Pegasystems (PEGA) Announces Completion of Profeatable Corp. Purchase

Pegasystems (NASDAQ: PEGA) has completed the acquisition of Profeatable Corporation, the provider of Firefly co-browsing technology, based in Philadelphia, Pennsylvania. Terms of the deal were not disclosed.

Pegasystems will unify Firefly’s cloud-based collaboration technology into its Build for Change platform and customer service and sales applications. This will enable organizations to enhance customer experience and increase employee productivity through collaboration. Firefly will also continue to be offered as a stand-alone solution. Firefly’s technology enables users to securely share content by simultaneously browsing web pages. It empowers agents to proactively engage customers when and where they need it most, improving customer satisfaction, and driving adoption of self-service tools to increase revenue. It also increases productivity, enabling employees to more easily collaborate on work, regardless of location.

The acquisition is expected to result in dilution of $0.01 to $0.02 per share in 2014 EPS on a GAAP basis due to acquisition costs, amortization of acquisition related intangibles, and stock-based compensation. However, the acquisition is not expected to impact non-GAAP targets for full year 2014 revenue or EPS.

Pegasystems Inc. develops, market, and license software and also provides implementation, consulting, training, and technical support services to help its customers maximize the business value they obtain from the use of the Company’s software.

Shares of PEGA slashed 1.02%, or $0.22, at $21.35 with a 52-week range of $15.51 – $25.77.

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Jacob Foyer is a stock analyst with The Downtown Leader. If you have a great story idea for Jacob Foyer, you can write at [Jacob.Foyer@downtownleader.com ].

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