Pegasystems Announces Regulatory Clearance for Its Planned Acquisition of Chordiant Software

CAMBRIDGE, MA--(Marketwire - March 31, 2010) -  Pegasystems Inc. (NASDAQ: PEGA), the leader in business process management (BPM) software solutions, today announced the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to its previously announced planned acquisition of Chordiant Software, Inc. (NASDAQ: CHRD), a leading provider of customer relationship management (CRM) software and services.

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