Pegasystems Acquires Turkish Partner, Ultima Information Technology
Establishes formal Pega presence in Turkey
ISTANBUL, Turkey – October 22, 2014 – Pegasystems Inc. (NASDAQ: PEGA), the software company powering the digital enterprise, today announced it has entered into a definitive agreement to acquire its partner in Turkey, Ultima IT. The transaction is expected to close by the end of the fourth quarter. Terms of the deal have not been disclosed.
Ultima is a leading provider of consulting and services for developing strategic business applications, and IT Infrastructure in the Turkish market. The vast majority of Ultima’s business is based on Pega’s CRM applications and the Pega 7 platform. The two companies share several large customers who use Pega software in the financial services and telecommunications industries.
"Pega and Ultima have worked together for more than seven years and have a long successful history together,” said Alan Trefler, Founder and CEO of Pegasystems. “This acquisition will reinforce an already solid support network for our existing customers in Turkey and provide additional local sales, delivery and support resources. By bringing Ultima’s proven expertise into the Pega family, we can offer our clients the same level of applications expertise, service and support they have come to expect and provide continuity of trusted relationships."
Sinan Çilesiz, General Manager, Ultima, commented, "We have had a great relationship with Pegasystems and believe strongly in the benefits of Pega’s software. We are excited to be a part of Pegasystems and believe that this will allow us to continue the momentum we’ve built working with major customers such as Isbank and Vodafone. The level of interest in our combined offerings is clear from the strong showing at our annual Pega event on Digital Transformation, taking place today in Istanbul."
Boğaç Giritlioğlu, Director, Ultima, added, "We are delighted to be embarking on this exciting and promising journey as part of 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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