Pegasystems Expands Global Presence by Opening a New Research and Development Facility in Hyderabad, India

HYDERABAD, India - November 18, 2008 - Pegasystems Inc. (NASDAQ: PEGA), the leader in Business Process Management (BPM) software, today announced the opening of a major research and development facility in Hyderabad, India. This office will provide Pegasystems with a global research, development, and training footprint, and will bring greater technology innovation in the BPM sector.

The new facility in Hyderabad will be a critical component in developing Pegasystems' BPM vision moving forward. Pegasystems will employ highly skilled and experienced engineering talent who will be tasked to explore the frontiers of BPM technology and bring new ideas and concepts into Pegasystems' products. Pegasystems has worked closely with the city of Hyderabad and the state of Andra Pradesh on the opening of this facility, and looks forward to the contribution this office will play in the company's global BPM initiatives.

"Pegasystems is creating a technology hub in Hyderabad that will match our engineering facility at our headquarters in Cambridge, Massachusetts in terms of staffing, skills, sophistication and innovation," said Mike Pyle, Senior Vice President of Engineering at Pegasystems. "This new research lab will grow in capability and influence as we identify and onboard the top talent in our key disciplines to help develop future enhancements of Pegasystems' core BPM products."

"Pegasystems has had a foothold in India, specifically in Hyderabad, through initiatives with partners since 2002," said Suman Eadunuri, Managing Director of Pegasystems India. "Based on the company's great experience in Hyderabad, we decided to invest in a direct presence in the region. Our office there will be a critical resource in supporting the growth and adoption of BPM among all our partners and customers."

"Pegasystems investment in Hyderabad reflects our belief that this facility is ideally located in a region that provides a high level of skilled and talented staff that can help drive and propel the next wave of innovation in BPM software," said Alan Trefler, Chairman and CEO of Pegasystems. "BPM technology is poised to hit an adoption stride in the near future, and we see the Hyderabad facility positioned to help us organizationally address the growing global demand for BPM solutions."

Source : Equity Bulls

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