Pegasystems
Encyclopedia
Pegasystems Inc. is a provider of Business Process Management
(BPM) software solutions and a Business rules Platform based in Cambridge, Massachusetts.
. Trefler's early experiences teaching computers how to play chess provide the intellectual foundation for his thinking on the importance of rules
and automated decision support
. Pegasystems went public in 1996 and is listed on the NASDAQ exchange under the symbol PEGA.
Pegasystems is headquartered in Cambridge, Massachusetts
, with regional offices across North America, Europe and Asia Pacific. Pegasystems has been consistently ranked as an industry leader in Business Process Management by both Forrester Research
and Gartner Research . For the fiscal year 2008, Pegasystems realized revenues of $212 million (USD).
On 15 March 2010 Pegasystems announced it was acquiring Chordiant
for a price of up to approximately $161.5 million.
(BPM) suite intended to help businesses plan, build, and manage processes through their entire lifecycle. Pegasystems Smart blends process and practice rules to rapidly deploy and update solutions in response to changing circumstances. The foundation of the SmartBPM Suite is PegaRULES, Pegasystems' business rules engine
that delivers dynamic and situation rule resolution to manage business processes.
Business process management
Business process management is a holistic management approach focused on aligning all aspects of an organization with the wants and needs of clients. It promotes business effectiveness and efficiency while striving for innovation, flexibility, and integration with technology. BPM attempts to...
(BPM) software solutions and a Business rules Platform based in Cambridge, Massachusetts.
History
Pegasystems was founded in 1983 by Alan TreflerAlan Trefler
Alan Trefler is the Founder and Chief Executive Officer of Pegasystems. Trefler also serves as Chairman of the Pegasystems Board of Directors.- Overview :...
. Trefler's early experiences teaching computers how to play chess provide the intellectual foundation for his thinking on the importance of rules
Rule of inference
In logic, a rule of inference, inference rule, or transformation rule is the act of drawing a conclusion based on the form of premises interpreted as a function which takes premises, analyses their syntax, and returns a conclusion...
and automated decision support
Automated decision support
Automated Decision Support, or ADS, systems are rule-based systems that are able to automatically provide solutions to repetitive management problems . ADSs are very closely related to business informatics and business analytics.Automated Decision Support systems are based on business rules...
. Pegasystems went public in 1996 and is listed on the NASDAQ exchange under the symbol PEGA.
Pegasystems is headquartered in Cambridge, Massachusetts
Cambridge, Massachusetts
Cambridge is a city in Middlesex County, Massachusetts, United States, in the Greater Boston area. It was named in honor of the University of Cambridge in England, an important center of the Puritan theology embraced by the town's founders. Cambridge is home to two of the world's most prominent...
, with regional offices across North America, Europe and Asia Pacific. Pegasystems has been consistently ranked as an industry leader in Business Process Management by both Forrester Research
Forrester Research
Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Forrester Research has five research centers in the US: Cambridge, Massachusetts; New York, New York; San Francisco, California;...
and Gartner Research . For the fiscal year 2008, Pegasystems realized revenues of $212 million (USD).
On 15 March 2010 Pegasystems announced it was acquiring Chordiant
Chordiant
Chordiant was an American company. It offered enterprise software to help other companies improve the customer experience of their customers. Primarily their software is internet based / Java EE solutions, though some products run on Microsoft .NET Framework technologies...
for a price of up to approximately $161.5 million.
Solutions
Pegasystems provides a rules-driven Business Process ManagementBusiness process management
Business process management is a holistic management approach focused on aligning all aspects of an organization with the wants and needs of clients. It promotes business effectiveness and efficiency while striving for innovation, flexibility, and integration with technology. BPM attempts to...
(BPM) suite intended to help businesses plan, build, and manage processes through their entire lifecycle. Pegasystems Smart blends process and practice rules to rapidly deploy and update solutions in response to changing circumstances. The foundation of the SmartBPM Suite is PegaRULES, Pegasystems' business rules engine
Business rules engine
A business rules engine is a software system that executes one or more business rules in a runtime production environment. The rules might come from legal regulation , company policy , or other sources...
that delivers dynamic and situation rule resolution to manage business processes.
External links
Further reading
- Pegasystems Pegged As A Winner from investors.com
- The Wizardry of Business Process Management
- Pegasystems Shares Soar On Strong Q1, Roth Buy Rating
- Pegasystems shares surge on strong quarterly results
- Leadership in Finance: Pegasystems' Craig Dynes
- Pegasystems Pegged As A Winner
- Pegasystems points the way forward
- What will business as usual look like?
- Pegasystems Hits 9-Year High As 4Q Earnings Double
- 2009 Globe 100
- Experts: CIO moving more into business, process optimization