Pegasystems Names Paul McNulty Vice President of PegaRULES
CAMBRIDGE, Mass., Sep. 19, 2001 — Pegasystems Inc. (NASDAQ: PEGA) today announced its appointment of Paul McNulty, Vice President of PegaRULES, which is Pegasystems' patented business rule development and deployment technology. McNulty will lead the commercialization of the PegaRULES technology through a combination of sales, marketing, product management, partner, and development activities.
"Pegasystems is committed to making PegaRULES a premier rules-development and -management tool among systems integrators and software developers for building rules-based solutions and work management systems," said Alan Trefler, CEO and Founder, Pegasystems. "In support of this objective, we have strengthened the executive team and dedicated a proven manager to drive this initiative. Paul's 20 years of high-tech and international marketing experience provide Pegasystems with a well-rounded package of product-line development, product management, sales, and marketing capabilities. We are confident that he will help accelerate the successful commercialization of what we believe to be a highly effective technical environment."
Prior to joining Pegasystems, McNulty held an executive position with Wheelhouse Corporation, a venture funded marketing infrastructure company, which defines and implements marketing systems for global 2000 companies. Before working at Wheelhouse, McNulty managed Lernout & Hauspies' consumer products division. Prior to that he held a variety of marketing and product management positions at Lotus Development, most recently as Vice President of Product Marketing for Lotus' communications products.
"Pegasystems is poised for continued success in the business rules market, leveraging its 18-year history with rules technology," commented McNulty. "I am very excited to bring to market the valuable benefits offered by the PegaRULES technology. With the support of the outstanding PegaRULES development and marketing teams, I am confident we can help our customers and partners improve their business results."
Certain statements contained in this press release may be construed as "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "hope," "anticipate," "plan" and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. The company does not undertake and specifically disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These statements are based on current expectations and assumptions and involve various risks and uncertainties, which could cause the Company's actual results to differ from those expressed in such forward-looking statements. These risks and uncertainties include impact of pending regulatory proceedings, difficulty in predicting the completion of product implementations and consequently the timing of revenue recognition, the inability to attract and retain key employees, reliance on key third-party relationships, management of the Company's growth, and other risks and uncertainties. Further information regarding these and other factors which could cause the Company's actual results to differ materially from any forward-looking statements contained in this press release is contained in the Company's Quarterly Report on Form 10Q for the quarter ended June 30, 2001 on file with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on such forward-looking statements and no assurances that the matters contained in such statements will be achieved.
NOTE: Pegasystems is a registered trademark of Pegasystems Inc. Other product and company names may be trademarks of their respective owners.