OutSystems
Encyclopedia
OutSystems is a multinational software company which operates in the agile software development
market. The company’s mission is to provide technology that speeds up and reduces the costs of the delivery and management of web business applications using agile methodologies.
OutSystems' flagship product is the Agile platform, a product which addresses the full life cycle of delivering and managing web business applications. The product includes the tools required to integrate, develop, deploy, manage and change web business applications.
Founded in 2001, the firm broke even
in 2003 and had received €2.8 million in funding from venture capital
firm PME Investimentos by 2007.
OutSystems is a member of the Consortium of IT Software Quality
(CISQ). CISQ
brings together industry executives from Global 2000 IT organizations, system integrators, outsourcers, and package vendors to jointly address the challenge of standardizing the measurement of IT software quality and to promote a market-based ecosystem to support its deployment.
Agile software development
Agile software development is a group of software development methodologies based on iterative and incremental development, where requirements and solutions evolve through collaboration between self-organizing, cross-functional teams...
market. The company’s mission is to provide technology that speeds up and reduces the costs of the delivery and management of web business applications using agile methodologies.
OutSystems' flagship product is the Agile platform, a product which addresses the full life cycle of delivering and managing web business applications. The product includes the tools required to integrate, develop, deploy, manage and change web business applications.
Founded in 2001, the firm broke even
Break-even
Break-even is a point where any difference between plus or minus or equivalent changes side.-In economics:A technique for which identifying the point where the total revenue is just sufficient to cover the total cost...
in 2003 and had received €2.8 million in funding from venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
firm PME Investimentos by 2007.
OutSystems is a member of the Consortium of IT Software Quality
CISQ
The Consortium for IT Software Quality is an IT industry leadership group comprising IT executives from the Global 2000, system integrators, outsourced service providers, and software technology vendors committed to making dramatic improvements in the quality of IT application software.Jointly...
(CISQ). CISQ
CISQ
The Consortium for IT Software Quality is an IT industry leadership group comprising IT executives from the Global 2000, system integrators, outsourced service providers, and software technology vendors committed to making dramatic improvements in the quality of IT application software.Jointly...
brings together industry executives from Global 2000 IT organizations, system integrators, outsourcers, and package vendors to jointly address the challenge of standardizing the measurement of IT software quality and to promote a market-based ecosystem to support its deployment.