Year End Quotes Pegasystems India

Round up of 2010- After the 2008-2009 recession, the IT Industry fared above average in the past 11 months. The growth of the IT industry appeared to be a bit slow in Hyderabad in comparison to Chennai and Bangalore however the pace seems to have picked up over the last 5 months. Access to a wide talent pool in Hyderabad is one of the key reasons for Pegasystems to set up its office in Hyderabad. No doubt that due to all the unrest in the city in 2010, the investor community’s confidence has been shaken for the time being and some of them are evaluating other regions to diversify their investment. In fact a lot of companies that are expected to come to Hyderabad in the near future would have come earlier had there been no unrest in the city in my opinion. However I also believe this is a temporary phase and I am confident that Hyderabad will regain and maintain its leadership position. Expectations from 2011 As we hav
e seen
many turbulent phases in the last 3 years, I would surely expect 2011 to bring some respite for everyone. The industry is already on the recovery path and I expect 2011 to bring cheer to all the segments specially IT. On the local front also, I would expect 2011 to be far more stable for the state from both business and political aspects. At Pegasystems India, we are growing substantially in the country and hope to continue the momentum in the New Year as well. We are expected to expand further in India in 2011 both on business and people front. Mr. Suman Reddy, Managing Director, Pegasystems India Notes to EditorProfile of Pegasystems Pegasystems, the leader in Business Process Management, provides software to drive revenue growth, productivity and agility for the world’s most sophisticated organizations. Headquartered in Cambridge, MA, Pegasystems has offices in North America, Europe and Asia. Publicly held as “NASDAQ: PEGA”

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