Pegasystems Inc Stock Price, News & Analysis

Pegasystems (NASDAQ: PEGA) has received Provisional Authorization from the Defense Information Systems Agency for its Pega Cloud for Government, achieving Impact Level 4 (IL4) status. This certification confirms compliance with stringent Security Requirements for cloud computing, ensuring protection for mission-critical data within the Department of Defense (DOD). The IL4 authorization enables DOD agencies to accelerate cloud adoption and modernization of services while adhering to Federal standards, enhancing operational efficiency and security.

Pegasystems Inc. (NASDAQ: PEGA) announced an Investor Session on June 2, 2022, at 10:00 AM ET, hosted by COO and CFO Ken Stillwell. The session will be available via webcast, featuring discussions on the company's latest low-code software innovations, its go-to-market strategy, and efforts to balance growth with profitability. Attendees can submit questions in advance by emailing Investor Relations. A replay will be accessible on the company's Investors page post-event.

Pegasystems Inc. (NASDAQ: PEGA) has been recognized as a Leader in Forrester's Q2 2022 Real-Time Interaction Management (RTIM) report, achieving top scores in current offering and strategy, alongside the highest score possible in market presence. Pega excelled in 25 of 28 criteria, highlighting its strengths in customer recognition, decision arbitration, and predictive analytics. The report emphasizes Pega's alignment of RTIM with digital process automation, aiming for significant revenue gains for clients. This recognition follows Pega's previous accolades in digital process automation and customer engagement sectors.

Pegasystems Inc. (NASDAQ: PEGA) announced the acquisition of Everflow, a Brazilian process mining software company, enhancing its AI-powered decisioning and workflow automation capabilities. This acquisition allows Pega clients to uncover and address process inefficiencies, streamlining operations. Everflow's technology will integrate with Pega's existing platform to offer real-time process optimization and hyperautomation solutions. The new capability is set for limited availability in Q4 2022 and general release in early 2023. Terms of the deal were not disclosed.

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.