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June 26, 2007
OutSystems Gets Growth Capital for Web Business App Wizards
Spain's OutSystems, a six year old developer of a rapid application development platform has raised €2.4M to build on its already impressive market from ES Ventures, the venture capital of the Espírito Santo Group.
CEO and co-founder Paulo Rosado (pictured nearby) led marketing efforts at Altitude Software, a CRM company before starting up Outsystems in 200. Prior to that he founded ebusiness company Intervento, which he sold in 1999. A stint at Oracle Corp in Silicon Valley preceded all that.
The company targets large sized organizations, mainly life science and energy companies, that have to mix information from a lot of different data pots into applications that better support their business processes and regulatory constraints.
On its site you'll find reference to the "Agile" project management buzzword. We've started but not finished two different books on the topic. But just because we couldn't get into the topic doesn't mean much - we don't make making our living developing software applications. It seems that plenty of people that do make a living that way have picked up on it.
It names Brisa Autoestradas, Bristol-Myers Squibb Portugal, Cofidis, Delta Energy, E.ON Benelux, EDP, Oxxio, REFER, and SurfControl, as some of its customers. It claims 70 worldwide businesses as buyers and over 400 applications delivered, and growing.
View Outsystems
(via Tornado Insider)
Posted on June 26, 2007 08:04 PM | Posted to News And Updates | Permalink
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