OutSystems announced that it has been featured in the Forbes 2021 Cloud 100, the official ranking of the world’s top 100 private cloud firms, published in collaboration with Bessemer Venture Partners and Salesforce Ventures.
“OutSystems mission of enabling every company to become a cloud software company is based on a simple truth – building enterprise-class applications is too hard, there are too few developers, and change is complex and constant,” said Paulo Rosado, Founder and CEO of OutSystems.
“Customers are choosing OutSystems because we empower them to achieve serious productivity as they build serious apps. We’re thrilled to be recognized as one of the top companies in the world-leading cloud technology innovation,” added Paulo Rosado.
OutSystems focuses on helping developers construct sophisticated, mission-critical cloud apps by delivering considerable productivity advantages. The OutSystems platform is designed from the ground up for security, scalability, and dependability, with deep integration of AI-powered automation throughout to ensure that applications can be changed fast and easily once they’ve been deployed.
The Cloud 100 has been reviewing entries from hundreds of cloud startups and private firms for the sixth year in a row. The Cloud 100 enlists the expertise of a judging panel of 34 public cloud firm CEOs to help evaluate and rank their private company peers for market leadership. The Cloud 100 ranked firms based on four criteria: market leadership (35 percent), estimated valuation (30 percent), operational indicators (20 percent), and people and culture (20 percent) (15 percent ).
“The companies of the Cloud 100 list represent the best and brightest emerging companies in the cloud sector,” said Alex Konrad, senior editor at Forbes. “Every year, it gets more difficult to make this list — meaning even more elite company for those who do. Congratulations to each of the 2021 Cloud 100 honorees and to our 20 Rising Stars up-and-comers poised to join their ranks.”
“The private cloud ecosystem continues to see historic rates of digital transformation,” said Byron Deeter, partner at Bessemer Venture Partners.
Further explained, “Private cloud valuations are getting bigger as the market’s appetite for cloud continues to grow. These founders represent the absolute best in cloud computing today, and they appear likely to follow in the footsteps of our esteemed Cloud 100 alumni. Congratulations to these cloud leaders!”
“How we work has undergone a paradigm shift and businesses of all shapes and sizes are reimagining the tools that are needed to ensure working from anywhere is a sustainable, long-lasting solution,” said Alex Kayyal, Managing Partner, Salesforce Ventures.
“The last 18 months have made digital transformation an urgent imperative and the cloud has never been more pivotal in powering our new digital economy. The companies on this list represent the leaders and businesses shaping the future of the cloud ecosystem and we are excited to partner with Bessemer Venture Partners and Forbes to honor these trailblazers of the industry,” commented Alex.
The Forbes Cloud 100 and Forbes 20 Rising Stars lists for 2021 may be seen at www.forbes.com/cloud100. The list’s highlights will be published in Forbes magazine in September 2021.
This year’s virtual Cloud 100 experience, sponsored by Bessemer Venture Partners, Salesforce Ventures, and Forbes on August 10th at thecloud100.com, will publicly celebrate the Cloud 100 and the 20 Rising Stars firms. Amazon Web Services (AWS), Bank of America, Cooley, FuelxMcKinsey, Goldman Sachs, J.P. Morgan, Morgan Stanley, Nasdaq, Qatalyst Partners, Silicon Valley Bank, and WisdomTree are among the virtual event sponsors.
