Pegasystems Named as Finalist for the 2007 MITX Technology Awards

CAMBRIDGE, Mass., May 30, 2007 — Pegasystems Inc. (Nasdaq: PEGA), the leader in unified process and rules technology, today announced that for the second year in a row it has been named as a finalist for the MITX Technology Awards. The 4th annual MITX What's Next Forum & Technology Awards recognize innovative technologies developed in the New England area, as well as the individuals and organizations responsible for driving these advancements. The Massachusetts Innovation & Technology Exchange (MITX) is the region's premier association for thought leadership, technology trends, business networking and professional training and development.


Pegasystems, a premier provider of Business Process Management (BPM) software, garnered recognition from MITX due to its Customer Process Manager (CPM) solution that drives best-practice processes for customer service, sales and marketing. CPM provides a powerful combination of customer service capabilities that match customer and business intentions at the moment of interaction. This real-time customer response processing improves the customer experience and increases user productivity. CPM provides "one-and-done" customer service automation, incorporates best-practice processes to meet the growing needs of today's service organizations, and enables the rapid development of new composite applications.


"Pegasystems appreciates being named as a MITX finalist for the second straight year," said Jay Sherry, vice president, Marketing and Solution Frameworks. "We're seeing growing interest in our customers using BPM technology for customer service and contact center demands and are confident that our leading rules-based technology will continue to gain even more traction."


"The regional economy is showing real strength, and it's in no small part due to the resurgence in the technology sector and the innovation that fuels so much of the growth," said Kiki Mills, executive director of MITX. "The MITX Technology Awards are a wonderful opportunity to recognize the companies that are leading the way and to celebrate their accomplishments and that of the entire technology community."


Pegasystems will be recognized with the other finalists in the category of customer relations at an awards ceremony attended by the region's top technology and business professionals. Last year, Pegasystems was named winner of the IT operations category. This year's winners will be announced at the ceremony at the Four Seasons Hotel in Boston on Tuesday, June 5, 2007. This year's keynote speaker and special honoree is Tim Berners-Lee, Director of the World Wide Web Consortium.


The ceremony is preceded by the What's Next Forum. The topic, "What's Next for The Device Web -Emerging User Experiences," will be a forward-looking discussion about the exciting new world is coming the consumer's way that will provide them with a range of new, very rich experiences. The MITX What's Next Forum & Technology Awards are sponsored by Backbone Media, Lewis PR, Microsoft, Oracle, and Technology Review.


About MITX


Established in 1996, the Massachusetts Innovation & Technology Exchange (MITX: "my-techs") is the industry and professional organization where technology, marketing and digital media intersect. Reaching more than 6,000 professionals in New England, MITX is a dynamic and growing community for thought leadership, building business relationships and professional training and development. Members of the MITX community take advantage of events, sponsorships, speaking opportunities and networking to make meaningful business connections and exchange innovative leadership, management and technical ideas. With more than 60 events each year, MITX provides its members with the opportunity to promote their companies to targeted audiences. MITX events also provide a valuable forum for networking to source potential business leads, partnerships, ideas, funding and other likeminded peers in the industry. MITX is headquartered in Cambridge. For more information please go to www.mitx.org

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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