Key Industry Leaders Join Pegasystems' Board of Directors; Alexander V. d'Arbeloff, William H. Keough, and William W. Wyman Add Expertise and Experience to Board

CAMBRIDGE, Mass., Sept. 25, 2000 — Pegasystems (NASDAQ: PEGA), a leading provider of rules-based, Internet-architected electronic Customer Relationship Management (eCRM) software and solutions, announced that Alexander V. d'Arbeloff, William H. Keough, and William W. Wyman have been elected to the Pegasystems' Board of Directors.


"We are excited to welcome these thought leaders to our board of directors," said Alan Trefler, Founder and CEO, Pegasystems. "These distinguished individuals bring added depth of experience that will help our team focus our vision and develop organizational momentum."


About the New Members of the Pegasystems' Board of Directors


Mr. d'Arbeloff is the founder of Teradyne, Inc., a leading manufacturer of automatic test equipment and interconnection systems for the electronics and telecommunications industries. He is Chairman of Empirix, as well as a director of PRI Automation and several private companies. Mr. d'Arbeloff is currently Chairman of the MIT Corporation, having been a member since 1989 and elected to Life Membership in 1994.


Mr. Keough served as the senior vice president, chief financial officer, and treasurer of The Pioneer Group, Inc., a financial services business with $20 billion in assets. Previously, Mr. Keough was senior vice president of finance and treasurer of Charles River Laboratories, Inc., a leading provider of critical biomedical research tools and integrated support services. Mr. Keough serves on the Board of Directors for Thermo Ecotek Corporation and numerous charitable organizations.


Mr. Wyman founded the management consulting firm of Oliver, Wyman & Company and served as managing partner through his retirement in 1995 when he became an advisor to chief executives of financial services, information services and software companies. Previously he was president of the Management Consulting Group at Booz, Allen & Hamilton, including oversight responsibility for all work performed for financial institutions worldwide. Mr. Wyman currently serves as a director of SS&C Technologies, a software company, Predictive Systems, Inc., a network consulting firm, and U.S. Timberlands LP, a forest products company. He also serves on the Board of Advisors of The Sprout Group, a venture capital fund associated with Donaldson, Lufkin and Jenrette, and Legend Capital, a leveraged buyout fund associated with Castle Harlan Investments.


Forward-Looking Statements


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. These statements 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 the impact of pending litigation and regulatory proceedings, material weaknesses in the Company's financial control environment, 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 1999 annual report on Form 10-K/A on file with the Securities and Exchange Commission.

About Pegasystems

Pegasystems (NASDAQ: PEGA) develops strategic applications for marketing, sales, 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 3000 customers include many of the world’s most sophisticated and successful enterprises. Pega’s applications, available in the cloud or on-premises, 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.

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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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Pegasystems Inc.
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