Pegasystems Inc Stock Price, News & Analysis

Pegasystems Inc. (NASDAQ: PEGA) has announced a strategic partnership with Google Cloud aimed at enhancing digital transformation for clients. Pega Cloud applications will be available on Google Cloud as a managed service, and Pega Infinity software will be listed on Google Cloud Marketplace. The initiative includes joint go-to-market activities and the exploration of new industry-specific use cases in sectors like telecommunications, healthcare, and financial services. This partnership aligns with Pega's cloud choice strategy and aims to provide clients with flexible and scalable solutions.

Pegasystems announced the winners of its 2022 Partner Innovation Awards, recognizing key partners for their contributions to digital transformation through Pega's low-code platform.

Accenture was awarded Partner of the Year for excellence in customer transformation, while Revature earned Training Partner of the Year honors. Other categories included Rising Stars, Delivery Excellence, Industry Excellence, and Client Innovation, showcasing partners like Areteans, Capgemini, and EY. The awards highlight Pega's commitment to leveraging partnerships for enhanced client outcomes.

Pegasystems has launched Always-On Insights, a new offering that integrates Pega Customer Decision Hub with Celebrus Customer Data Platform. This solution captures real-time first-party data to enhance customer engagement by providing personalized interactions. As third-party cookies become obsolete in 2023, the offering allows brands to leverage first-party data, optimizing marketing strategies while maintaining compliance. Key features include real-time identity insights and instant outreach recommendations, aimed at increasing response rates and customer satisfaction.

Pegasystems has announced that Carola Cazenave, head of global partner ecosystem, has been named to CRN's 2022 Power 100 list for the second consecutive year. Additionally, 19 other Pega professionals were recognized for their contributions to IT channel success. This recognition underscores Pega's commitment to fostering a strong partner ecosystem. Under Cazenave's leadership, Pega has enhanced its partner strategy, contributing to growth and customer satisfaction.

Pegasystems Inc. (NASDAQ: PEGA) announced enhancements to its Pega Platform™ aimed at simplifying self-service workflow integrations across front-end channels. New features include improved Pega DX APIs for faster user experiences, new SDKs for frameworks like Angular and React, and the Pega Web Embed capability that reduces coding efforts for embedding workflows. These updates respond to a Gartner poll indicating that 74% of businesses prioritize seamless customer journeys. The enhancements aim to ease IT workloads while improving customer interaction.

Appian has won a significant legal victory, with a Virginia jury awarding it $2.036 billion in damages from Pegasystems for trade secret misappropriation and violation of the Virginia Computer Crimes Act. The jury deemed Pegasystems' actions as willful and malicious. During the trial, Appian demonstrated that Pegasystems hired a contractor to gain unauthorized access to its software, using the information to enhance their competitive offerings. This verdict may represent the largest damages award in Virginia state court history, although Pegasystems plans to appeal.

Pegasystems Inc. (NASDAQ: PEGA) announced that COO and CFO Ken Stillwell will present at two upcoming investor conferences. The 17th Annual Needham Technology & Media Conference will be held virtually on May 18, 2022, at 12:45 p.m. EDT. The J.P. Morgan Global Technology, Media, and Communications Conference will take place in Boston on May 23, 2022, at 8:40 a.m. EDT. Live webcasts of both presentations will be available on Pega's Investors page.

Pegasystems Inc. (NASDAQ: PEGA) announced new enhancements to its Pega Platform™ aimed at empowering citizen developers. These include new application templates, training courses, and consulting services designed to expedite the creation of low-code applications while minimizing IT burden. The demand for developers exceeds supply, prompting organizations to leverage non-IT staff for app development. Through effective governance, Pega aims to limit risks associated with citizen development, ensuring a balance between innovation and security.