March 15, 2010 – Pegasystems Inc. today announced it has entered into a definitive agreement to acquire Chordiant Software. Pegasystems provides business process management software solutions; Chordiant Software, Inc. is a provider of customer relationship management software and services.

Pegasystems' total purchase price will be approximately $161.5 million, expected to close in the second calendar quarter of 2010, per the terms of the agreement.

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