Pegasystems Recognized as a Leader for the Second Time in Two Months in Independent Research Firm Report
CAMBRIDGE, Mass., Feb 27, 2006 — Pegasystems Inc. (Nasdaq: PEGA) today announced that Forrester has recognized Pegasystems as a market leader in BPM in The Forrester Wave™: Human-Centric Business Process Management Suites, Q1 2006. This distinction comes only a month after being recognized as a leader in The Forrester Wave™: Business Rules Platform, January 2006. Pegasystems is the only vendor to be recognized as a leader in both the BPM and BRE Forrester Waves.
The Forrester Wave™: Human-Centric Business Process Management Suites, Q1 2006, evaluated 12 vendors across 215 criteria, conducting lab evaluations, product road map and strategy briefings and interviews with customers from each vendor to evaluate the solutions. Pegasystems' SmartBPM™ Suite was named among the top three vendors noted for delivering "comprehensive suites that foster rapid, iterative process design." The leaders were also recognized for their strong management teams, innovative product road maps and product functionality.
"Pegasystems provides the strongest viability among these three leaders, is built for highly dynamic processes and also incorporates native enterprise-class rules capabilities into its process management features," writes Connie Moore in the report. The supplemental vendor report entitled "Pegasystems Has An Agile BPMS Built For Process Change And Rapid Process Design" goes on to say that "In Pegasystems, all the logic rests in one place, allowing elegant, codefree, easy-to-understand solutions to extremely complex process problems."
The widely read report also states that the worldwide market for BPM is growing at a compounded annual growth rate (CAGR) of more than 20 percent between 2005 and 2009 when it is expected to reach $2.7 billion. It reveals that 113 out of 145 business and IT decision-makers say they have already completed, are piloting, or plan to implement BPM software.
"We're very pleased with Pegasystems' top-tier placement in both this report and The Forrester Wave Business Rules Platforms report released last month, as it validates our position and effort to set the bar in the BPM space," said Pegasystems CEO and founder Alan Trefler. "Pegasystems' unification of process and rules technology is designed to mirror the way humans think — powering unlimited competitive advantage for the world's most sophisticated companies."
The report comes on the heels of the recently released The Forrester Wave™: Business Rules Platforms, which cited Pegasystems PegaRULES breadth of features and rules-processing algorithm as "unique" in the industry and placed the company in the top echelon of business rules platforms because of its comprehensive development environment, rules management features and strong market presence.
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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Lisa Pintchman Rogers
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