Pegasystems Appoints Craig A. Dynes as Chief Financial Officer

CAMBRIDGE, Mass., Sept. 7 — Pegasystems Inc. (Nasdaq: PEGA), the leader in unified process and rules technology, today announced the appointment of Craig A. Dynes as Chief Financial Officer, effective immediately.

"We are pleased to welcome Craig to the Pegasystems team. His managerial experience, along with his understanding of public company financial planning and controls, will be invaluable as we continue our focus on market leadership and growth," said Alan Trefler, founder and CEO.

"The BPM market represents an exciting opportunity as companies seek to better align the interaction of their people, systems and policies," said Mr. Dynes. "I am delighted to join a company which is helping to both define and lead the market."

Mr. Dynes, 51, brings extensive financial management and software experience to Pegasystems, most recently as CFO at Demandware, a venture-backed enterprise software firm. Previously he was President and CEO of Narad Networks, where he led the company's successful turnaround effort. Other experience includes serving as CFO of SilverStream Software (acquired by Novell) and holding senior financial positions at Sybase and Powersoft through periods of enhanced growth and profitability. Mr. Dynes is a graduate of the Richard Ivey School of Business Administration, the University of Western Ontario.

Mr. Dynes' appointment follows the departure of former CFO Chris Sullivan who resigned in May to take a position with a private company. Shawn Hoyt, who had been serving as interim CFO, will return to his position as the company's General Counsel.

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

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