| Ticker: PEGA | 101 Main Street | |
| Exchange: NASDAQ-National Market | Cambridge, Massachusetts 02142 | |
| Industry: High-Tech | (617) 374-9600 |
| Type of Shares: | Common Shares | Filing Date: | 5/15/96 | |
| U.S. Shares: | 3,400,000 | Offer Date: | 7/18/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,700,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 700,000 | Gross Spread: | $0.84 | |
| Offering Amount: | $44,200,000 | Selling: | $0.45 | |
| Expenses: | $600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 26,290,800 |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Montgomery Securities | Co-manager | 4156272220 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $22.25 | $4.94 | $4.01 | Assets: | $26.56 |
| Net Income: | $2.88 | $0.49 | $0.26 | Liabilities: | $11.42 |
| EPS: | $0.11 | $0.02 | $0.01 | Equity: | $15.14 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Pegasystems develops customer service management software to automate customer interactions across transaction-intensive enterprises. Many of the world's largest banks, mutual funds and credit card organizations use the Company's solutions to integrate, automate, standardize and manage a broad array of mission-critical customer service activities, including account set-up, record retrieval, correspondence, disputes, investigations and adjustments. The Company's systems can be used by thousands of concurrent users to manage customer interactions and to generate billions of dollars a day in resulting transactions. Work processes initiated by the Company's systems are driven by a highly adaptable "rule base" defined by the user-organization for its specific needs. The rule base facilitates a high level of consistency in customer interactions, yet drives different processes depending on the customer profile or the nature of the request. The Company's open, multi-tier, client/server systems operate on a broad variety of platforms, including UNIX, Windows/NT and IBM/MVS. The Company offers consulting, training and support services to facilitate the use of its solutions. |
| Use of Proceeds |
| The proceeds from the offering will be used for general corporate purposes, working capital, product development, capital expenditures and possible acquisitions. |
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