![]() The company went public in 1996 with initial and secondary public offerings, and began trading on NASDAQ under the symbol PEGA. As a private company, Pegasystems was "bootstrapped" initially, but did not take on outside investors. An article in Computerworld traces business rules engine to the early 1990s and to products from Pegasystems, Fair Isaac Corp and ILOG. ![]() Trefler recollects that when he started Pegasystems, he wanted to create software for business people, how business-people wanted things to work. During the company's early years it focused on providing case management, namely for companies such as American Express. Prior to founding the company, in the early 1980s Trefler had developed computer systems that could play chess. ![]() Alan Trefler founded Pegasystems in 1983 at the age of 27, in Cambridge, Massachusetts.
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