Pega Creates New Leadership Role to Accelerate Clients’ Adoption of Pega Cloud for Faster Innovation

Rhea-AI Summary

Pegasystems Inc. (NASDAQ:PEGA) has created a new executive position to accelerate the adoption of Pega Cloud. Frank Guerrera, previously Pega's chief technical systems officer, will assume the role of chief cloud officer. This strategic move aims to support clients in quickly realizing benefits such as enhanced application deployment, scalability, and security.

The decision comes as worldwide spending on public cloud services is forecasted to reach $805 billion in 2024 and double by 2028. Guerrera will oversee all aspects of cloud business development, including driving Pega Cloud adoption, managing cloud migration efforts, and facilitating the transition from legacy systems. Pega Cloud powers mission-critical solutions for large organizations, maximizing customer value, simplifying service, and boosting efficiency.

Positive

• Creation of a new chief cloud officer role to accelerate Pega Cloud adoption
• Potential for increased revenue from cloud services as global cloud spending is projected to reach $805 billion in 2024
• Enhanced support for clients to quickly realize benefits of Pega Cloud, including improved application deployment and performance
• Scalability and efficiency improvements for clients using Pega Cloud
• Strengthened security and disaster recovery capabilities for client data and processes

Negative

• None.

Pega’s Frank Guerrera will assume new role of chief cloud officer

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced the creation of a new executive position dedicated to accelerating the adoption of Pega Cloud^TM. Frank Guerrera, previously Pega’s chief technical systems officer, will immediately assume the new role of chief cloud officer to further the company’s commitment to providing value for clients in a rapidly evolving digital landscape.

Pega Chief Cloud Officer Frank Guerrera (Photo: Business Wire)

According to IDC, worldwide spending on public cloud services is forecasted to reach $805 billion in 2024 and double in size by 2028. This, combined with organizations’ growing needs to adopt new technologies like generative AI, will result in increased demand for cloud-based services. As Pega clients incorporate new Pega Infinity^TM solutions – including Pega GenAI^TM capabilities – on Pega Cloud, Guerrera’s strategic leadership position will help provide global support so clients can quickly realize benefits, including:

• Enhanced application deployment and performance: Clients can accelerate the deployment and optimize the performance of Pega applications by quickly adopting and upgrading to the latest Pega technologies to remain agile as needs evolve.
• Scalability and efficiency: Pega Cloud operates as a service so clients can scale their infrastructure based on need and only pay for what they use. They can also increase efficiency by offloading maintenance tasks, freeing up IT teams for more strategic initiatives.
• Security and disaster recovery: Pega Cloud provides stringent security measures while adhering to industry standards and regulations so clients can feel confident that their data is safeguarded and their technology is compliant. Predictive monitoring, automated backups, failover capabilities, and redundancy measures help minimize downtime and protect critical business processes.

As chief cloud officer, Guerrera will oversee all aspects of cloud business development. His responsibilities will include driving Pega Cloud adoption, managing cloud migration efforts, and facilitating the transition from legacy systems. Guerrera will also collaborate across the Pega ecosystem to ensure alignment and effective execution to help clients continue to lower costs, increase revenue, and reduce risk.

Since joining Pega in 2017 as chief technical systems officer, Guerrera has been pivotal in helping build and scale Pega Cloud into a vital part of Pega’s core offerings. He previously held leadership roles in cloud technology and business management with a proven track record of success at large enterprise software companies including HP, Salesforce, and Nuance, as well as other large organizations like State Street, Reuters, Fidelity, and JP Morgan. His blend of business, architectural, and operational expertise uniquely qualifies him for this new position.

Pega Cloud powers the world's largest organizations running mission-critical solutions that maximize customer value, simplify service, and boost efficiency. It uses capabilities inherent in Pega's AI-powered decisioning and workflow automation solutions to automate the delivery and management of cloud services. Coupled with the largest global collection of Pega expertise in the world, Pega Cloud delivers the most complete Pega experience available for clients. For more information, visit www.pega.com/products/cloud.

Quotes & Commentary:

"By appointing a dedicated leader with deep cloud expertise, we are positioned to better address our clients' evolving needs and expedite Pega Cloud adoption," said Ken Stillwell, chief operating officer and chief financial officer, Pega. "This helps enable clients to keep pace with rapid innovation while making a significant and positive impact on Pega’s cloud business and the broader organization. Establishing this new role is a critical milestone in our mission to position Pega at the cutting edge of cloud technology.”

"Pega is committed to nurturing a culture of innovation, a critical part of which is accelerating our cloud business transformation while reinforcing our position as a leading provider of advanced cloud solutions," said Frank Guerrera, chief cloud officer, Pega. "I look forward to continuing to help drive exceptional value and fuel our future growth while further supporting clients on their innovation journeys."

About Pegasystems

Pega provides a powerful platform that empowers the world’s leading organizations to unlock business-transforming outcomes with real-time optimization. Clients use our enterprise AI decisioning and workflow automation to solve their most pressing business challenges – from personalizing engagement to automating service to streamlining operations. Since 1983, we’ve built our scalable and flexible architecture to help enterprises meet today’s customer demands while continuously transforming for tomorrow. For more information on how Pega empowers its clients to Build for Change®, visit www.pega.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240916507796/en/

Ilena Ryan

ilena.ryan@pega.com

617-866-6722

Twitter: @pega

Source: Pegasystems Inc.

FAQ

Who is the new chief cloud officer at Pegasystems (PEGA)?

Frank Guerrera, previously Pega's chief technical systems officer, has been appointed as the new chief cloud officer at Pegasystems (PEGA).

What is the projected worldwide spending on public cloud services in 2024?

According to IDC, worldwide spending on public cloud services is forecasted to reach $805 billion in 2024.

What are the main benefits of Pega Cloud for clients?

The main benefits of Pega Cloud for clients include enhanced application deployment and performance, scalability and efficiency, improved security and disaster recovery, and the ability to quickly adopt and upgrade to the latest Pega technologies.

How will the new chief cloud officer role impact Pegasystems (PEGA)?

The new chief cloud officer role is expected to accelerate Pega Cloud adoption, manage cloud migration efforts, and facilitate the transition from legacy systems, potentially driving growth in Pega's cloud business and overall organization.