Leading Digital Transformation Company EvonSys out to Disrupt $3.6 Trillion Digital Transformation Industry

EvonSys launches equity crowdfunding campaign to fund new growth

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

The Wilmington-based company EvonSys is an emerging industry leader and the fastest-growing next-gen advocate of digital transformation through low-code solutions. EvonSys makes it simple for enterprises to develop software. Its technology removes the need for coding by automatically generating code based on simple ‘drag and drop’ operations. This enables enterprises to save time and money by allowing employees with little-to-no computer programming knowledge to create applications and software.

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

The Current Low-Code Landscape

In light of the global pandemic, there has been an advance in the demand for computer applications – a demand that is unlikely to fade. However, a recent survey reports that 87% of businesses are already seeing a developer shortage. This is why, by 2023, it is predicted that more than 50% of medium to 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, with a compound annual growth rate of 26.1% (according to the Statista Global Low-Code Platform Market Report).

EvonSys is Poised for Unprecedented Growth

EvonSys is one of the main players in this industry. The company now has more than 20 clients, 400 developers, and footprints in eight countries across four continents. They have also seen huge growth in the last few years and are now in a position to scale to new heights.

The capital will be used to support the company’s growth, by tripling the workforce in 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 the time is right to seek investment and scale.

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

“Midsize enterprises are struggling to transform due to lack of resources and technology, which is why low-code solutions like EvonSys are in such high 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 this. Much like the proverbial early bird, this is the right time to tap into this veritable goldmine.”

The EvonSys investment campaign launched in early 2022 and more than 200 investors have already jumped on board, raising close to $819,000. The company has retained the services of the leading equity crowdfunding agency Growth Turbine to assist them in the campaign.

The EvonSys Journey So Far

The idea for EvonSys was devised in the early 2000s, although the company was not officially established until 2015.

In its infancy, EvonSys was a three-man operation, founded by Punna Paramasivan, Arun MS, and Nishadha Fonseka – a team with more than 20 years of experience on low-code platforms. Together, the founders have led many transformational projects in the areas of CRM, banking, insurance, and healthcare.

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

Subsequently, in 2018, EvonSys was awarded followed Silver partner status by Pega, by Gold partnership in 2020. Then, in 2021, EvonSys was awarded Pega’s Excellence in Growth and Delivery award.

Today, EvonSys boasts a large family with more than 400 talented developers and 20 enterprise clients. The company has footprints in four continents, with development centers in the USA, Canada, Sri Lanka, Australia, India, Singapore, The Netherlands, and the United Kingdom.

Key specs of EvonSys Investment Campaign:

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

  • The company is seeking to raise $5 million via an equity crowdfunding campaign on Wefunder

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

  • Established in 2015 by a team with more than 20 years of experience in low-code platforms

  • Low-Code Development Platform Market worth more than $13 billion in 2022 (rising to $65 billion in 2027, with a CAGR of 26.1%)

  • Company awarded Pega’s Excellence in Growth and Delivery award in 2021

  • Currently has development centers in eight countries across four continents

  • Successful funding will allow the company to expand its workforce from 400 developers to more than 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 very own suite of tools and a unique delivery model, we provide cost-effective services that enable clients to enhance business performance, accelerate time-to-market, increase productivity, and improve customer service.

For more information, please contact Punna Paramasivan at: punnaivanam@evonsys.com

SOURCE: EvonSys

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