Pegasystems founder and CEO Alan Trefler also insisted the company's results so far in 2014 are "very solid and reflect the increasing benefits Pega clients are achieving through the use of our technology.
The acquisition is expected to close this year, the company said. Terms have not been disclosed. Istanbul-based Ultima provides consulting and services for developing strategic business applications and IT infrastructure.
The company has two offices in India -- in Hyderabad and Bangalore and had recently acquired the assets of Bangalore-headquartered MeshLabs Software Private Limited, a provider of advanced text analytics and social engagement solutions.
is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement.
Gold Fields Ltd: The average daily volume for the past 20 trading days in Gold Fields Ltd (NYSE:GFI) stood at 5,149,899 shares. The 1-month percentage change in short interest reading was confirmed at 32.35%.