Welcome to our dedicated page for Pegasystems news (Ticker: PEGA), a resource for investors and traders seeking the latest updates and insights on Pegasystems stock.
Pegasystems Inc. (NASDAQ: PEGA) is a frontrunner in the realm of software for customer engagement and operational excellence. Founded in 1983, Pegasystems has crafted an impressive legacy of delivering award-winning solutions in customer relationship management (CRM) and business process management (BPM). The cornerstone of their offerings is the Pega Infinity platform, a unified cloud-architected suite that seamlessly integrates BPM and CRM functionalities.
The Pega Infinity platform empowers enterprises to rapidly deploy, extend, and adapt applications to meet evolving business needs. Leveraging advanced artificial intelligence and robotic automation, Pegasystems' software suite ensures that organizations can achieve breakthrough business results and maintain a competitive edge.
Pegasystems serves a wide array of enterprise-sized clients, focusing predominantly on the financial, insurance, and healthcare sectors. Their adaptive software solutions are designed to cater to the specific needs of these verticals, offering enhanced customer engagement through streamlined operations.
Notably, Pegasystems has formed strategic partnerships and collaborations that bolster its capability to deliver innovative solutions. These partnerships enhance Pega's ability to integrate cutting-edge technology and maintain its position as a leader in the software industry.
With a commitment to continuous improvement and innovation, Pegasystems remains at the forefront of the industry, providing robust solutions that drive efficiency and customer satisfaction. For the latest updates and news about Pegasystems, visit their official website at www.pega.com.
A recent study by Pegasystems (NASDAQ: PEGA) reveals that a lack of accountability in the private sector will prompt governments to assume AI regulation responsibilities within five years. Conducted by iResearch, the survey of 1,350 C-level executives highlighted that 75% anticipate government oversight for AI governance, with 65% deeming current regulations inadequate. Additionally, 52% of respondents noted that the pandemic accelerated hyperautomation opportunities, but integration challenges remain significant.
Pegaworld iNspire held on May 4, 2021, Pegasystems Inc. announced its acquisition of Qurious.io. This cloud-based platform uses real-time speech analytics to enhance customer service interactions. The acquisition aligns with Pega's strategy to integrate AI into customer service, offering agents actionable insights to resolve complex customer issues. Founded in 2016, Qurious.io leverages speech-to-text and natural language processing technologies. The company aims to leverage this acquisition to broaden its market reach and enhance its customer service solutions while details about the transaction value remain undisclosed.
Pegasystems Inc. (NASDAQ: PEGA) announced a quarterly cash dividend of $0.03 per share for Q1 2021, maintaining its current dividend program. This dividend will be paid on January 15, 2021, to shareholders of record as of January 1, 2021. Pegasystems is focused on delivering innovative software to reduce business complexity for leading enterprises, powered by real-time AI and intelligent automation.
Pegasystems Inc. (NASDAQ: PEGA) announced it has received multiple accolades for organizational and technology excellence, including ranking 12th in the Boston Globe's Top Places to Work 2020 and winning a Gold Stevie Award for its Customer Relationship Management Solution. The awards highlight Pega's strong corporate culture and commitment to innovation. Specifically, Pega InfinityTM and its Customer Decision HubTM were recognized for their impact in the CRM sector. These honors reflect Pega's adaptability and resilience throughout the challenges of 2020.
Pegasystems Inc. (NASDAQ: PEGA), a leader in digital transformation software, will present at the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020, at 8:00 a.m. EST. The presentation will be delivered by CFO Ken Stillwell and will be accessible via webcast on the Investors page of their website. Pega focuses on AI-powered software to enhance customer engagement and operational efficiency, helping enterprises drive digital transformation.
Pegasystems Inc. (NASDAQ: PEGA) announced that Ken Stillwell, CFO and CAO, will present at the 2020 Wells Fargo TMT Summit. The conference is scheduled for December 2, 2020, at 10:00 a.m. EST, accessible via webcast on Pega's Investors page. Pega is a leader in cloud software focused on customer engagement and operational excellence, empowering businesses with AI-driven solutions for enhanced customer interactions and operational efficiency.
Pegasystems Inc. (NASDAQ: PEGA) launched the first-ever Pega RPA Auto-balancing feature, which automates bot workload management using AI. This innovation allows organizations to optimize their bot resources without human intervention, reducing unnecessary licensing costs. The feature dynamically reallocates bots based on real-time work demands and prioritizes critical tasks when necessary. This release complements previous automation advancements such as Pega X-ray Vision and Pega Synchronization Server, fostering a fully automated RPA lifecycle, aimed at improving efficiency and reducing operational costs.
Pegасystems (NASDAQ: PEGA) announced that Tokio Marine Kiln (TMK) has chosen the Pega Platform and Pega Cloud to enhance operational efficiency and reduce costs. TMK, an international underwriting business, seeks to consolidate its processes and improve its underwriting journey. The partnership aims to create a unified digital platform to streamline operations and enhance compliance. A working prototype was developed in just four days, demonstrating Pega's capabilities in automating TMK's complex processes, supporting faster deployment and improved scalability.
Pegasystems Inc. (NASDAQ: PEGA) reported Q3 2020 financial results, reflecting resilience amid challenges. Subscription revenue surged by 27% year-over-year, signaling continued growth in cloud transitions. Overall, total revenue increased 4% to $225.9 million, while year-to-date revenue climbed 13% to $718.9 million. Net losses improved by 36% to $19.3 million (GAAP). With over $450 million in cash and investments, Pegasystems is well-positioned to capture opportunities in the $50+ billion digital transformation market.
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