TD Bank Selects Pegasystems for Cross-Enterprise Business Process Management

CAMBRIDGE, Mass., Jan. 9 — Pegasystems Inc. (Nasdaq: PEGA), the leader in smart business process management (BPM) software, today announced that TD Bank Financial Group (NYSE: TD; TSX: TD) has selected Pegasystems' industry leading SmartBPM(TM) platform as part of their continued focus on customer service and business innovation.

In addition to the PegaRULES Process Commander® SmartBPM platform, TD Bank Financial Group also selected two Pegasystems frameworks to help accelerate implementation of their continuous improvement vision — Pega Customer Process Manager and Smart Dispute. Customer Process Manager provides companies with best-practice workflows for their most common service requests, and a framework for addressing their most challenging service issues, "one-and-done" right at the point of customer contact. Smart Dispute is a BPM framework that enables credit and debit card issuers to automate the resolution of disputes and chargebacks, dramatically improving the customer experience.

"We are committed to providing best-in-class customer service and look forward to continued enhancements with Pegasystems' BPM software," said Harry Verburg, AVP Retail Products, TD Bank Financial Group.

"Our technology is ideal for a large customer focused organization such as TD Bank Financial Group," said Rob Spencer, Managing Director, Pegasystems. "We were delighted that they recognized the value our products can bring to multiple areas with the company in increasing agility and productivity. We look forward to helping them continue to deliver superior service to their customers through leading business processes."

About TD Bank Financial Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group serves more than 14 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking including TD Canada Trust; Wealth Management including TD Waterhouse; Wholesale Banking, including TD Securities; and U.S. Personal and Commercial Banking through TD Banknorth. TD Bank Financial Group also ranks among the world's leading on-line financial services firms, with more than 4.5 million on-line customers. TD Bank Financial Group had CDN$365 billion in assets, as of October 31, 2005. The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD."

About Pegasystems

Pegasystems (NASDAQ: PEGA) develops strategic applications for sales, marketing, service and operations. Pega’s applications streamline critical business operations, connect enterprises to their customers seamlessly in real-time across channels, and adapt to meet rapidly changing requirements. Pega’s Global 500 customers include the world’s largest and most sophisticated enterprises. Pega’s applications, available on-premises or in the cloud, are built on its unified Pega 7 platform, which uses visual tools to easily extend and change applications to meet clients’ strategic business needs. Pega’s clients report that Pega gives them the fastest time to value, extremely rapid deployment, efficient re-use and global scale. For more information, please visit us at www.pega.com.

All trademarks are the property of their respective owners.

The information contained in this press release is not a commitment, promise, or legal obligation to deliver any material, code or functionality. The development, release and timing of any features or functionality described remains at the sole discretion of Pegasystems, Pegasystems specifically disclaims any liability with respect to this information.

 

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Media Contacts

Lisa Pintchman Rogers
VP, Corporate Communications
Lisa.Pintchman@pega.com
+1 617-866-6022

Frank Tutalo
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+1 617-866-6906

North America:
Andy Dear
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Andy.Dear@pega.com
+1 617-866-6293

Europe:
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+44 (0) 118 9651 660

Pegasystems Inc.
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Cambridge, MA 02142
U.S.A.
Phone +1 617-374-9600
Fax +1 617-374-9620