STOCK TITAN

Pega Introduces Pega Launchpad to Empower Users to Build and Monetize New B2B SaaS Apps

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

Pegasystems Inc. (NASDAQ: PEGA) announced the launch of Pega Launchpad, a new low-code, cloud-based platform aimed at enabling users to develop and commercialize B2B Software as a Service (SaaS) applications. This platform addresses challenges in the competitive SaaS market by offering visual low-code development, support for customizations, and a scalable cloud-native architecture. Initially engaging with prospects, Pega plans to make Pega Launchpad available on Pega Cloud in 2023, enhancing its existing service offerings and expanding its ecosystem.

Positive
  • Launch of Pega Launchpad, enabling businesses to quickly develop B2B SaaS applications.
  • Visual low-code development streamlines the application creation process.
  • Offers enterprise-grade applications with agility and reusability.
  • Pega manages infrastructure, allowing providers to focus on their subscribers.
Negative
  • None.

New product will help application providers open new revenue streams by bringing powerful workflow-based SaaS apps to market

CAMBRIDGE, Mass., July 27, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced Pega Launchpad™ – a new cloud-based, low-code application development platform that will empower anyone to quickly build and launch B2B Software as a Service (SaaS) applications for commercialization. Pega Launchpad combines enterprise-grade workflow automation capabilities with features that make it easy for software providers to develop and scale new B2B SaaS applications.  

Increasingly, companies with deep business knowledge are also becoming technology providers wanting to rapidly deliver subscription B2B software applications. But in today's highly competitive SaaS landscape, engineering talent is scarce, designing scalable applications is complex, buyer expectations are high, and speed is critical. Pega Launchpad is purpose-built to address these unique challenges with a complete application development platform that will offer:

  • Visual low-code development for creating powerful solutions: With the ability to help quickly capture workflows, application providers can go from a new idea to recurring revenue with powerful apps they can sell to subscribers.
  • Controllable support for subscriber customizations: Application providers will be able to define and control the configuration options their customers can use to personalize their new subscription.
  • Full visibility and control across apps, subscribers, and users: An easy-to-use administration portal helps providers monitor and manage their applications, subscribers, and users from a central dashboard.
  • Enterprise-grade applications architected for agility: New applications can be built by reusing existing software, helping developers to easily create new solutions to meet new market opportunities while addressing changing customer needs without needing to rewrite apps from scratch.
  • A scalable, secure, multi-tenant cloud-native platform: Pega manages the cloud that runs Pega Launchpad and the applications built on it – from infrastructure and provisioning to scaling and performance – so providers can focus on their subscribers.

Based on decades of experience delivering a low-code platform for AI-powered decisioning and workflow automation, Pega Launchpad is the latest deliverable of Project fnx – an extensive Pega architectural evolution initiative that has unlocked tremendous value for Pega's clients. These advances include modern, React-based front ends, Pega Cloud services on Google Cloud Platform, and the ability to weave business processes, case management, and workflow across systems with Pega Process Fabric. Learn more about Pega's cloud architecture for enterprise-grade applications here.

Pega is now engaging with early prospects for Pega Launchpad and anticipates availability on Pega Cloud in 2023. For more information, visit www.pegalaunchpad.com.

Quotes & Commentary:

"During our many years of providing low-code solutions, we have heard from many organizations who want to launch their own workflow-based services into the market," said Alan Trefler, founder and CEO, Pega. "Pega Launchpad will provide tools and infrastructure specifically designed to help them quickly create and deliver new solutions. This represents a compelling opportunity for application providers to create solutions while giving Pega new routes to market with an expanded third-party ecosystem."

About Pegasystems

Pega provides a powerful low-code platform that builds agility into the world's leading organizations so they can adapt to change. Clients use our AI-powered 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 so people can meet today's customer demands while continuously transforming for tomorrow.  For more information on Pega (NASDAQ: PEGA), visit www.pega.com.

Press Contact:

Sean Audet
Pegasystems
sean.audet@pega.com
Twitter: @pega 

All trademarks are the property of their respective owners.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/pega-introduces-pega-launchpad-to-empower-users-to-build-and-monetize-new-b2b-saas-apps-301594410.html

SOURCE Pegasystems Inc.

FAQ

What is Pega Launchpad?

Pega Launchpad is a new cloud-based, low-code application development platform designed to help users quickly create and monetize B2B SaaS applications.

When will Pega Launchpad be available?

Pega Launchpad is anticipated to be available on Pega Cloud in 2023.

How does Pega Launchpad benefit application providers?

Pega Launchpad allows application providers to streamline development, customize offerings, and have full visibility and control over their applications and subscribers.

What challenges does Pega Launchpad address in the SaaS market?

Pega Launchpad addresses challenges like scarcity of engineering talent, complexity in designing scalable applications, and high buyer expectations.

What features does Pega Launchpad offer?

It offers visual low-code development, controllable customizations, an easy administration portal, and a scalable cloud-native architecture.

Pegasystems Inc

NASDAQ:PEGA

PEGA Rankings

PEGA Latest News

PEGA Stock Data

7.33B
85.75M
47.3%
43.52%
1.46%
Software - Application
Services-computer Processing & Data Preparation
Link
United States of America
CAMBRIDGE