Satyam Joins Pegasystems Alliance Program
CAMBRIDGE, Mass., June 2, 2003 — Pegasystems Inc. (NASDAQ: PEGA), a leading provider of smart business process management (BPM) software, today announced that Satyam Computer Services (NYSE: SAY), a leading global provider of IT services, has joined its alliance program as a services partner to support the sale and implementation of PegaRULES Process Commander.
Both companies will participate in joint sales and marketing initiatives focused on helping companies increase sales and reduce the cost of changing rules in business applications. Satyam is building a specific practice around PegaRULES Process Commander, and is currently deploying a solution that will automate the processing of business and financial contracts with the power of rules, helping to reduce costs for one of the largest manufacturing companies in the world.
The alliance will combine Satyam's technology expertise, business knowledge and cost-efficient global delivery with Pegasystems' smart BPM software. Under the new agreement, Satyam will deliver a complete range of technology services, from consulting to implementation of Pegasystems solutions. Satyam will also help create and distribute PegaRULES RuleSets, a collection of best practices and procedures that describe how to resolve a specific business function or problem. Satyam will work with Pegasystems to build and deliver pre-packaged, market-specific RuleSets based on industry best practices.
"The flexibility and agility that Pegasystems' products deliver dramatically enhances Satyam's value proposition to the marketplace," said Sriram K, vice president, Consulting and Enterprise Solutions, Satyam Computer Services. "By combining our cost-efficient deployment expertise and domain knowledge with the leading business process management software in the market, Satyam and Pegasystems can deliver solutions that help improve top-line growth for our customers while helping to reduce their annual costs for changing business rules."
"Satyam is an excellent fit with Pegasystems because they provide the expertise and the resources of almost 10,000 professionals to help us deploy our simply smart BPM solutions," said Paul McNulty, vice president, PegaRULES, Pegasystems. "With Satyam, we're poised to help organizations realize a significant return on investment by helping them to increase sales opportunities, eliminate inefficiencies, and reduce the cost of changing business rules."
Pegasystems is building an extensive Alliance Program, comprised of three types of partnerships: services partners, solution partners, and technology partners. Services partners are system integrators and consultants that scope, design, build, deploy, and/or manage client-specific, Pegasystems-based implementations. Solution partners are software development companies that develop repeatable market-specific solutions, based on a combination of partner and Pegasystems technology. Technology partners are companies that interact with, complement or add value to Pegasystems technology.
Satyam Computer Services Ltd. (NYSE: SAY), a diverse end-to-end IT solutions provider, offers a range of expertise aimed at helping customers re-engineer and re-invent their businesses to compete successfully in an ever-changing marketplace. Over 9700 highly skilled professionals in Satyam work onsite, offshore or offsite to provide customized IT solutions for companies in several industry sectors. Satyam's ideas and products have resulted in technology-intensive transformations that have met the most stringent of international quality standards. Satyam development centers in India, USA, UK, Middle East, Singapore, Japan, and Australia serve over 280 global companies, of which 81 are Fortune 500 corporations. For more information, visit www.satyam.com
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 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 impact of pending regulatory proceedings, difficulty in predicting the completion of product implementations and consequently the timing of revenue recognition, the inability to attract and retain key employees, reliance on key third-party relationships, management of the Company's growth, 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 Quarterly Report on Form 10Q for the quarter ended March 31, 2003 on file with the Securities and Exchange Commission. 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.
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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.
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