The Outsystems, a Portuguese technology company that provides a Rapid Application Development platform, announced this Tuesday, February 2, which closed a financing round of $ 55 million (over EUR 50 million) to the bottom capital of US risk North Bridge.
“This investment will be channeled into what we consider investments in scale. We have always been a bit ahead of the market. And now, suddenly, the market exploded. What is happen is we are having so many requests that we follow to the market we have to invest in sales and marketing So strengthen our global structures and our customer support processes -. that at this point are already 600. We are growing at a rate very large and [want] to enhance the area of ’research and development’ in engineering, “he told reporters this morning Paulo Rosado (center in photo), CEO of Outsystems.
The leader of the Portuguese company takes that the “most important region to conquer” is the United States, so this investment will also be to bet in this region. Besides being one of the largest markets for software products and where Outsystems already have presence, “North Bridge entrance ultimately creates leverage, accreditation and credibility that will facilitate sales.”
Mike Pehl, the North Bridge, told reporters that there were three factors that brought him to the American fund focusing on Portuguese technology. First, the company “is very difficult”, which gives advantages to the market level and is constituted as a “great market and a great opportunity.”
In addition, the company’s performance is good and “the third thing we see is a fantastic team.” “The Outsystems has a unique culture, good people and exciting work environment and it is run by a great leadership team. These three things together do not often happen so we were very excited,” he added
Paulo Rosado also said that the company has about 120 professional positions open, which will be filled as soon as possible.
(last updated News 12:52 PM)
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