Pegasystems Announces New Sales Organization; New Structure Designed to Maximize Growth Opportunities of Converging Technologies
CAMBRIDGE, Mass., Jan. 19, 2004 — Pegasystems Inc. (NASDAQ: PEGA), a leading provider of smart, rules-based business process management (BPM) software, today announced changes within its sales organization designed to maximize growth opportunities for the company's BPM platform and related financial services and healthcare BPM applications.
With the ongoing and rapid technological convergence of its vertical and horizontal BPM products, Pegasystems is consolidating its sales organization to more effectively sell its solutions. Pegasystems' John Barone will assume the position of vice president, North America Sales. Prior to Pegasystems, Barone served as president of Engage, Inc. and, prior to that, as vice president of sales for the Americas at Clarify, a division of Nortel Networks. Joseph Friscia, executive vice president, Applications, is leaving the company to pursue other opportunities.
Henry Ancona, president and COO, Pegasystems, commented, "As our application products converge with our smart BPM platform, PegaRULES Process Commander, we're taking the opportunity to sharpen our focus and become even more efficient. This new structure will help to improve functional excellence and focus on increasing market share, leveraging our expertise in BPM, exceptions management and customer service for the financial services, healthcare and other markets. We've made a number of key hires in the sales organization over the past year, and continue to build upon the world-class execution of our 'Simply Smart BPM' strategy."
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 September 30, 2003 on file with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on such forward-looking statements and there are no assurances that the matters contained in such statements will be achieved.
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.
Lisa Pintchman Rogers
VP, Corporate Communications
Director, Corporate Communications
Sr. Manager, Public Relations
Director, Corporate Communications
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