EvonSys Launches Crowdfunding Campaign to Fund New Growth

WILMINGTON, DE /ACCESSWIRE/March 15, 2022/ EvonSys, a leading low-code development services company, has launched a crowdfunding campaign through the Wefunder investment platform, as it seeks to fund new growth in a $3.6 trillion industry.

Wilmington-based EvonSys is an emerging industry leader and the fastest growing next-generation advocate of digital transformation through low-code solutions. EvonSys simplifies software development for businesses. Its technology removes the need for coding by automatically generating code based on simple drag-and-drop operations. This saves companies time and money by enabling employees with little or no computer programming knowledge to create applications and software.

EvonSys can significantly reduce software development times, in many cases from years to weeks. Hence, it offers its customers improved agility, reduced costs and increased productivity.

The current low-code landscape

In light of the global pandemic, there has been an unprecedented surge in demand for computer and mobile applications – demand that is unlikely to fade. However, a recent survey reports that 87% of companies are already experiencing a shortage of developers. That is why, by 2023, it is expected that more than 50% of medium and large enterprises will have adopted low-code solutions.

With such demand, the global low-code platform market is expected to grow from $13 billion in 2020 to $65 billion in 2027, growing at a compound annual growth rate of 26.1% (according to the Statista Global Low-code report). Code Platform Market Report).

EvonSys is ready for unprecedented growth

EvonSys is one of the major players in this industry. The company now has more than 20 customers, 400 developers, and footprints in eight countries on four continents. They have also seen tremendous growth over the past few years and are now able to reach new heights.

The story continues

The capital will be used to support the growth of the business, tripling the workforce over the next two years and funding market penetration in 2022 and beyond.

Punna Paramasivan is one of three experienced co-founders of EvonSys and the company’s Chief Technology Officer. He explains why now is the time to seek investment and grow.

“This is an incredible opportunity for investors to acquire seed shares and join the EvonSys family,” says Punna.

“Medium-sized businesses struggle to transform due to lack of resources and technology, which is why low-code solutions like EvonSys are in such demand.”

“The global pandemic has resulted in a promising growth trajectory for the market and EvonSys is in the right position to take advantage of it. Just like the proverbial early bird, it’s a good time to tap into this veritable gold mine.

The EvonSys investment campaign was launched in early 2022 and over 200 investors have already jumped on board, raising nearly $819,000. The company has retained leading crowdfunding agency Growth Turbine to help with the campaign.

EvonSys’ journey so far

The idea of ​​EvonSys was conceived in the early 2000s, although the company was not officially established until 2015.

In its early days, EvonSys was a three-man operation, founded by Punna Paramasivan, Arun MS, and Nishadha Fonseka – a team with over 20 years of experience in low-code platforms. Together, the founders have led numerous transformation projects in the areas of CRM, banking, insurance and healthcare.

By 2016, EvonSys had been recognized in the industry and elevated to official partner status with Pega – a leader in low-code platforms. The following year, the company took the next step by co-presenting Real-Time Payments with Pega at Sibos (the world’s largest financial services event).

Subsequently, in 2018, EvonSys received Pega Silver Partner status, followed by a Gold Partnership in 2020. Then, in 2021, EvonSys received Pega’s Excellence in Growth and Delivery award.

Today, EvonSys has a large family with over 400 talented developers and 20 enterprise customers. The company operates on four continents, with development centers in the United States, Canada, Sri Lanka, Australia, India, Singapore, the Netherlands and the United Kingdom.

Key specifications of the EvonSys investment campaign:

• EvonSys is a leading low-code technology services company based in Wilmington, Delaware

• The company is looking to raise $5 million through a crowdfunding campaign on Wefunder

• The campaign has already raised nearly $819,000 from more than 217 investors

• Founded in 2015 by a team with over 20 years of experience in low-code platforms

• Low-code development platform market worth over $13 billion in 2022 (growing to $65 billion in 2027, growing at a CAGR of 26.1%)

• Company received Pega’s Excellence in Growth and Delivery Award in 2021

• Currently has development centers in eight countries on four continents

• Successful funding will see the company grow its workforce from 400 developers to over 900 by 2024

About EvonSys

EvonSys is a leading low-code development services company based in Wilmington, Delaware. We offer professional consulting, technology implementation and application outsourcing services. Equipped with our own suite of tools and a unique delivery model, we provide cost-effective services that enable clients to improve business performance, speed time to market, increase productivity and improve customer service.

For more information, please contact Punna Paramasivan at: [email protected]

THE SOURCE: EvonSys

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