Pegasystems Signs Lease for Expanded Corporate Headquarters in Cambridge, Massachusetts
CAMBRIDGE, Mass. – July 5, 2011 – Pegasystems Inc. (NASDAQ: PEGA), the leader in Business Process Management (BPM) and software for customer centricity, today announced that it has signed a lease to move its corporate headquarters to an office complex at One Rogers Street and One Charles Park in Cambridge, Massachusetts. Relocation to the new office facility is expected to begin later this year.
Pegasystems is currently ranked as the third “Fastest-Growing Company” in the Technology category by Fortune Magazine1. The new location will provide space for an increasing Cambridge-based workforce, as well as expanded training facilities. This new office will initially represent a 40 percent increase in space for Pegasystems, compared to its current corporate headquarters.
The new Cambridge headquarters facility is the latest in a series of new offices that Pegasystems has opened recently as part of its continued growth, including new regional facilities in the United Kingdom, India, Japan, and the Netherlands.
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“We have been committed to Cambridge throughout our 28 year history, and find it a tremendous place to build a team with the sophistication demanded by our clients,” said Alan Trefler, Founder and CEO of Pegasystems. “We’ve been growing revenue at about 30 percent a year for the last five years with a parallel growth in employees. This new facility will enable us to accommodate continued growth, while providing our staff with a state-of-the-art, collaborative and dynamic environment.”
“Many local organizations have downsized or relocated in recent years while Pegasystems has experienced substantial growth in Cambridge,” said Jeff Yanagi, senior vice president of human resources at Pegasystems. “We have more than doubled our staff over recent years, and our plans are to continue an aggressive growth trajectory. We currently have 290 positions open globally. Many candidates are recognizing that training in Pega technology and joining the Pega family can propel their careers. We are excited about our new office facility, as it provides a desirable location with adequate parking and convenient access to many public transit options. In addition, there are many other nearby amenities such as day care, shopping, and restaurants, as well as parks and walking trails.”
“We are proud to welcome a fast-growing, high performing company like Pegasystems as a tenant,” said John Carrick, assistant managing director – northeast region for Principal Real Estate Investors, the property owner. “These world-class facilities offer a unique match for the needs of Pega’s world headquarters. We’re confident this valuable partnership has long-term potential, and we look forward to helping support the impressive growth of Pega for years to come.”
1 Fortune Magazine, September 2010
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
VP, Corporate Communications
Director, Corporate Communications
Sr. Manager, Public Relations
Director, Corporate Communications
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