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SaaS Interviews with CEOs, Startups, Founders

1188 Pega About To Hit $1B in ARR as 30+ Year "Overnight Success"

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 25 October 2018

⏱️ 24 minutes

🧾️ Download transcript

Summary

Alan Trefler is a visionary leader, a technology change-agent, an innovative
philanthropist, a chess master, and a trusted advisor to business
executives around the world. He founded Pegasystems to change the way
the world builds software. Today, the company employees nearly 4,500
people around the world and has a market cap of almost $5B.

Transcript

Click on a timestamp to play from that location

0:00.0

Stay patient and boy has he done it. Founded in 1983. Actually, this was maybe an inpatient move.

0:05.8

1996 IPOing, maybe a little early, raising north of 100 million bucks on day one and going,

0:11.0

oh my gosh, we now have investors. What do we do here? They're doing about 32 million bucks run right then.

0:15.1

Fast forward a couple years into 2000, hired an external CEO to try and drive more growth.

0:19.1

Didn't work out so well. So eventually took back the helm in 2010, made a big acquisition to develop out a system

0:25.4

that more fully integrated their customer engagement and process automation platform.

0:29.4

They're today doing north of $847 million in run rate targeting about $900 million.

0:34.1

Again, focusing and just staying home on what they know well, which is, again,

0:40.2

these enterprise accounts, customer engagement, process automation.

0:47.0

This is the top entrepreneurs podcast where founders share how they started their companies and got filthy rich or crash and burn.

0:52.3

Each episode features revenue numbers, customer counts, and other insider

0:57.4

information that creates business news headlines. We went from a couple of hundred thousand dollars

1:03.7

to 2.7 million. They had no money when I started the company. It was 160 million dollars,

1:08.5

which is the size of any IPOs. We're a bit strapped.

1:11.2

We have like 22,000 customers.

1:15.1

With over 5 million downloads in a very short amount of time,

1:19.4

major outlets like Inc are calling us the fastest growing business show on iTunes.

1:24.3

I'm your host, Nathan Latka, and here's today's episode.

1:29.0

Hello, everyone. My guest today is Alan Treffler. He's a visionary leader and a technology

1:34.0

change agent and an innovative philanthropist, a chess master and a trusted advisor to business

1:38.6

and executives around the world. He founded Pegas Systems to change the way of the world

1:42.2

build software. Today, the company, employs nearly 4,500 people around the world and has a market cap of

...

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