• Investment in low-code development software will allow Irish businesses to develop applications at a faster rate with minimal coding
• Low-code development platform market predicted to grow from €3.8 billion in 2017 to €24.2 billion by 2022
• Initial projects between BearingPoint and OutSystems will focus on digital transformation, modernisation of legacy systems and large-scale system development programmes, primarily in the financial and professional services, manufacturing and insurance sectors
• BearingPoint Ireland, Partner, Gillian O’Sullivan: “Low-code development provides organisations juggling demands driven by digital, with the ability to deliver software more quickly than traditional development approaches.”
Dublin, 30th April 2019 – BearingPoint, the international management and technology consultancy that employs 300 people at its Dublin office, has announced a new partnership with a global “low-code” development software leader, OutSystems.
In our complex world, the demand for new software is increasing at breakneck pace. “Low-code development” is an emerging software development approach that allows programmers to create custom web and mobile applications faster with minimal coding.
Using visual modelling in a streamlined drag-and-drop interface, programmers can automate large amounts of coding work and focus on creating the “unique 10%” of their new application. For businesses, this speeds up the software development process and increases the rate at which employees can output new applications.
The low-code development platform market is predicted to grow from €3.8 billion in 2017 to €24.2 billion by 2022.* The OutSystems low-code development platform is already making big waves in tech. The company exceeded $100 million in annual recurring revenue in 2018 and recently raised $360 million in an investment round from KKR and Goldman Sachs. Revenue growth has increased by more than 50% year-on-year for the last three consecutive years.**
We live in a technology-driven world, and businesses and consumers demand technological solutions to both every day and niche challenges. Low-code development provides organisations with the tools necessary to meet that demand. By drastically reducing the time it takes developers to create new software, businesses can make better use of their technical and professional resources, and ultimately, deliver an improved service to their end-users at a faster rate. BearingPoint’s partnership with OutSystems is a testament to our belief in the massive potential of low-code development in Ireland and globally. With OutSystems solutions, our recently established Innovation Consulting Services team will be able to significantly accelerate the delivery of solutions to BearingPoint customers and to their end-users.
Gillian O'Sullivan, BearingPoint Ireland Partner
Initial projects between BearingPoint and OutSystems will help customers primarily in the financial and professional services, manufacturing and insurance sectors, to deliver a digital experience at a speed that they otherwise couldn’t achieve without major investment.
Organisations everywhere face the mounting challenge to innovate quickly and meet the demands of their customers. This is true in Ireland as it is in all other key markets. Low-Code development is nascent in Ireland currently, but recent activity strongly indicates a very firm trend towards adoption.
Nick Pike, VP UK&I at OutSystems
Notes to editors
Who uses low-code development? Find the most diverse 3 case studies here: https://www.outsystems.com/1/roi-low-code/. Which describes (energy, manufacturing and government)
* Source: https://www.marketsandmarkets.com/PressReleases/low-code-development-platforms.asp
** Source: https://www.outsystems.com/news/low-code-market-leadership-record/
*** Full Total Produce case study can be found here: https://www.outsystems.com/case-studies/electronic-proof-of-delivery
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three units: Consulting, Solutions and Ventures. Consulting covers the advisory business; Solutions provides the tools for successful digital transformation, regulatory technology and advanced analytics; Ventures drives the financing and development of start-ups. BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 75 countries, engaging with them to achieve measurable and sustainable success.
For more information, please visit:
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.
For more information, please go to www.outsystems.com or visit:
Tel. +353 1 4181193