Watch Hill Partners and Pegasystems Partner to Offer Customer-Facing, Rules-Based BPM Solutions

PROVIDENCE, R.I. & CAMBRIDGE, Mass., May 16, 2003 — Watch Hill Partners, Inc., a strategic technology and business process consultancy, and Pegasystems Inc. (NASDAQ: PEGA), a leading provider of rules-based, smart business process management (BPM) software, today announced that Watch Hill Partners has become a premier services partner to support the implementation of PegaRULES Process Commander for major financial services and insurance clients.


Under the terms of the agreement, the companies will participate in joint sales and marketing initiatives focused on PegaRULES Process Commander, Pegasystems' rules-based business process management application. Using PegaRULES Process Commander, Watch Hill Partners will assist companies in the consulting, functional design and implementation of Pegasystems' smart BPM solutions to help customers increase revenues and efficiencies, as well as to respond to shifting market and regulatory conditions.


"Our vision is to help our customers to increase revenues while driving down costs by deploying smart BPM solutions," said Paul McNulty, vice president, PegaRULES, Pegasystems. "Our alliance with Watch Hill Partners allows customers to benefit from their established expertise in strategic CRM, as well as their in-depth knowledge of PegaRULES Process Commander to help achieve tangible benefits."


"Companies in this economy know that they must leverage information technology to rapidly find ways to increase revenues while driving down tangible costs," said Jeff Bartlett, vice president of Watch Hill Partners. "PegaRULES Process Commander is a rules-based BPM solution focused precisely on this issue. This partnership allows us to give clients a new way to automate business processes, respond to shifting market and regulatory conditions while leveraging our well established reputation for delivering on-time and on-budget."


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.


About Watch Hill Partners, Inc.


Watch Hill Partners (www.whpi.com) is a consulting firm offering customer relationship management (CRM), mobile Web services and business process management solutions. Its experienced delivery team has implemented and supported leading technology in the world's top businesses. Watch Hill Partners' Optimization Methodology addresses obstacles with an approach that creates and aligns clients' CRM, BPM, Mobile and ecommerce strategies with the technology and change management to drive success.


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 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.


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.

 

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