Pega Extends Relationship with UK's Tax Authority HMRC Through Customer Engagement Enterprise Agreement
Portfolio Pulse from Benzinga Newsdesk
Pegasystems Inc. (NASDAQ:PEGA) has expanded its relationship with the UK's tax authority, HMRC, through a new five-year agreement to enhance HMRC's digital transformation with Pega's software. This agreement emphasizes the use of Pega's Customer Service and Decisioning software to improve customer experience and streamline tax advisory services.
May 13, 2024 | 8:02 am
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The new five-year agreement with HMRC to use Pega's software for digital transformation could lead to increased revenue and customer base expansion for Pegasystems Inc.
The extension of Pega's relationship with HMRC through a new agreement is likely to have a positive impact on Pega's financial performance. The deal not only ensures revenue from a significant client for the next five years but also serves as a strong endorsement of Pega's software solutions. This could potentially attract more clients in the public sector, further expanding Pega's customer base and revenue streams. The focus on digital transformation and customer service improvement is a growing trend among government agencies, positioning Pega favorably in this market segment.
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