Pegasystems

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Pegasystems Inc.
Public
Traded as NASDAQPEGA
Industry Software
Founded 1983
Headquarters Cambridge, Massachusetts, United States
Number of locations
31
Area served
Worldwide
Key people
Products Customer Relationship Management (CRM)
Business Process Management (BPM)
Revenue IncreaseUS$ 590 million (2014)
IncreaseUS$ 33.3 million (2014)
Number of employees
3000+
Website www.pega.com

Pegasystems Inc. is an American software company. It is based in Cambridge, Massachusetts. Its products target the customer service and predictive analytics market.

History[edit]

The company was founded in 1983 by Alan Trefler. The company went public in 1996 and began trading on NASDAQ under the symbol PEGA.

The company had financial trouble during the late 1990s following a restatement of earnings for 1997 due to a dispute with its accountants, Ernst & Young.[1] This led to an investigation by the SEC which was dropped in 2002 [2] and a lawsuit from shareholders which was resolved in 2000.[3]

Acquisitions[edit]

On March 15, 2010, the company acquired the enterprise software company Chordiant for approximately $161.5 million.

On October 10, 2013, the company acquired Antenna Software, a mobile application development platform vendor, for $27.7 million. [4]

On July 3, 2014, the company acquired Profeatable Corporation, the provider of Firefly co-browsing technology, based in Philadelphia, Pennsylvania.[5]

References[edit]

External links[edit]