Pegasystems Recognized as a Leader in META Group's Evaluation of Java-Based Pure-Play BPMS Tools

CAMBRIDGE, Mass., Nov. 23, 2004 — Pegasystems Inc. (NASDAQ: PEGA), a leading provider of smart, rules-driven business process management (BPM) software, today announced that it has been ranked as a market leader in META Group's METAspectrumSM report for Java-Based Pure-Play BPMS Tools. META Group is a leading provider of information technology (IT) research, advisory services, and strategic consulting.


The new METAspectrum evaluation provides an objective assessment of companies providing business process management suites (BPMS) — software toolsets used to model, orchestrate, execute and measure business processes, including manual and automated steps and various other information. Leaders are defined by META Group as those companies that exhibit such characteristics as an international presence, competitive offerings in all the BPM suite components, and over 50 clients with strong references.


"We developed METAspectrum to enable IT professionals to quickly evaluate vendors based on their ability to deliver on the presence and performance criteria that matter most in a given market," said Hollis Bischoff, META Group vice president and BPM analyst. "In addition to international presence, comprehensive competitive offerings and strong references, the market leaders also have the strongest focus on end-user modeling and a strategic view that recognizes the transformation to a broader software infrastructure platform, and the need for value-added functionality to remain competitive in the long term," she explained.


"We are pleased by our favorable rating in this METAspectrum," said Samir Gulati, Pegasystems' vice president of Global Marketing. "Our customers share our vision that business should be flexible, agile and able to build for change — and that 'smart', rules-driven BPM effectively closes the 'execution gap' between management decisions and business operations."


About METAspectrum


META Group's METAspectrumSM methodology provides a framework for evaluating or selecting an appropriate IT vendor or product, simplifies the decision process, and enables more effective technology investments. META Group's research efforts, which adhere to the company's commitment to objectivity, are conducted independently, based on industry best-practice methodologies and subject to the highest levels of review by META Group's research community. To learn more about METAspectrum, visit metagroup.com/metaspectrum or call 800-945-META.


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. 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 significantly. Further information is contained in the Company's most recent report on form 10-Q or 10-K and other recent filings on file with the Securities and Exchange Commission.


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


METAspectrumSM market evaluations and results are the sole property of META Group, Inc. Permission to use the results requires prior written approval from META Group and should not be deemed an endorsement of any company or product. Copyright (C) 2004 META Group, Inc. All rights reserved.

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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