OutSystems announced the release of OutSystems 11, a low-code solution to address one of the biggest issues facing IT teams - legacy system gridlock. Building on its low-code platform for web and mobile apps, OutSystems 11 delivers new advanced capabilities to help organizations modernize legacy systems and replace large application portfolios.
“The legacy gridlock problem is huge,” said Paulo Rosado, CEO, and Founder of OutSystems. “Seventy percent of IT budgets are spent maintaining large portfolios of legacy apps, including aging systems and brittle, over-customized ERP and CRM systems. This massive technical debt is a roadblock to business innovation, and it opens the door to disruption by more agile competitors.”
Traditional options for dealing with legacy debt and gridlock include open-heart surgery on packaged applications or embarking on multi-year custom development projects that add layers of complexity to the codebase. Both options are slow, expensive, and high-risk, and they force IT leaders to make tradeoffs between control, speed, and simplicity. OutSystems 11 helps eliminate these problems with six new capabilities on their low-code platform.
OutSystems 11 allows organizations to tackle their legacy applications in a different way that fosters agility over time and removes legacy debt from the equation. It also simplifies the transition to a completely new operating model where a mesh of services supports independent delivery lines on top of core business functions, all aligned with the business needs.
“We’re on a mission to change the way enterprises develop all their applications,” said Paulo Rosado, OutSystems CEO. “Our launch of OutSystems 10 in 2016 disrupted the mobile app development market, so much so that Gartner now rates us as a market leader. Now, for the first time, there is a low-code technology able to change the economics of building large core systems and their supporting apps and services, instead of buying and endlessly customizing commercially available systems to make them fit.”
This new platform launch comes on the heels of a $360 million funding round for OutSystems from KKR and Goldman Sachs that valued the company at well over $1 billion.
“Successful digital transformation requires organizations to rethink their technology strategy,” said Marcio Spinola, OutSystems vice president of product management. “Our strategy of combining the speed and agility of low-code with enterprise-class security and scalability allows IT to tackle legacy modernization, creating a new operational model that works at the speed and scale a full digital transformation requires.”
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