Pegasystems Announces Quarterly Cash Dividend

CAMBRIDGE, Mass., June 1 — Pegasystems Inc. (Nasdaq: PEGA), the leader in unified process and rules technology, today announced that its Board of Directors has approved a $0.03 per share quarterly cash dividend. The first dividend will be payable to shareholders of record as of July 3, 2006 with the payment to be made on July 17, 2006.


"With $117 million in cash and investments on hand, and $20 million in average annual positive cash flow from operations generated over the past four years, Pegasystems has a unique opportunity to provide immediate and ongoing value to shareholders, while also continuing to drive innovation and revenue growth," said Alan Trefler, Chairman and CEO, Pegasystems. "The Company's cash position, and strong positive cash flow from operations, provides the opportunity not only to continue to invest in our company and provide market-leading technology, but also to look at additional ways to provide shareholder value."


Pegasystems also announced that its Board of Directors has authorized the repurchase of up to $10 million of Pegasystems common stock, beginning on July 1, 2006 when the Company's current repurchase program expires. At the Company's discretion, the purchases will be made from time to time on the open market or in privately negotiated transactions. Under the program, which expires June 30, 2007, shares may be repurchased in such amounts as market conditions warrant, subject to regulatory and other considerations.

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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Jon Brigden
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+44 (0) 118 9398 584

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