The Pegasystems Inc. (NASDAQ: PEGA) board of directors said it has authorized an expansion of the company´s current share repurchase program.
The new expiration date has been extended from December 31, 2013 to December 31, 2014, and USD15m in repurchases of the company´s common stock has been approved, over and above the amounts repurchased through December 11, 2013.
This expansion is effective from December 11, 2013 to December 31, 2014. For the current fiscal year through December 11, 2013, the company had repurchased 378,073 shares under the current repurchase program, for an average price of USD31.62 per share.
Pegasystems is a leader in business process management and is also ranked as a leader in customer relationship management and mobile application development platform solutions by leading industry analysts. For more information, visit www.pega.com.