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OutSystems Breaks Growth Records, Showing Further Proof of Market Leadership

63 Percent Increase in Annual Recurring Revenue, 1000+ Enterprise Customers, 140,000 Community Members, Leader in 3 Analyst Reports
London — 8th August 2018OutSystems, provider of the number one platform for low-code rapid application development, had another record-breaking quarter across every key business metric. With a 63 percent increase in annual recurring revenue for the second quarter and a recent valuation at well over $1 billion, the company is firmly establishing itself as the leader in the exploding low-code development market. It is also on track to beat all numbers from its record-breaking year in 2017.
In the second quarter, OutSystems secured a $360 million investment round to facilitate further expansion of the business. The investment, led by KKR and Goldman Sachs, further establishes the OutSystems low-code platform as the definitive development method for today’s digital transformation projects. The latest round brings the venture investment in OutSystems to $422 million.
“Companies looking to accelerate their digital transformation are turning to the OutSystems low-code platform in record numbers,” said Paulo Rosado, CEO and founder of OutSystems. “OutSystems is giving them the speed, agility, and flexibility to do things they could never do before. Backed by our recent influx of new capital, we are positioned for continued success, both in the short term and over time, as we capitalise on a major growth opportunity in the low-code application development market.”
Industry Recognition as a Market Leader
OutSystems generated a significant amount of industry recognition in the quarter, being named a market leader in three analyst reports and landing a pair of industry awards.
On the analyst side, OutSystems was named a Leader for the second consecutive year in Gartner’s Magic Quadrant for Mobile App Development Platforms and Gartner’s Magic Quadrant for Enterprise High-Productivity Application Platform as a Service (hpaPaaS) 2018. OutSystems also earned a Market Leader designation in Ovum’s 2018-2019 Ovum Decision Matrix (ODM) for enterprise mobile application development platforms (MADP).
The company won its third consecutive CODiE Award for Best Mobile Development Solution of 2018. SIIA CODiE Awards are peer-reviewed, identifying the most innovative business technology products around the world. OutSystems was also named one of the 50 Highest Rated Private Cloud Computing Companies to Work For by Battery Ventures and Glassdoor.
Additional Record-breaking Momentum
In addition to its record-breaking revenue growth and market leadership in the second quarter, OutSystems achieved significant success in other areas:
  • Customers: OutSystems added 96 new enterprise customers, bringing its total enterprise customer base to a record 1000+ companies. This was the highest number of new customers added in a quarter since the company was founded.
  • Partners: Revenue from partner-led, new customer deals grew 75 percent year over year.
  • Developers: 15,000 new developers began using the OutSystems platform during the quarter, and the total number of community members topped 140,000.
  • Employees: To meet the growing demand for its platform and to increase R&D in new advancements in software automation, OutSystems added over 100 employees globally, bringing its total workforce above 800.
  • Product innovation: OutSystems introduced OutSystems Sentry, which provides proactive security monitoring, built-in redundancy, and 24x7 support for OutSystems cloud-based platform-as-a-service customers. The company also launched an early access program for a groundbreaking app analytics solution, OutSystems Insights, that enables IT teams to gauge app performance and user satisfaction.
  • Thought leadership: In June, OutSystems released The State of Application Development, 2018 report, which distinguished the company as a top IT thought leader. Featuring detailed analysis of survey results from over 3,500 IT professionals from around the world, it demonstrated that low-code is becoming mainstream and is accelerated app dev speed.
About OutSystems
Thousands of customers worldwide trust OutSystems, the number one low-code platform for rapid application development. Engineers with an obsessive attention to detail crafted every aspect of the OutSystems platform to help organisations build enterprise-grade apps and transform their business faster. OutSystems is the only solution that combines the power of low-code development with advanced mobile capabilities, enabling visual development of entire applications that easily integrate with existing systems. Visit us at www.outsystems.com, or follow us on Twitter @OutSystems or LinkedIn at https://www.linkedin.com/company/outsystems.

OneLife To Be Acquired By Groupe APICIL

LUXEMBOURG, 1 August 2018 - The OneLife Company S.A. (“OneLife”) today announced that an agreement has been reached between funds advised by J.C. Flowers & Co. LLC (“J.C. Flowers”) and the Groupe APICIL (“APICIL”) to sell 100 percent of OneLife to APICIL. Terms of the agreement were not disclosed. The transaction is subject to regulatory approval.
OneLife is a leading Luxembourg life insurance company with more than 5.2 billion euros in assets under management.
APICIL is the fourth-largest social protection group in France, engaged in health and life insurance, pensions, savings products, and related financial services. APICIL seeks to further strengthen and develop its wealth management activities and in this regard, OneLife represents an attractive opportunity through its expertise in cross-border wealth planning solutions using life insurance. The activities of OneLife are entirely complementary to those of APICIL’s Luxembourg subsidiary, APICIL Life Luxembourg.
Thierry Porté, Managing Director of J.C. Flowers and Executive Chairman of OneLife commented: “We have worked over many years to develop the capabilities of OneLife in its core activity of cross-border wealth management solutions and to establish and strengthen the OneLife brand. We see the transaction as a confirmation of OneLife’s franchise and the quality of its people and believe that APICIL will enable OneLife to add greater value to clients and partners in the years to come.”
Antonio Corpas, Chief Executive Officer of OneLife, stated: “APICIL’s financial strength, leadership position in France, and commitment to Luxembourg are all positive factors in the continuing cooperation of our business as a key provider of global wealth solutions for an international clientele.”
Philippe Barret, Chief Executive Officer of APICIL, commented: “The expertise of the teams and the quality of the capabilities of OneLife are a perfect complement to the value chain which we already possess in Luxembourg with APICIL Life Luxembourg and will enable us to further accelerate our growth in the market.”
Advisors for J.C. Flowers are Clearwater International for M&A, Loyens & Loeff for legal counsel, and KPMG Luxembourg for financial, tax, and due diligence counsel.
Advisors for APICIL are AEC Partners and PA Consulting for M&A, Norton Rose Fulbright for legal counsel, Périclès Actuariat for actuarial, and PWC for finance.
About OneLife
The OneLife Company S.A. - and its parent company, The OneLife Holding S.à.r.l. - exists to overturn conventional attitudes to life assurance. As a specialist in this area with more than 25 years experience, OneLife develops cross-border financial planning solutions for ultra-high-net-worth, high-net-worth, and high-affluent clients across Europe and beyond. Whether it’s a question of long-term savings, inheritance planning, or simply understanding how to better manage your wealth, OneLife is dedicated to providing sophisticated, compliant and innovative solutions that are crafted to suit each individual and their evolving needs. Together with a solid network of select partners - including private banks, family offices, and independent financial advisers - OneLife’s dynamic team of international experts offers a fresh approach that helps understand and anticipate the needs of wealthy clients in a world of change. For more information, please visit www.onelife.eu.com.
About Groupe APICIL
The Groupe APICIL, France’s fourth-largest social protection group with turnover of €2.4 billion, offers a full range of high-performance, bespoke solutions in health and personal protection, savings and financial services, and retirement for individuals and professionals. The Group’s 2,144 employees lend their expertise each day to the more than 46,000 companies and 2.2 million policyholders protected. The Group, with its members, is dedicated to satisfying its customers by meeting their every need, from the most general to the most specific (disability, mass retail, public buildings and works, etc.), and in all stages of their lives. Mutualistic and paritarian, the Groupe APICIL supports general-interest causes, thereby helping advance major societal projects.
www.apicil.com
About J.C. Flowers
J.C. Flowers is a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1998, the firm has invested more than $15 billion of capital in 53 portfolio companies in 18 countries across a range of industry subsectors including banking, insurance and reinsurance, securities firms, specialty finance, and services and asset management. With more than $6 billion of assets under management, J.C. Flowers has offices in New York and London. For more information, visit www.jcfco.com.

OutSystems Named a Leader in the Gartner Magic Quadrant for Mobile App Development Platforms for the Second Year in a Row

New report states that mobile app and web development technologies and practices have converged to support digital business
London, 23rd July 2018 -- OutSystems was again named a Leader in Gartner’s Magic Quadrant for Mobile App Development Platforms, positioned highest overall on the ability to execute axis in the entire Magic Quadrant for the second consecutive year.
OutSystems believes this latest Gartner report makes it clear - IT leaders need to deliver a much wider range of experiences to support their enterprise digital transformation initiatives.
Beyond traditional “mobile only” features, the new breed of mobile platforms must support the following:
  • App diversity, including responsive web apps, wearables, and augmented reality
  • Full-stack, low-code development supporting everything from UX to back-end integration
  • End-to-end DevOps and lifecycle management of large app portfolios
  • Diverse enterprise use cases, including external-facing and internal-facing scenarios
“We believe Gartner’s Magic Quadrant for Mobile App Development Platforms lines up exactly with what we’re hearing from our customers,” said Paulo Ro sado, OutSystems CEO. “Modern development teams need solutions that support incredibly diverse enterprise application use cases that can be developed and changed at the speed of business.”
According to Gartner, “Leaders have a strong combination of Ability to Execute and Completeness of Vision. In the MADP sector, this means that Leaders are not only good at cross-platform development, deployment and management across the full life cycle, but also demonstrate strong vision for multi-experience development support. A Leader must also have open architectures and support open standards, while showing a solid understanding of IT requirements, and scalable sales channels and partnerships. Leaders must provide platforms that are easy to purchase, program, deploy and upgrade, and which can connect to a range of systems of record and third-party cloud services.”
OutSystems is a low-code development platform with advanced mobile features, pixel-perfect UX, easy integration with any system, secure offline capabilities, and one-click deployment. So whether a company is building an enterprise-grade, business-to-consumer app, or a complex field service solution, it can do it all with the speed and agility today’s development teams and consumers demand.
Thousands of companies such as Toyota, Chevron, Logitech, Deloitte, Ricoh, Schneider Electric, and GM Financial use the OutSystems low-code platform to accelerate their digital transformation initiatives and differentiate their business. Happy customers are the hallmark of OutSystems and give the platform top ratings on technology review sites.
Gartner Peer Insights documents customer experience through verified ratings and peer reviews from enterprise IT professionals. As of July 18, 2018, OutSystems has more than 405 verified customer reviews across the Mobile App Development Platforms, Application Platforms, and Enterprise High-Productivity Application Platform as a Service markets, such as the following:
“OutSystems is a great product that does everything I want it to do. The better and more comfortable I get developing within the platform, the more I realise what it can do. Technical support and engineering are very responsive, and the community is always willing to help. The mobile implementation is fantastic. I love working in it, and my users are very satisfied with not only the performance, but the capabilities of the apps.” Software Engineer in the Manufacturing industry.” Read Review Here: https://www.gartner.com/reviews/review/view/424830.
“A Leader in Their Field for a Good Reason, the Only Low-Code Platform to Consider. Our overall experience with OutSystems has been fantastic, in that the technology does what we need it to do, and the OutSystems team assisted us early on with much of our questions and concerns.” Director of Software Engineering in the Manufacturing industry. Read Review Here: https://www.gartner.com/reviews/review/view/454773.
“Since I discovered OutSystems my life as a developer changed. Now I am able to develop an application from start to finish in less time and with better quality... OutSystems as a development platform for mobile devices has the advantage of integrating, in the same unifying language, versions for iOS and Android, breaking the barriers between both.” Application/OutSystems Developer in the Construction Industry. Read Review Here: https://www.gartner.com/reviews/review/view/476005.
“Quickest Path to Manufacturing Digital Transformation. We have been very satisfied with the capabilities of the OutSystems platform. It helps us develop applications without the need for deep programming experience. We developed an application that caters to 100+ machines and to be eventually used by 1000+ operators and the sole developer of this application is a new grad with very little practical experience.” Asia IT Director in the Manufacturing industry. Read Review Here: https://www.gartner.com/reviews/review/view/458889.
Read a complimentary copy of the Gartner July 2018 Magic Quadrant for Mobile App Development Platforms: https://www.outsystems.com/1/gartner-quadrant-mobile-development-platforms/.
Gartner, “Magic Quadrant for Mobile App Development Platforms,” Jason Wong, Van L. Baker, Adrian Leow, Marty Resnick, 17 July 2018
Disclaimers - Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner Peer Insights reviews constitute the subjective opinions of individual customers based on their own experiences, and do not represent the views of Gartner or its affiliates.
About OutSystems
Thousands of customers worldwide trust OutSystems, the number one low-code platform for rapid application development. Engineers with an obsessive attention to detail crafted every aspect of the OutSystems platform to help organisations build enterprise-grade apps and transform their business faster. OutSystems is the only solution that combines the power of low-code development with advanced mobile capabilities, enabling visual development of entire applications that easily integrate with existing systems. Visit us at www.outsystems.com, or follow us on Twitter @OutSystems or LinkedIn at https://www.linkedin.com/company/outsystems.

Rewire Security announces a Major Software update for GPSLive

July 23, 2018, Bristol, the United Kingdom Rewire Security, one of the leading GPS Tracking systems suppliers in the UK, announces a major update to its GPS Tracking software. GPSLive allows individuals and small businesses to keep an eye on their vehicles and assets 24/7. GPSLive can be used for viewing the real-time location of people, assets and vehicles using nothing but a PC, smartphone or a tablet.
The GPSLive software update includes new features such as; trip log, detailed usage reports, alerts, and a new, user-friendly interface. The latest Trip Log feature allows businesses to identify the mileage of their drivers and tag them between Business and Personal usage, thus creating a complete record of all their tax-deductible and reimbursable mileage. The new interface makes it easy to set up alarms for events such as; speeding, idling and harsh braking. Alarms enable businesses to identify their drivers with risky driving habits and take necessary precautions.
“For years we have been trying to assist individuals and businesses with improving the security of their vehicles, but, GPS Tracking is not all about security. It’s about gaining real-time visibility into your vehicle and assets. Our engineers have been working for over six months on the latest software update,” said Bilen Saribardak, Rewire Security’s Managing Director. “We have improved the usage and functionality of Alarms and Reports to provide small and medium businesses with a tool for easily figuring out the real-time location and previously taken routes by the drivers in their fleet. The latest addition to our software: Trip Log, makes it easier to distinguish between business and private usage of the company vehicles to allow businesses to identify their tax-deductible mileage easily. We are committed to continuously improving the performance and user experience of GPSLive.”
Alarms are now much easier to set-up, and they can be used to notify you instantly by an email, SMS or push notification on your smartphone. The new GPSLive alarm - Speed Violation - compares your vehicle’s speed with the national speed limit of the road it’s traveling and notifies you in case of a speed violation. Alarms can be set for; geo-fence zone in&out, crash detection, speeding, idling, harsh braking, and for any parameter received from the input devices that can be attached to the engine, doors, and windows as well as any other electronic sensor on the vehicle. The geo-fence feature is particularly helpful for identifying the time-sheet of a business. Geo-fences are virtual geographic boundaries that can be drawn on the GPSLive map. GPSLive will notify you in case one of your vehicles enters or leaves the geo-fence zone.
Rewire Security offers a wide range of telematics and GPS Tracking devices for locating kids, Alzheimer’s patients, overseas cargos, bikes, motorcycles as well as cars, vans, and trucks. Rewire Security’s tracking devices are paired with GPSLive before delivery for convenience and ease of use. Not only will GPSLive help individuals locate their cars, but it will also allow business managers to detect issues regarding their fleet and take necessary actions quickly. GPSLive reduces the workload on management by reducing paperwork and improves overall profitability by enabling managers to view the driver of the car, the duration of the vehicle use, the amount of fuel spent and which car was used for the trip throughout the day.
GPSLive is an advanced GPS Tracking software; it’s an ideal tool for fleet managers who want to be in control of their business and streamline their operations. Annual subscription for GPSLive costs only £20, and it includes one-year GPSLive web software and mobile app usage.
About Rewire Security
Rewire Security offers reliable and affordable GPS Tracking systems. Established in 2013, we've supplied security and GPS tracking systems for a number of prestigious contracts including the Ministry of Defense, Hacklin Ltd., Island IT and Symec Technologies. We specialize in Telematics, GPS vehicle tracking software and mobile apps to provide our clients with real-time visibility to their vehicle and assets 24/7, anywhere in the world. 

OutSystems Launches the First App Intelligence Solution for Low-Code Development Platforms

OutSystems Insights gives development teams instant visibility into application usage, engagement, and satisfaction.
LONDON — 17th July 2018 — OutSystems today announced the Early Access Program for OutSystems Insights, a new low-code solution that answers the business questions around application usage, engagement, and customer satisfaction.
The first solution of its kind, OutSystems Insights gives organisations that are moving at the increased speed afforded by low-code the visibility and decision support they need to continuously improve and prioritise current and future application development efforts. OutSystems Insights continuously gathers vital performance metrics, such as contextual usage trends and patterns, engagement, and user satisfaction levels, along with real-time feedback, across the entire portfolio of applications.
“Agile development teams need to make iterative updates to applications, often weekly, based on feedback from many sources,” said OutSystems CEO Paulo Rosado. “OutSystems Insights is a revolutionary way to take release-by-release success and value metrics and quickly make informed decisions for those updates that best align with the organisation’s business priorities and IT resources.”
In early testing, OutSystems Insights actively monitored more than 150 live applications. Customers using Insights quickly began gathering meaningful data across their application portfolio. And Insights dashboards provided at-a-glance updates, detailed trends, and information for quick analysis and planning.
Randstad CIO Goncalo Vilhena commented on their experience using OutSystems Insights in early testing. “With OutSystems Insights we had real-time feedback in the first 48 hours, and we were able to take action and make impactful changes to our applications,” said Vilhena.
With quantifiable data highlighting the impacts of applications and systems, CXOs can better communicate the value IT brings to the organisation. OutSystems Insights helps customers understand which systems offer the most value to both the user and the business, helps IT prioritise valuable resources, and ultimately, makes IT and the business more successful.
This announcement delivers on CEO Paulo Rosado’s promise of R&D innovation, which was detailed in this recent blog article outlining his plans for the company’s $360M funding round from investors KKR and Goldman Sachs.
Learn more about the OutSystems Insights Early Access Program and sign up to participate on our website.
Read more about OutSystems Insights on our Blog.
About OutSystems
Thousands of customers worldwide trust OutSystems, the number one low-code platform for rapid application development. Engineers with an obsessive attention to detail crafted every aspect of the OutSystems platform to help organisations build enterprise-grade apps and transform their business faster. OutSystems is the only solution that combines the power of low-code development with advanced mobile capabilities, enabling visual development of entire applications that easily integrate with existing systems. Visit us at www.outsystems.com, or follow us on Twitter @OutSystems or LinkedIn at https://www.linkedin.com/company/outsystems.