OutSystems Expands Regional Footprint with New Malaysia Office
Simplifying business-critical software processes with high-performance low-code development
Singapore, 23 June 2022 – OutSystems, a global leader in high-performance low-code development, today announced the opening of its new Malaysia office, which will service its customers in Malaysia. The office opening is part of OutSystems efforts to expand its footprint across the Asia Pacific region, following its research and development center launch in Bangalore, India last October.
As a gateway to support the accelerated business development in the region, the OutSystems Malaysia office will provide on-the-ground support for both existing and new customers across sectors such as manufacturing, healthcare, BFSI, auto, retail and IT/ITes. Gartner forecasts that 70% of new enterprise applications will be developed using low-code/no-code technologies by 2025. Through the OutSystems platform, local enterprises can quickly re-platform or upgrade legacy systems, or develop new web or mobile applications with the functionality today’s digital society demands.
Aiming to further strengthen the nation’s IT scene with businesses’ increased reliance for digital solutions, OutSystems works closely with the Malaysian Investment DevelopmentAuthority (MIDA), a statutory body in Malaysia’s industrial development sector that works on developing sustainable investment ecosystems in the country, and the Malaysia Digital Economy Corporation (MDEC), the lead digital economy agency under the Ministry of Communications and Multimedia. Through the OutSystems platform, MDEC developed Enterprise-Grade applications to modernise their core applications and support their B2E, B2B
and B2C business”
“We welcome OutSystems entry into Malaysia to expand its operation in digital investment, and look forward to the solid linkages between OutSystems and academia in funnelling industry-relevant graduates into the ecosystem. In fact, this is in line with the Government’s aspiration to attract RM70 billion worth of investments by 2025,” Datuk Arham Abdul Rahman, Chief Executive Officer of MIDA.
“We are proud to partner with yet another key stakeholder to realise the digitalisation and innovation aspirations as outlined in the Digital Economy Blueprint (MyDigital). We will continue to welcome more of such investments to break new frontiers by leveraging Malaysia’s advantages. The end goal is to reinvigorate the country’s investment landscape, generate quality and high-skilled employment opportunities for locals, and strengthen the country’s competitiveness. We surely are on the right track to achieve this,” Arham added.
“The opening of the Malaysia office brings us a step closer to our clients as we take on a crucial role in closing the developer gap and addressing business priorities like digitalising Malaysian corporations. Our existing partnerships with MDEC and MIDA have been a great start as we hope to empower businesses and provide them with seamless access to these technologies,” said Mark Weaser, APAC Vice-President at OutSystems. “We look forward to continue fueling digital transformation through high-performance low-code by empowering companies to develop serious applications that make an impact in the world as well as fostering a new generation of tech talent.”
Also commended the company’s office opening in Malaysia is Mahadhir Aziz, Chief Executive Officer CEO of MDEC. “The digitalisation of SMEs in Malaysia is crucial to ensure that the backbone of our nation’s economy can survive, thrive, and compete with the rest of the world. We welcome the arrival of OutSystems in Malaysia, whose vision and mission will no doubt support MDEC’s ongoing efforts in driving business digitalisation and the digital transformation of the country.”
He continued, “Furthermore, OutSystems’ new office here is a testament to the continued confidence of investors towards Malaysia’s robust digital ecosystem. We look forward to working together with OutSystems and other partners across private and public sectors to further nurture a progressive, inclusive, and innovative digital economy.”
According to estimates from consulting firms, around 77% of SMEs in Malaysia are estimated to be in their early stages of digitalisation, with cost and lack of awareness cited as leading factors to the delay in business digital transformations. According to the country’s digital literacy rate, 15% of Malaysian businesses have advanced ICT abilities, with the lack of digital skills amongst the population contributing to the low adoption of technologies. In order to catch up with its regional counterparts and become a viable competitor to attract investors and businesses, platforms like OutSystems come in, providing high-performance low-code services to bridge the talent gap and accelerate business transformation.
OutSystems was founded in 2001 with the mission to give every organization the power to innovate through software. The OutSystems high-performance low-code platform gives technology leaders and developers the tools to rapidly build and deploy their own business-critical applications. The company’s network spans more than 600,000 community members, 400+ partners, and active customers in 87 countries across 22 industries. OutSystems is “The 1 Low-Code Platform®” and a recognized leader by analysts, IT executives, business leaders, and developers around the world. Some of the most well-known brands use OutSystems to turn their big ideas into software that moves their business, people and the
world forward. Learn more at www.outsystems.com.
The Hoffman Agency on behalf of OutSystems