Pegasystems Earns 'Top 100' Ranking with Fortune Small Business

CAMBRIDGE, Mass., July 22, 2004 — Fortune Small Business magazine has named Pegasystems Inc. (NASDAQ: PEGA) to its list of the top 100 fastest growing companies in the United States, Pegasystems announced today. Pegasystems was ranked 65th, the first time the smart business process management (BPM) software company has been named to the FSB 100.


The fourth annual FSB 100 list identifies the top-performing publicly traded companies in the U.S. based on consistent earnings and revenue growth and stock performance over the last three years. Fortune Small Business compiled the list along with Chicago-based financial research firm Zacks Investment Research, which analyzed public companies with annual revenues of less than $200 million. Healthcare companies took the most positions on the list, but technology companies like Pegasystems made a big comeback this year, according to Fortune Small Business.


"Technology is coming back. Last year's list had just two technology firms, while this year there are ten," the publication reported in its July/August edition.


Pegasystems' smart BPM systems give companies enterprise-wide control over their business practices and processes, from the strategic level to the front lines. Pegasystems software enables companies to respond to changing customer, market and competitive conditions by creating new applications and automated processes in days, not months. The company counts major companies in the financial services, insurance, and healthcare industries among its customers, among them JPMorgan Chase, Credit Lyonnais, Aetna and one-fifth of the nation's Blue Cross Blue Shield licensees.


"This ranking shows we made good business decisions over the last few years, and that our customers - to whom we owe so much of this success - continue to value our technology, our service and our support," said Henry Ancona, Pegasystems' president and COO. "Fortune Small Business is one of the savviest business publications on the market, so we take it as a significant honor that they recognize our strength as a company."


About Fortune Small Business


Fortune Small Business magazine is a publication of AOL Time Warner's FORTUNE Group. For more information visit www.fortune.com/fortune/smallbusiness.


Forward-Looking Statements


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 including, without limitation, our financial guidance with respect to 2004 revenue, profit before tax, tax rate, earnings per share and cash from operating activities. The words "believe," "expect," "hope," "anticipate," "plan" and similar expressions, among others, 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 volatility of our quarterly operating results, difficulty in predicting the completion of product implementations and consequently the timing of our license revenue recognition, the timing of term software license renewals, customer acceptance of our new PegaRULES Process Commander technology, our ability to develop new products and evolve existing ones, the impact on our business of the ongoing consolidation in the financial services market, historically our core market, our ability to attract and retain key employees, reliance on certain key third-party relationships, 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 most recent report on form 10-K and other recent filings on file with the Securities and Exchange Commission. The forward-looking statements contained in this press release represent the Company's views as of July 22, 2004. 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. Although subsequent events may cause the Company's view to change, the Company does not undertake and specifically disclaims any obligation to publicly update or revise these forward-looking statements, whether as the result of new information, future events or otherwise. The statements should therefore not be relied upon as representing the Company's view as of any date subsequent to the date of this release.


NOTE: Pegasystems is a registered trademark of Pegasystems Inc. Other product and company names may be trademarks of their respective owners.

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.

All trademarks are the property of their respective owners.

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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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