Pegasystems Inc., commonly known as PEGA, is a globally recognized enterprise software company based in the United States. The company was established in 1983 by Alan Trefler and it operates from its headquarters located in Cambridge, Massachusetts. Pegasystems is reputed for its innovative suite of products such as cloud-based, business process management (BPM), customer relationship management (CRM), and digital process automation (DPA) software that prioritizes fast-paced, strategy-driven business solutions.
Over its long history, Pegasystems has positioned itself at the forefront of the software industry by creating powerful, scalable software aimed at helping businesses improve efficiency, reduce costs, and deliver unmatched customer service. Pegasystems takes pride in building software that solves complex business issues and offers seamless experiences for customers.
Their solutions, such as the Pega Infinity platform, incorporate features like advanced analytics and artificial intelligence to automate complex processes and guide user actions. Their software is applied across a diverse range of industries including healthcare, finance, insurance, life sciences, telecommunications, and manufacturing.
Pegasystems has received industry acclaim for its products and practices. It has been recognized as a leader in CRM by research firm Gartner and has won the CRM Market Leader Awards in 2021 for best enterprise CRM suite and best CRM for large companies. Pegasystems has not just made strides in the CRM and BPM space but has also been commended for its achievements in robotic process automation (RPA), and case management systems.
The company’s commitment to continued technology innovation and consistent customer focus is a major driving factor behind its robust financial performance. As of the end of the financial year 2020, Pegasystems reported revenues exceeding $1 billion – a significant milestone for the company.
In summary, Pegasystems Inc. is a pioneering software company, known for their ground-breaking software solutions designed to revolutionize the way companies interact with their customers. A veteran of the industry, PEGASYSTEMS INC continues to push boundaries, offering clients the tools they need to stay ahead in a highly competitive market landscape.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Coforge has launched BridgeCX, a new customer engagement solution integrating Pega Customer Decision Hub and Mastercard Dynamic Yield. This solution aims to bridge the gap between customer insight and action by delivering hyper-personalized experiences at scale. BridgeCX enables organizations to translate omnichannel customer signals into real-time digital actions, optimizing engagement outcomes and maximizing existing martech investments.
Virginia Retirement Systems significantly increased its stake in Pegasystems Inc. by 64.9% in the third quarter, bringing its total holdings to 97,350 shares valued at $3.24 million. Despite this institutional interest, insiders have sold a substantial number of shares, and Pegasystems reported third-quarter earnings and revenue that missed analyst expectations. The consensus analyst rating for PEGA is "Hold" with an average price target of $45.73.
The U.S. Army has awarded Pegasystems Inc. a $419 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract for commercial software subscriptions, technical support, and professional services, with an estimated completion date of October 28, 2036. This contract was among several significant defense contracts announced, including awards for Fujifilm Sonosite Inc. for ultrasound systems, S by S Studio Inc. for apparel, and various contracts for the Navy and Air Force covering maintenance, modernization, and logistics support.