Pegasystems Again Named as Top Provider of Technology to Financial Industry
CAMBRIDGE, Mass. – November 19, 2007 – Pegasystems (NASDAQ: PEGA), the leader in Business Process Management (BPM), today announced that American Banker and the research firm Financial Insights have again named the company to the FinTech 100, an international annual listing of the top vertical technology vendors that derive more than one third of their revenue from the financial industry.
Pegasystems' industry-leading SmartBPM® Suite — which offers best-in-class capabilities for driving new business, improving customer relationship management, managing fraud, risk and compliance, and enabling companies to drive operational efficiencies through a servicing backbone — allowed Pegasystems to increase its position from 79th in 2006 to 66th in 2007. Pegasystems' suite of Banking Industry Frameworks also contributed to the company’s higher rank as customers continue to adopt the technology that provides them with the agility to Build for Change® for myriad financial services demands from front to back office and across multiple product lines and channels.
"This award speaks directly to Pegasystems' leading role in continuing to deliver mission critical, high value solutions to the financial services industry," said Willy Fox, senior director of financial services industry solutions, Pegasystems. "We are honored to be recognized again on this prestigious list and proud of our increase in ranking year over year. It is becoming increasingly apparent that BPM technology is being used to drive competitive advantage in financial services organizations, and we are committed to helping our customers achieve this through world class solutions."
Global revenue was a key factor in the list ranking, attesting to the company's stability and prominence in the industry. The ranking of the top 100 vendors is categorized and evaluated based on fiscal year-end revenues and the percentage of revenues attributed to financial services — truly quantifiable, verifiable data. Data is gathered from surveys completed by vendors, as well as original research and market analysis conducted by Financial Insights. For more information about the rankings, visit http://www.financial-insights.com/FI/services/fintech100.jsp.
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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Lisa Pintchman Rogers
VP, Corporate Communications
Director, Corporate Communications
Sr. Manager, Public Relations
Director, Corporate Communications
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