OutSystems has announced the acquisition of Ionic. 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.
OutSystems and Ionic cover a range of development approaches – from open source to high-performance low-code – with a focus on enterprise-grade applications with built-in security and scalability. As a result, customers can choose the tools that best fit their application requirements, and their development teams’ expertise and coding preferences. Ionic and its open-source products will continue to operate independently, supporting and growing its worldwide developer community, and will complement the OutSystems Platform, including the OutSystems Cloud and cloud-native development environments.
“We founded OutSystems to help customers innovate faster and fundamentally change how enterprise software is developed. Ionic is a continuation and expansion of this vision,” said Paulo Rosado, OutSystems Founder and CEO. “The Ionic team, technology, and community are integral to our strategy as we redefine the future of software development. Like us, the Ionic team is laser-focused on building the best experience for developers. Together, we’ll do even more to help enterprise software teams massively improve their performance and deliver strategic applications that were once only achievable for elite development teams with unlimited budgets and resources.”
Ionic was advised in the transaction by JMP Securities, which acted as the sole financial advisor, and Polsinelli PC, which served as legal advisor. Hogan Lovells served as legal advisor to OutSystems in the transaction.
