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Virtusa Announces Launch of Pegasystems BPM Practice.


LONDON & WESTBOROUGH, Mass. -- Virtusa Corporation, a global provider of software development and IT services, announced at the Pegasystems User Conference and Expo 2006 the formation of a dedicated Pegaystems Business Process Management (BPM) practice. Creation of the Pega BPM practice formalises the relationship forged between Virtusa and Pegasystems (Nasdaq: PEGA), the global leader in unified business process and rules technology, in 2001 and leverages Virtusa's success in the rapidly expanding global market for integrated BPM and Business Rules (BRE (Business Rules Engine) Software that automates policies and procedures within an organization, whether legal, internal or operational. The use of a rules engine (BRE) requires placing the company rules in an external repository that can be easily reviewed rather than ) solutions.

The Pega BPM practice is staffed with a dedicated team of Pegasystems Certified See certification.  consultants. The practice is based on the synergy between Pegasystems' industry-leading rules-based SmartBPM(TM) suite and Virtusa's unique Productization(R) methodology. Virtusa offers BPM solution design, development and testing, delivered via its Advanced Technology Centres in Asia to further drive the implementation of Pegasystems-based solutions worldwide on a 24/7 basis. All practice members receive exposure to the full development life cycle across all Pegasystems product lines, enabling carefully structured work across a variety of disciplines, technologies and domains.

Virtusa has been jointly developing Vertical Applications with the SmartBPM suite since 2003, with activity focused on rules-based software engineering, BPM Designer Studio, BPM Platform and test engineering. The partnership has already resulted in a successful track record of over 20 professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products.  engagements, highlighted by Virtusa's two Pegasystems Partner Excellence Awards.

Commenting on the Pega BPM practice, Tom Congoran, vice president of Business Development for Pegasystems, said: "Virtusa is a strategic partner for the Pegasystems engineering and professional services teams, and plays an important role across our products and implementations, and reducing time to market, improving quality, and cost of ownership."

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 High Tech Business Unit, Virtusa, added: "Pegasystems has been one of our most strategic partnerships for over four years. Our expanding BPM Practice extends the partnership to a new and exciting phase where we will drive new initiatives designed to benefit Pegasystems, Virtusa and our mutual clients. We currently have the largest number of Pegasystems Certified Professionals and will continue to grow aggressively, enabling us to meet the increasing demand for BPM services and further accelerate time-to-market for solutions built on the Pegasystems suite of products."

About Pegasystems

Pegasystems Inc. (NASDAQ: PEGA) provides software to automate complex, changing business processes. Pegasystems, the leader in unified process The Unified Software Development Process or Unified Process is a popular iterative and incremental software development process framework. The best-known and extensively documented refinement of the Unified Process is the Rational Unified Process or RUP.  and rules technology, gives business people and IT departments the ability to use best processes across the enterprise and outperform Outperform

An analyst recommendation meaning a stock is expected to do slightly better than the market return.

Notes:
Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy.
 their competition.

Our new class of Business Process Management (BPM) technology makes enterprise systems easy to use and easy to change. By automating policy manuals, system specifications and lines of manual coding with dynamically responsive updates, Pegasystems powers the world's most sophisticated organizations to Build for Change(TM).

Pegasystems' award-winning, standards-based BPM suite See BPM.  is complemented with best-practice solution frameworks to help leaders in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
, insurance, healthcare, manufacturing and government markets drive growth and productivity.

Headquartered in Cambridge, MA, Pegasystems has regional offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. . For more information, visit www.pega.com.

NOTE: Pegasystems and SmartBPM are registered trademarks or trademarks of Pegasystems Inc. Other product and company names may be trademarks of their respective owners.

About Virtusa

Virtusa is a global provider of software development and IT services to Fortune 1000 enterprises and leading enterprise software companies in the financial services, communications, and high technology industries. We are a new generation global IT services company that delivers much more than cost savings. Using our unique Productization(R) methodology, we Conceive conceive /con·ceive/ (kon-sev´)
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2. take in, grasp, or form in the mind.


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1. To become pregnant.

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, Transform and Optimize our clients' information systems to improve their business agility and efficiency. Founded in 1996 and headquartered in Massachusetts, Virtusa has offices and technology centers throughout the US, UK and Asia.

For more information, visit www.virtusa.com.
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Publication:Business Wire
Article Type:Company overview
Date:May 15, 2006
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