Pegasystems Announces Expected Record Revenue and Change in Sales Management

CAMBRIDGE, Mass.--Pegasystems Inc. (NASDAQ: PEGA - News), the leader in Business Process Management (BPM) software, today announced that it expects revenue for the 2008 third quarter to exceed its previous quarterly record of $51.1 million. This will yield record revenue of over $150.7 million for the Company’s nine month results ended September 30, 2008.

“We are very pleased to have experienced strong license signings during a quarter of unprecedented economic upheaval. Customers are continuing to expand the use of our Build for Change® technology to reduce operating costs and provide better customer service. Customer interest is further demonstrated by a 35% year-over-year increase in customer registrations for our imminent PegaWORLD annual user conference,” said Alan Trefler, Pegasystems’ chairman and CEO.

The Company also announced that Edward Hughes, Senior Vice President, Global Sales, is leaving the Company. “Edward is clearly leaving Pegasystems on a high note, and we wish him the greatest success in the future,” added Trefler.

Pegasystems expects to announce full Third Quarter financial results on November 10, 2008 with a conference call to follow on November 11, 2008.

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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Lisa Pintchman Rogers
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+1 617-866-6022

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+1 617-528-5230

Ilena Ryan
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Europe:
Joanna Richardson
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+44 (0) 118 9651 660

Jon Brigden
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Pegasystems Inc.
One Rogers St.
Cambridge, MA 02142
U.S.A.
Phone +1 617-374-9600
Fax +1 617-374-9620