SOURCE: Pegasystems

Pegasystems

October 22, 2014 07:00 ET

Pegasystems Acquires Turkish Partner, Ultima Information Technology

Establishes Formal Pega Presence in Turkey

ISTANBUL, TURKEY--(Marketwired - Oct 22, 2014) -  Pegasystems Inc. (NASDAQ: PEGA), the software company powering the digital enterprise, today announced it has entered into a definitive agreement to acquire its partner in Turkey, Ultima IT. The transaction is expected to close by the end of the fourth quarter. Terms of the deal have not been disclosed.

Ultima is a leading provider of consulting and services for developing strategic business applications, and IT Infrastructure in the Turkish market. The vast majority of Ultima's business is based on Pega's CRM applications and the Pega 7 platform. The two companies share several large customers who use Pega software in the financial services and telecommunications industries.

"Pega and Ultima have worked together for more than seven years and have a long successful history together," said Alan Trefler, Founder and CEO of Pegasystems. "This acquisition will reinforce an already solid support network for our existing customers in Turkey and provide additional local sales, delivery and support resources. By bringing Ultima's proven expertise into the Pega family, we can offer our clients the same level of applications expertise, service and support they have come to expect and provide continuity of trusted relationships."

Sinan Çilesiz, General Manager, Ultima, commented, "We have had a great relationship with Pegasystems and believe strongly in the benefits of Pega's software. We are excited to be a part of Pegasystems and believe that this will allow us to continue the momentum we've built working with major customers such as Isbank and Vodafone. The level of interest in our combined offerings is clear from the strong showing at our annual Pega event on Digital Transformation, taking place today in Istanbul."

Boğaç Giritlioğlu, Director, Ultima, added, "We are delighted to be embarking on this exciting and promising journey as part of Pegasystems."

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About Pegasystems

Pegasystems Build for Change® Platform is the heart of Better Business Software®. It delivers business agility and empowers leading organizations to rapidly close execution gaps and seize new opportunities. Pegasystems leverages its recognized leadership in Business Process Management (BPM), Multi-Channel Customer Relationship Management (CRM), Business Rules, and Adaptive Analytics to uniquely give its clients the power to engage customers, simplify operations and Build For Change®. For more information, please visit us at www.pega.com

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