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OutSystems Appoints Tim MacCarrick as Chief Financial Officer

Low-code Software Leader Continues Executive Expansion to Accelerate Market Momentum and Next Phase of Growth

LONDON, 3rd October 2018 – Supporting their record-breaking growth, OutSystems, provider of the number one platform for low-code rapid application development, today announced the appointment of Tim MacCarrick as its new Chief Financial Officer. MacCarrick’s background includes both chief financial officer and chief operating officer positions at Fortune 1000 companies including Xerox, Crane Co, De Lage Landen, and most recently at QLIK technologies.

This CFO appointment comes at an important point in OutSystems history as the company is posting incredible results for the third straight year. OutSystems recently announced record-breaking growth and secured a $360 million investment round from KKR and Goldman Sachs, valuing the business at well over $1 billion.

“We needed a CFO to help us capitalise on the massive opportunity we see in the market,” said Paulo Rosado, CEO of OutSystems. “Tim brings the perfect balance of public company expertise, operational excellence, and a people-based leadership style that fits nicely into our culture. We’re thrilled to have him on the executive team.”

“It’s a privilege to once again work at a hyper-growth tech company with a great culture,” MacCarrick said. “At OutSystems, I’ll be a part of a company that is transforming the world of software as we know it. OutSystems is truly an innovative, disruptive force with a bright future.”

This appointment follows a series of expansions across the executive team, the board, and advisory positions. New board members in the past year include Stephen Shanley, Director at KKR; Christian Resch, Managing Director at Goldman Sachs; John Kinzer, former CFO of HubSpot; and Tom Schodorf, Industry Advisor and former executive with Splunk Inc. Bill Macaitis, former CMO of Slack and Zendesk, also joined as an advisor to the Board.

About OutSystems
Thousands of customers worldwide trust OutSystems, the number one low-code platform for rapid application development. Engineers with an obsessive attention to detail crafted every aspect of the OutSystems platform to help organisations build enterprise-grade apps and transform their business faster. OutSystems is the only solution that combines the power of low-code development with advanced mobile capabilities, enabling visual development of entire applications that easily integrate with existing systems. Visit us at www.outsystems.com, or follow us on Twitter @OutSystems or LinkedIn at https://www.linkedin.com/company/outsystems.



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