Careers at PegaSystems
PegaSystems develops and sells software products that provide customer relationship management and business process management systems to business clients worldwide.
PegaSystems was founded in 1983 by Alan Trefler (“Trefler”), who continues to serve as the Company’s Chief Executive Officer. Trefler took an interest in computer systems since designing computer systems that play chess in the 1980s. He founded the Company with the intention enabling computers to more accurately represent the ways in which business people would like a company to be run.
In its early years PegaSystems provided case management services to companies such as American Express. The Company has since expanded its product portfolio significantly to include business process management and customer relationship management software solutions. PegaSystems listed on the NASDAQ in 1996, raising an estimated $300 million.
It is today one of the leading companies in its field, recording a market capitalisation of $2.14 billion.
Benefits at PegaSystems
Business model of PegaSystems
PegaSystems serves businesses and organisations of all sizes and across multiple jurisdictions. According to its 2015 annual report, the Company has historically derived a significant portion of its revenue from clients in the financial services, healthcare, insurance, and communications markets.
While these markets remain important for the Company’s future growth, PegaSystems continues to serve other sectors, including the government, insurance, energy and life sciences sectors.
PegaSystems main market is its native US, which accounts for more than half of the Company’s annual revenue. Outside of the US, the Company is particularly active in Europe and Asia.
Among PegaSystems’s customers are household names such as HSBC, Expedia, ING, Deutsche Bank, Cisco, Coca Cola and BNP Paribas.
PegaSystems provides value to its customers through its products, services and solutions. The Company’s success is dependent on the quality and reliability if its products.
The standing of the Company within the customer relationship management and business process management field is reflected by the high standing and success of its customers and partners, which include Cisco, HSBC, Accenture, EY and Hitachi.
The Company provides personal support to its customers on an ongoing basis and is always seeking to provide its customers with more innovative products adding features and services and providing enhanced functionality in collaboration its its technology partners.
PegaSystems operates mobile and desktop websites at www.pega.com, where customers can browse the Company’s products and services and request demonstrations.
Products cannot, however, be purchased directly from the PegaSystems website. Instead, customers must contact one of the Company’s sales teams directly, in order to receive a more bespoke service.
In addition to its international sales teams, PegaSystems collaborates with a number of resellers and affiliates in order to increase its market presence.
PegaSystems provides its customers with technical support services and training through its Pega Academy, Pega Knowledge Base and My Support Portal. This includes a range online learning resources and guides in the form of webinars, documentation and FAQs.
Additionally, customers can interact with one another and work through common software problems via the Company’s customer forum. Customers can also interact with PegaSystems directly through the company’s LinkedIn, Facebook, Twitter and YouTube accounts.
PegaSystems develops, markets, and licenses software products for marketing, sales and onboarding, and customer service requirements, targeted at business customers worldwide. The Company also offers software applications built on its own Pega 7 platform and provides support and technical assistance services to its customers.
With its software, PegaSystems aims to assist its clients in building and developing enterprise applications that cover existing markets for customer relationship management, business process management, business rules management, dynamic case management, and decision management.
The Company primarily serves the financial, healthcare, insurance, life sciences and healthcare markets.
PegaSystems partners with a range of companies, across multiple sectors and jurisdictions.
It divides its partners into four categories:
- strategic consulting partners, which work to provide project management and business advisory services to PegaSystems’s customers;
- systems integrator partners, which assist PegaSystems’s customers in deploying proprietary software solutions;
- registered business partners, which provide technical expertise and implementation services to customers across a variety of regions; and
- technology partners, which provide complementary solutions and infrastructure with a view to increasing the functionality of PegaSystems’s products.
PegaSystems’s strategic consulting partners include Accenture, EY and Cognizant; its systems integrator partners include Tech Mahindra, Incessant and Wipro; its registered business partners include Hitachi, Ordina and Unisys.
PegaSystems’s key resources are its technology and products, its IT infrastructure, and its personnel – notably its sales and support staff.
Searches of the US Patent and Trademark Office identified two patent applications registered with PegaSystems as the applicant: ‘Systems and methods for distributed rules processing’, which refers to a distributed rules processing system, and ‘Content-based caching using a content identifier at a point in time’, which refers to techniques for data processing and caching.
PegaSystems incurs costs in relation to the research and development of its products, the maintenance of its IT infrastructure, and the retention of its personnel.
The Company employs around 3,300 workers worldwide, amounting to costs in the form of salaries and benefits, and several offices – including in the US, UK and Australia, which accrue costs in the form of rent and utilities.
PegaSystems generates revenue primarily through the sale of software products and licences to businesses and organisations worldwide, as well as through the provision of consulting and support services. The Company’s licence revenue is primarily derived from sales of products targeted at marketing, sales and onboarding, customer service, and operations, while consulting services revenue is principally related to new licence implementations.
The Company also provides training to its customers for a fee. According to its 205 annual report, PegaSystems expects consulting revenue to decrease in future as customers become more accustomed to using the Company’s products and partners begin to lead more projects. The majority of PegaSystems’s revenue is generated in the US, with around 45% generated from outside the US in the past three fiscal years.
In 2015 PegaSystems generated $682.7 million in annual revenue, an increase on the $590 million recorded in 2014. As of 31st December 2015, the Company also had software license, maintenance, cloud, and services agreements with clients expected to result in future revenue of around $580.9 million, of which the Company expects to recognize as much as $336.9 million in 2016.
info: Alan has served as Chief Executive Officer of PegaSystems since founding the Company in 1983. In this role he has received several awards, including Software Chief Executive of the Year and Public Company Chief Executive of the Year. Trefler began his career in 1978 as a senior project manager at Casher Associates. He stayed in this role for two years before leaving to join TMI Systems in 1980. He served as a funds transfer product manager at TMI Systems until founding PegaSystems in 1983. Trefler holds a bachelor’s degree in Economics and Computer Science from Dartmouth College.
info: Kerim has served as PegaSystems’s Senior Vice President of Products since 2014, having first joined the Company in 2000. Akgonul began his time at the Company as Director of Software Engineering. He was appointed Director of Product Management in 2004 and later became Vice President of Product Management in 2007. In addition to these roles, Akgonul established PegaSystems’s eLearning Platform, Pega Academy, which provides necessary training for customers that wish to become a Pega Certified Professional. The details of Akgonul’s earlier career are not disclosed in his corporate networking profile. Akgonul holds a bachelor’s degree in Mathematics and Computer Science from the Indiana University of Pennsylvania.
info: Douglas has served as PegaSystems’s Senior Vice President of Global Customer Success since 2004. He began his career in 1984 as a software engineer at Data General, a position he held until 1987 when he joined Stratus Computer in the same position. In 1991 Kra was appointed Vice President of Cambridge Technology Partners (now Atos Consulting). He went on to serve briefly as President of Zefer from 2000 to 2001 before joining eLoyalty as Vice President in 2002. This was his last role before joining PegaSystems. Kra holds a bachelor’s degree in Computer Science from Brandeis University and an MBA in Finance from New York University’s Leonard N Stern School of Business.
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