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 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.
Pegasystems Inc. (PEGA) closed the session Friday at $20.03, a loss of -0.96% trading at a volume of 113,183 shares. Pegasystems Inc. (PEGA) is performing above average with a weekly performance of 3.17% and a quarterly performance of -1.16% and ...
Pegasystems Inc. (NASDAQ:PEGA): The stock price is expected to reach $ 25.67 in the short term. The number of analysts agreeing with this consensus is 3. The higher estimate for the short term price target is at $27 while the lower estimate is at $23.
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.