Alan Trefler, chairman and chief executive officer, commented, âPegasystems' 2005 results clearly demonstrate growing customer enthusiasm for our SmartBPMâ¢ solutions. The world's most sophisticated organisations are increasingly selecting Pegasystems software to power their competitive advantage and implement best processes across their enterprises.
"We continue to utilise our "quick value" sales strategy, which delivers customer benefit through accelerated implementation cycles and a smaller initial license. Once organisations achieve growth and productivity with successful initial implementations, we are seeing customers extend their Pegasystems relationships and diversify their use of our Build for Changeâ¢ technology.
Pegasystemsâ 51 new license signings in 2005 was a record; the company signed 21 new customers and extended relationships with an additional 30. Its industry-leading customers are using Pegasystems software for everything from bringing insurance products to market more quickly to enterprise-wide BPM automation.
More than 1,100 partners, customers and Pegasystems personnel were trained on its BPM technology in 2005, nearly double the number in 2004. The company also continues to garner awards for its new class of BPM software, including recent industry analyst recognition for its strong market presence."