Pega Service Ventures: FAQ

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Pega Service Ventures: FAQ

What is the Pega Service Ventures?

Pega Service Ventures develops and drives the expansion of the Pegasystems professional services ecosystem. The program funds new and emerging professional services companies and practices to meet the growing demand for Pegasystems partners who can deliver high-quality implementations of Pegasystems solutions.

What is the size of a typical investment?

It is expected that initial investments shall range in size from $250,000 and up.

What are the goals of the program?

The goals of the program are to:

  • Increase the ecosystem of Pegasystems partners that can implement Pegasystems solutions of the highest level of quality
  • Provide a source of funding to help build new and emerging Pegasystems implementation partners
  • Increase the number of people with deep technical knowledge of Pegasystems solutions

It is also a goal of the program for new Pega funded partners to engage an initial professional services project within six months of the initial investment.

What are the benefits of the program?

The benefits of the program include:

  • Funding
  • Mentorship
  • Online technical training
  • PegaWorld passes
  • Business development support
  • Access to the Pega Discovery Network (PDN)
  • Access to Global Customer Support

Who should apply for this program?

Pegasystems is looking to partner with experienced professional with a mix of the following attributes:

  • Pegasystems expertise (lead system architect, practice leader, etc.)
  • Experience running a services business, a services practice, or an internal Pega practice
  • Operational experience and expertise
  • Ability to develop and execute a business plan for growth
  • Proven people with leadership experience

What will Pega’s ongoing operational role be?

  • Monthly manage to win meetings
  • Ongoing coaching and guidance
  • Business development support

Who should be on the team?

Prior to your first customer engagement, your company shall be staffed with at least three people who have received Pegasystems technical certifications in the following roles:

  • Lead Systems Architect
  • Senior Systems Architect
  • Lead Business Architect

What is the evaluation & funding process?

The deal evaluation and funding process is as follows:

  • Step 1: Submit online application at pega.com/ventures/apply
  • Step 2: Pega Service Ventures review and initial qualification
  • Step 3: Presentation, business plan, and finance review
  • Step 4: Pega determines whether or not to invest
  • Step 5: Pega and the company execute a term sheet
  • Step 6: Due diligence and closing

Apply for Funding

Pega Service Ventures is accepting applications for the Spring 2017 funding cycle. If you want to apply, please submit your application online by 7pm EST April 25th 2017.

We plan to offer a second funding cycle in Fall 2017.

Apply now

Questions

Email us at service.ventures@pega.com

About Pega

Pegasystems Inc. is the leader in software for customer engagement and operational excellence. Pega’s adaptive, cloud-architected software – built on its unified Pega® Platform – empowers people to rapidly deploy, and easily extend and change applications to meet strategic business needs. Over its 30-year history, Pega has delivered award-winning capabilities in CRM and BPM, powered by advanced artificial intelligence and robotic automation, to help the world’s leading brands achieve breakthrough business results.

Learn more