Pegasystems
company on 2 shows · 10 statements across 2 episodes · said 19 times in 4 episodes since 2017
Top Founders 17 
the MAD Podcast 2
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Top Founders 17the MAD Podcast 2
2024 2 mentions in 1 episode
2018 16 mentions in 2 episodes 8 per episode
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Liu: Pegasystems addresses complex processes in a brittle, heavyweight manner
“Think like old school companies like Pegasystems, right. That are really tackling very complex business processes. But in a very brittle way, right? Like once you implement something on Pega, you're not iterating on that, like on a daily or even monthly or eve…”
Treffler funded Pegasystems with family loans and a $500K life insurance policy
“I had to borrow money from family. And one of the first things I did was take out a 500,000 dollar term life and policy on myself.”
Pegasystems took 24 years to reach $100M in revenue before accelerating
“Well, you know, the way I describe the company is we became an overnight success after 24 years. So it took 24 years. To hit a hundred million in revenue, and then obviously the business has really been clipping along since then.”
Treffler says an outside president stalled Pegasystems under $100M in revenue
“I for five years, brought in a president. And we actually learned a lot. I was able to really step back, but they weren't able to get it up over a hundred million. We were stuck there for several years. When I came back, I learned enough and we made enough cha…”
Pegasystems went public in 1996 with a $32M revenue run rate
“We had a massive run rate the day we went public of thirty-two million.”
Treffler admits excess IPO capital caused bootstrapped Pegasystems to waste money
“And the trouble with that is obviously introducing too much public market money into a firm that's accustomed to boot scrapping entirely and accustomed to a different go-to-market model led us and gave us the opportunity to frankly waste a lot of it.”
Treffler explains Pegasystems' $160M acquisition of predictive analytics technology in 2010
“So when we, for example, made a build versus buy decision in 2010 to bring in what I still think are absolutely top of market predictive and adaptive analytics, we actually, you know, bought a company for a hundred and sixty million bucks, and then we spent tw…”
Treffler says GM OnStar's crash response system runs on Pegasystems software
“We have Software that does IOT, for example, for GM, GM OnStar. If a GM car hits a tree, it calls a Pega system.”
Treffler claims no companies are currently making money in distributed edge IoT
“But doing stuff, for example, IOT distributed on the edge across the shop floor, it's a good idea. It's going to happen. A lot of companies are in it. Don't see any of them making any money. I don't see that market Coming together soon.”