Pegasystems Inc
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PEGA Pegasystems Inc
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Information Technology : Software | Mid Cap Growth
Company profile

Pegasystems Inc. develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications. Its applications and platform intersect with and encompass several traditional software markets, including Customer Relationship Management (CRM); Business Process Management (BPM); Business Rules Management Systems (BRMS); Dynamic Case Management (DCM); Decision Management, which includes Predictive and Adaptive analytics, and the Vertical Specific Software (VSS) market of industry solutions and packaged applications. It provides implementation, consulting, training, technical support and hosting services to facilitate the use of its software. The Company offers its services to financial, healthcare, insurance, manufacturing, life sciences and other markets.

Price
Delayed
$116.28
Day's Change
-3.99 (-3.32%)
Bid
--
Ask
--
B/A Size
--
Day's High
118.18
Day's Low
115.86
Volume
(Heavy Day)

Today's volume of 381,266 shares is on pace to be much greater than PEGA's 10-day average volume of 271,168 shares.

381,266

UPDATE: Teladoc and Livongo Health to merge in deal valued at $18.5 billion

2:07 pm ET August 5, 2020 (MarketWatch)
Print

Teladoc Health Inc. (TDOC) and Livongo Health Inc. (LVGO) said Wednesday they have agreed to merge in a deal valued at $18.5 billion to create a company that can serve a spectrum of health needs, using virtual care. Under the terms of the deal, Livongo shareholders will receive 0.592x shares of Teladoc plus $11.33 in cash per share owned. Teladoc shareholders will own abut 58% of the combined entity, while Livongo shareholders will own the remaining 42%. The combination "creates a global leader in consumer centered virtual care," the companies said in a joint statement. The new entity is expected to have pro forma revenue of about $1.3 billion for 2020, equal to pro forma growth of 85%. "Livongo is a world-class innovator we deeply admire and has demonstrated success improving the lives of people living with chronic conditions," Teladoc Chief Executive Jason Gorevic said in a statement. Together, we will further transform the healthcare experience from preventive care to the most complex cases, bringing 'whole person' health to consumers and greater value to our clients and shareholders as a result." The deal is expected to close in the fourth quarter. The combined company is expected to generate revenue synergies of $100 million by the end of the second year after the deal closes and to achieve $500 million on a run rate basis by 2025. Gorevic will be CEO of the combined company, and the board will comprise eight members of the Teladoc board and five members of the Livongo board. Teladoc shares fell 2.3% premarket, while Livongo was up 6.9%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 05, 2020 14:07 ET (18:07 GMT)

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