OutSystems, a global leader in AI-driven application development, has officially surpassed €500 million in revenue, reinforcing its strong position in the enterprise software space. This financial milestone comes as the company enters a new chapter, appointing tech industry veteran Woodson Martin as its new Chief Executive Officer.
Martin, a former executive at Salesforce and Business Objects, steps in to lead OutSystems into its next stage of innovation and growth. His appointment follows the transition of founder Paulo Rosado, who after more than 20 years at the helm, will now serve as Chairman of the Board and strategic advisor.
Reflecting on the company’s journey from its early days in a Portuguese garage to becoming a €500M powerhouse, Rosado said, “We built this company to help organizations rapidly create digital solutions tailored to their needs. Reaching this milestone is a proud moment for all of us, and Woodson is the right leader to build on our legacy.”
Martin brings over 18 years of leadership experience from Salesforce, where he most recently served as EVP and GM of AppExchange. Under his leadership, the platform expanded to over 7,500 apps and 10 million installs, serving more than 150,000 global customers.
“OutSystems is uniquely positioned to lead the future of enterprise application development,” said Martin. “I’m excited to help our customers and partners unlock new value through AI-powered apps, agents, and automation.”
Founded in 2001, OutSystems enables companies to build, deploy, and maintain mission-critical applications faster and more efficiently. With over 2,000 customers, 500 partners, and a vibrant developer community, the company continues to drive innovation at scale across more than 75 countries.
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News Source: Finance.yahoo.com
