Pegasystems Launches the ''Pega Exchange'' for BPM and SOA-focused Content and Component Sharing
CAMBRIDGE, Mass. — June 1, 2007 — Pegasystems Inc. (NASDAQ: PEGA) today announced creation of the "Pega Exchange," the world's first marketplace to share intellectual property for enterprise Business Process Management (BPM) applications. The Pega Exchange provides the industry's only opportunity for the rapidly growing BPM community to create, publish, market, distribute and share their commercial or free components and plug-ins with a global audience. The Exchange enables Pegasystems customers to rapidly extend the value of their BPM investment by leveraging third-party solutions for faster time to deployment, greater system stability, and reduced integration and development costs.
The Pega Exchange differs from other offerings in the market by providing substantive downloads beyond reference process diagrams or sample code. Systems integrators, independent software vendors and partners involved in the launch of the Exchange include HostBridge, PrintSoft, Satyam Computer Services Ltd., Cognizant, Crosscheck Networks, and Panorama Software. As part of the Pega Exchange, partners gain further exposure to Pegasystems customers which comprise the world's most sophisticated organizations. Customers using the Pega Exchange will realize significant benefits through broader access to cost-effective components and increased opportunity to expand their BPM usage across the organization for greater competitive advantage, agility and growth.
"The unveiling of Pega Exchange is an industry first and another example of our commitment to provide our customers with technology that is easy to use, quick to deploy and agile enough to change as their organizations evolve," said Ben Frenkel, Strategic Business Development, Pegasystems. "By working closely with the larger Pegasystems community, we can now better achieve these goals. For example, a company with a process that involves connecting to a mainframe would have previously either had to build the integration or hire a system integrator to do so. With the Pega Exchange, the customer can now search for "mainframe," find the mainframe component from an ISV, download it, and install it. It's just a better way to build systems."
With the Pega Exchange, customers will find increased opportunities to quickly realize the full potential of BPM and achieve even greater benefits within their organizations. By fostering a greater community of content contributors, Pegasystems is solidifying its position as the BPM market leader by continuing to provide unrivaled value to its world-class customers.
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
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