Pegasystems' VP Advances the Case for Rules-based BPM in 2004 Workflow Handbook

CAMBRIDGE, Mass., April 19, 2004 — Pegasystems Inc.'s (NASDAQ: PEGA) vice president of Business Process Management, Setrag Khoshafian, has written a key chapter on the relationship between rules-based systems, business process management, and Web Services for the Workflow Management Coalition's recently published 2004 Workflow Handbook.


Khoshafian is among an elite group of contributors to the book, along with technologists from Hewlett Packard, IBM, Fujitsu, and the University of California at Berkeley. In his chapter, "Web Services Orchestration and Management Through Intelligent BPM," he makes the case that rules-based platforms for business process management (BPM) systems employing Web services are the best way to give business people more control over IT systems running crucial business processes.


"Rules give rise to intelligent Web services and BPM systems," Khoshafian writes. "In terms of the underlying framework, a single rules-based BPM engine is the only option that guarantees the required efficiency, consistency, maintenance and migration for agile, service-oriented enterprises."


Dr. Khoshafian has more than 10 years of hands-on experience designing and implementing enterprise BPM systems. Before joining Pegasystems in 2003, he served as senior vice president of technology for Savvion. He is the lead author of eight books on a wide variety of technologies, and has taught graduate and undergraduate technology courses at various universities. He holds masters and doctoral degrees in computer science from the University of Wisconsin.


Pegasystems is a leading provider of smart, rules-based business process management (BPM) software. The company recently released its PegaRULES Process Commander Version 4 smart BPM platform, which combines business rules and business process management, including robust system integration, localization and business activity monitoring (BAM) capabilities — all capable of running in a distributed, heterogeneous environment.


"The Workflow Management Coalition is an exceptional forum for discussing the importance of rules, because workflow is the foundation for so many of the key processes in corporate IT," said Pegasystems CEO Alan Trefler. "Setrag's chapter draws the crucial line connecting rules, BPM and Web services into the unified whole that lets IT systems evolve into the genuine business drivers they can, and should, be."


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 including, without limitation, our financial guidance with respect to 2004 revenue, profit before tax, tax rate, earnings per share and cash from operating activities. 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 from those expressed in such forward-looking statements. These risks and uncertainties include volatility of our quarterly operating results, difficulty in predicting the completion of product implementations and consequently the timing of our license revenue recognition, the timing of term software license renewals, customer acceptance of our new PegaRULES Process Commander technology, our ability to develop new products and evolve existing ones, the impact on our business of the ongoing consolidation in the financial services market, historically our core market, our ability to attract and retain key employees, reliance on certain key third-party relationships, and other risks and uncertainties. Further information regarding these and other factors, which could cause the Company's actual results to differ materially from any forward-looking statements contained in this press release, is contained in the Company's most recent report on form 10-K and other recent filings on file with the Securities and Exchange Commission. The forward-looking statements contained in this press release represent the Company's views as of April 19, 2004. Investors are cautioned not to place undue reliance on such forward-looking statements and there are no assurances that the matters contained in such statements will be achieved. Although subsequent events may cause the Company's view to change, the Company does not undertake and specifically disclaims any obligation to publicly update or revise these forward-looking statements, whether as the result of new information, future events or otherwise. The statements should therefore not be relied upon as representing the Company's view as of any date subsequent to the date of this release.


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

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.

 

Press Kit

 

Media Contacts

Lisa Pintchman Rogers
VP, Corporate Communications
[email protected]
+1 617-866-6022

North America:
Sean Audet
Director, Corporate Communications
[email protected]
+1 617-528-5230

Ilena Ryan
Sr. Manager, Public Relations
[email protected]
+1 617-866-6722

Europe:
Joanna Richardson
Director, Corporate Communications
[email protected]
+44 (0) 118 9651 660

Jon Brigden
PR & Communications Manager
[email protected]
+44 (0) 118 9398 584

Pegasystems Inc.
One Rogers St.
Cambridge, MA 02142
U.S.A.
Phone +1 617-374-9600
Fax +1 617-374-9620