Pegasystems Signs Lease for Expanded Corporate Headquarters in Massachusetts, a 40% Increase

Pegasystems Inc. PEGA today announced that it has signed a lease to move its corporate headquarters to an office complex at One Rogers Street and One Charles Park in Cambridge, Massachusetts. Relocation to the new office facility is expected to begin later this year. Pegasystems is currently ranked as the third "Fastest-Growing Company" in the Technology category by Fortune Magazine(1). The new location will provide space for an increasing Cambridge-based workforce, as well as expanded training facilities. This new office will initially represent a 40 percent increase in space for Pegasystems, compared to its current corporate headquarters. The new Cambridge headquarters facility is the latest in a series of new offices that Pegasystems has opened recently as part of its continued growth, including new regional facilities in the United Kingdom, India, Japan, and the Netherlands. Quotes & Commentary: "We have been committed to Cambridge throughout our 28-year history, and find it a tremendous place to build a team with the sophistication demanded by our clients," said Alan Trefler, Founder and CEO of Pegasystems. "We've been growing revenue at about 30 percent a year for the last five years with a parallel growth in employees. This new facility will enable us to accommodate continued growth, while providing our staff with a state-of-the-art, collaborative and dynamic environment." "Many local organizations have downsized or relocated in recent years while Pegasystems has experienced substantial growth in Cambridge," said Jeff Yanagi, senior vice president of human resources at Pegasystems. "We have more than doubled our staff over recent years, and our plans are to continue an aggressive growth trajectory. We currently have 290 positions open globally. Many candidates are recognizing that training in Pega technology and joining the Pega family can propel their careers. We are excited about our new office facility, as it provides a desirable location with adequate parking and convenient access to many public transit options. In addition, there are many other nearby amenities such as day care, shopping, and restaurants, as well as parks and walking trails."