Pegasystems Listed in Leader Quadrant in "Business Rules Engine Market" Report
CAMBRIDGE, Mass., Feb. 22, 2005 — Gartner, Inc.'s "Magic Quadrant"(a) report evaluating the leading companies in the business-rules engine (BRE) market positions Pegasystems (NASDAQ: PEGA) in the "Leader" quadrant, Pegasystems Inc. announced today.
According to Gartner, leaders are performing well today, have a clear vision of market direction, and are actively building competencies to sustain their leadership position in the market. "The increased emphasis on business agility is driving many organizations to BREs, among other agility-focused technologies," wrote Jim Sinur, Gartner, Vice President and Distinguished Analyst. "Other agility technologies include business process management, Web Services, and model-driven generators. The phrase might be 'on-demand' or 'just-in-time,' but there is a premium on agility for most business sectors today, and we only expect the demand for agility to increase during the next 10 years."
Pegasystems' rules-engine technology is the foundation of its smart business process management (BPM) solutions, which manage a broad array of complex, changing processes. "We're long past the point where a hard-coded application can satisfy the pace of today's market demands," said Pegasystems CEO Alan Trefler. "Pegasystems' unification of business rules with business processes provides customers real-time business agility that can broadly improve business effectiveness."
The report evaluated a wide range of rules-engine vendors. To be included in the report, companies had to market and sell their rules engines as a separate product, have more than $3 million in rules-engine revenue, and have 10 referenceable clients. The rules engines themselves had to include explicit rules, more than one form of rule representation, management features, truth maintenance, and/or global rule-firing results.
(a) Magic Quadrant for Business Rule Engines, 2005, February 8, 2005 by J. Sinur.
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.
Lisa Pintchman Rogers
VP, Corporate Communications
Director, Corporate Communications
Sr. Manager, Public Relations
Director, Corporate Communications
+44 (0) 118 9651 660
PR & Communications Manager
+44 (0) 118 9398 584
One Rogers St.
Cambridge, MA 02142
Phone +1 617-374-9600
Fax +1 617-374-9620