OutSystems
To empower every company to innovate through the power of software. OutSystems aims to fundamentally transform how enterprise software is developed by making software changes cheap, fast, and robust at any point in the lifecycle through AI-powered low-code development.
Founding Story
OutSystems was founded in 2001 in a garage in Portugal by seasoned IT professionals Paulo Rosado and Rui Pereira. They recognized that a large majority of software projects were failing to meet deadlines or overrunning budgets due to the traditional waterfall approach to development, which made changes increasingly costly in later stages. Their vision was to achieve a complete reversal of software delivery—making software changes cheap, fast, and robust at any point in the lifecycle, independent of application size. They analyzed the anatomy of software change to build a platform that would overcome the limitations of existing development methodologies.
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Leadership
Founders
Paulo Rosado
Computer Engineering degree from Universidade Nova, Lisbon; Master's in Computer Science from Stanford University; worked at Oracle Corp in R&D and product management in Silicon Valley; co-founded Intervento (sold in 1999); served as executive at Altitude Software before founding OutSystems in 2001
Rui Pereira
Co-founder of OutSystems; spent over 23 years building the business from the ground up; served as VP of Global Channels and Alliances and VP of Partners and Alliances; worked with large organizations in manufacturing, telecom, and financial industries; specializes in digital transformation initiatives
Executive Team
Woodson Martin
Chief Executive Officer
Appointed CEO in May 2025; former Salesforce veteran with extensive experience in enterprise software; joined OutSystems to scale next era of innovation and expansion
Paulo Rosado
Founder and Chairman of the Board
Founded OutSystems in 2001; served as CEO for over 23 years; Stanford MS in Computer Science; former Oracle R&D and product management; transitioned to Chairman role in May 2025
Business Model
Revenue Model
Subscription-based SaaS model with pricing based on: (1) Application scale and complexity measured by Application Objects (AOs) - sum of screens, database tables, and API methods; (2) User volume - internal (employee) and external users tracked separately; (3) Additional capabilities including extra runtime environments, premium support (24x7), higher uptime SLAs (99.5% to 99.95%), advanced security/compliance (SOC2, PCI DSS), and mobile app shielding. IDE and CI/CD tools included at no extra cost.
Pricing Tiers
8x5 professional support, development runtime only, OutSystems Cloud hosting, up to 100 internal users, no uptime guarantee, no compliance options, test applications only (not for production use)
8x5 professional support (upgradeable to 24x7), development, non-production, and production runtimes, OutSystems Cloud hosting (self-hosting available), 99.5% uptime guarantee (upgradeable to 99.95%), ISO 27001 compliance (SOC2 Type II and PCI DSS available), 100 internal users (scalable), 1 medium-sized production application (scalable to multiple or complex applications)
Target Markets
- Banking and Financial Services
- Insurance
- Healthcare and Life Sciences
- Manufacturing and Industrial
- Government and Public Sector
- Retail and E-commerce
- Automating complex internal workflows for operational efficiency
- Building personalized customer and employee digital experiences
- Developing specialized AI solutions for revenue growth
- Rewriting and modernizing legacy applications
- Creating AIoT platforms for smart manufacturing
- Digital transformation for banking and financial services
- Heineken
- Bosch
- Western Union
- Toyota Motor Corporation
History & Milestones
Surpassed €500 million in revenue; appointed Woodson Martin as new CEO; Paulo Rosado transitioned to Chairman of the Board
Named Leader in Gartner Magic Quadrant for 9th consecutive year; launched OutSystems Mentor (AI digital worker) and Agent Workbench for agentic AI
Raised €231.8M ($228.4M) from KKR at revised valuation of $4.3 billion
Acquired Ionic, the mobile app development platform used by 5+ million developers
Raised $150 million at $9.5 billion valuation from Abdiel Capital and Tiger Global
1 AI Tool by OutSystems
OutSystems
9moEnterprise-grade low-code platform with AI capabilities for rapidly building, deploying, and managing applications.
