|By Business Wire||
|December 5, 2013 09:23 AM EST||
OutSystems has been named one of the 20 Red Hot Pre-IPO Companies in 2014 B2B Tech by IDG Connect. In this annual report, IDG Connect Editorial Director Martin Veitch presents the best privately-held tech companies. The report aims to provide IT decision makers with new and interesting options among companies that haven’t yet come onto the public stock markets.
According to IDG Connect, attributes that make a red-hot company include good management, a strong story, enthusiastic customers, a vibrant developer/partner community, strong funding from reputable companies, sales, growth, positive views of experts in the field, market opportunity, and competitive differentiation.
The report recognises OutSystems for meeting a real market need with a high-productivity development platform that helps IT organisations build modern, effective web and mobile applications that can be delivered and changed quickly.
Paulo Rosado, founder and CEO of OutSystems comments, “I am delighted that OutSystems was recognised by IDG Connect. Tech company valuations are increasing and there are strong signs of a bounce-back in major economies. There are also several new waves of technological change taking place at the moment. There is a real move to the cloud as well as automation within the IT stack, which the OutSystems Platform is aptly suited to enable. This is an exciting time to be a new market disruptor.”
Some other notable companies listed in the report are Alibaba Group, Birst, Box, Bromium, CipherCloud, Cloudview, DataStax, Hortonworks, MuleSoft, Nutanix, SailPoint, Virtustream, and Zendesk.
To view the report visit: http://www.idgconnect.com/blog-abstract/4716/tech-ipos-curse-superman or http://www.outsystems.com/company/news/
About OutSystems - OutSystems makes it exceedingly easy for IT organisations to build, deploy and manage enterprise-class web and mobile applications – helping IT deliver innovative business solutions fast. OutSystems is the only platform as a service (PaaS) available as a cloud, on-premises or hybrid solution that generates standard Java and .NET applications with fully automated DevOps support. Hundreds of companies in 24 countries across 22 industries use the OutSystems Platform to rapidly deliver custom, mission-critical applications while improving IT productivity and reducing their change request backlog. For more information visit us at www.outsystems.com or follow us on Twitter @OutSystems.