionic: What It Means" (in en-US). https://www.forrester.com/blogs/outsystems-buys-ionic-what-it-means/. 
  20. ↑ "OutSystems Achieves FedRAMP Authorization to Accelerate Digital Modernization Across U.S. Federal Agencies". https://www.businesswire.com/news/home/20260203881056/en/OutSystems-Achieves-FedRAMP-Authorization-to-Accelerate-Digital-Modernization-Across-U.S.-Federal-Agencies. 
  21. ↑ "Best Development Software Products for 2026" (in en). https://www.g2.com/best-software-companies/top-development. 

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