Outsystems Acquires Ionic To Unite The Power Of Open Source Mobile Development With High-Performance Low-Code

Nov 07, 2022•over 2 years ago

Acquiring Company

OutSystems

Acquired Company

Ionic

BostonInformation TechnologySoftwareEnterprise SoftwareSaas

Description

OutSystems, a global leader in high-performance application development, today announced it has acquired Ionic, one of the most widely used platforms for building mobile and desktop applications using web technology. Together, OutSystems and Ionic will help IT leaders transform the way they build, deliver, and continuously update business-critical applications with a focus on quality, performance, security, and scale.

Company Information

Company

OutSystems

Location

Boston, Massachusetts, United States

About

Thousands of customers worldwide trust OutSystems, a high-performance low-code platform that enables organizations of all sizes to deftly tackle any kind of critical application - from customer apps and portals to internal business apps and core systems. Uniting design, code and deployment, the OutSystems platform radically simplifies development so innovation can flourish and organizations can turn their big ideas into apps. Engineers with an obsessive attention to detail crafted every aspect of the OutSystems platform to help organizations build enterprise-grade apps and transform their business faster. OutSystems is the only solution that combines the power of minimal coding with advanced mobile capabilities, enabling visual development of entire application portfolios that easily integrate with existing systems. OutSystems has offices worldwide and is currently hiring. Visit us at www.outsystems.com, or follow us on Twitter @OutSystems.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

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