STOCK TITAN

Pega Awarded ITES-SW2 Contract with the U.S. Army via immixGroup

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Pegasystems Inc (NASDAQ: PEGA) has received approval for its software to be included in the U.S. Army's ITES-SW2 CHESS federal contract vehicle through immixGroup, enhancing procurement processes for federal agencies. This approval aims to aid agencies in their digital transformation efforts using Pega Government Platform™ and Pega Customer Service™ solutions. The contract's base period is from Aug. 31, 2020, to Aug. 30, 2025, with a potential extension until Aug. 30, 2030. This partnership is expected to streamline contracting activities, helping federal agencies meet modernization goals.

Positive
  • U.S. Army approval enhances Pega's market access in federal contracting.
  • Streamlined procurement process for federal agencies via immixGroup.
  • Support for digital transformation projects using Pega solutions.
Negative
  • None.

CAMBRIDGE, Mass., Feb. 24, 2021 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the software company that crushes business complexity, today announced the U.S. Army has approved Pega software for its ITES-SW2 CHESS federal contract vehicle through immixGroup, a value-added distributor for government. This approval helps federal agencies accelerate and simplify the contracting process to procure Pega Government Platform™ and Pega Customer Service™ for their digital transformation and modernization projects.

ITES-SW2 is a contracting vehicle for the U.S. Army and federal agencies to procure approved public sector commercial off-the-shelf software products and services. Under this contract vehicle, the U.S. Army and federal agencies can now easily procure Pega solutions and leverage quick deployment support by fast-tracking contracting activities through immixGroup. Pega's base contract period runs from Aug. 31, 2020 to Aug. 30, 2025 with a five-year option period from Aug. 31, 2025 to Aug. 30, 2030.

immixGroup, an Arrow Electronics company, is a value-added distributor that helps technology companies do business with the government. immixGroup enables IT manufacturers and solution providers to grow their public sector business and accelerate the sales cycle. Government agencies trust immixGroup to provide reliable access to a wide range of enterprise software and hardware products through their preferred contracts and business partners.

Pega helps provide government agencies with a fast path to deliver outcomes and improve services, as well as the scalability to meet modernization requirements while maintaining industry compliance. Pega's solutions connect data and systems across operational silos, helping streamline organizational complexity while improving efficiency. Pega currently works with the largest government agencies to help them achieve their modernization goals and transform the digital experience. For more information, visit https://www.pega.com/industries/government

Quotes & Commentary:
"The addition of Pega Government Platform on the ITES-SW2 contract vehicle continues to make it easier for us to support and address the technology needs of the U.S. Army and other federal agencies to help them meet their digital modernization goals," said Doug Averill, vice president and industry market lead, government, Pegasystems. "We're looking forward to extending our work with federal government agencies and powering our U.S. Army and federal clients through this contract."  

About Pegasystems
Pega delivers innovative software that crushes business complexity so our clients can make better decisions and get work done. We help the world's leading brands solve their biggest business challenges: maximizing customer lifetime value, streamlining customer service, and boosting operational efficiency. Pega technology is powered by real-time AI and intelligent automation, while our scalable architecture and low-code platform help enterprises adapt to rapid change and transform for tomorrow. For more information on Pegasystems (NASDAQ:PEGA), visit www.pega.com.  

Press Contact
Sean Audet
Pegasystems Inc.         
Sean.Audet@pega.com
Twitter: @pega 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/pega-awarded-ites-sw2-contract-with-the-us-army-via-immixgroup-301234464.html

SOURCE Pegasystems Inc.

FAQ

What is the significance of Pegasystems' approval for the ITES-SW2 contract?

The approval allows Pegasystems to provide its software solutions to the U.S. Army and federal agencies, facilitating streamlined procurement for digital transformation projects.

What are the contract periods for Pega's ITES-SW2 contract?

The base contract runs from Aug. 31, 2020, to Aug. 30, 2025, with a five-year extension option until Aug. 30, 2030.

How does the ITES-SW2 contract benefit federal agencies?

It simplifies and accelerates the contracting process for federal agencies to procure Pega's software solutions.

Which Pega software solutions are involved in the ITES-SW2 contract?

The contract includes Pega Government Platform™ and Pega Customer Service™ for digital transformation.

Pegasystems Inc

NASDAQ:PEGA

PEGA Rankings

PEGA Latest News

PEGA Stock Data

7.40B
85.75M
47.3%
43.52%
1.46%
Software - Application
Services-computer Processing & Data Preparation
Link
United States of America
CAMBRIDGE