Customers drive low-code platform growth

March 24th, 2019, Published in Articles: PositionIT

OutSystems, a platform provider for low-code rapid application development, posted a 66% increase in annual recurring revenue for 2018, which is its third consecutive increase of more than 50%, pushing annual recurring revenue to over $100-million. The company added hundreds of new customers and nearly 60 000 new developers in 2018. Companies such as Toyota, Logitech, Deloitte, Ricoh, Schneider Electric, and GM Financial use the company’s low-code platform to rapidly develop custom applications that digitalise and differentiate their business. Customer feedback recently propelled the company to receive Gartner Peer Insights Customers’ Choice 2018 designations in both mobile development and High-Productivity Application Platform as a service (aPaaS). The platform supports wide range of enterprise applications. Some customers are using it to deliver mission-critical, efficient, reliable, and compliant solutions that replace ageing legacy ERP/CRM systems. Others have built mobile and web apps for internal processes, field services, and the frontline which improves employee effectiveness and satisfaction. The strongest growth in 2018 has been with companies using it to develop B2C customer experiences for online banking, account enrolment, and self-service, increasing customer satisfaction which creates new revenue streams for a competitive advantage.

Contact OutSystems, Tel 011 784-4418, info@outsystems.co.za

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