Pegasystems’ Chordiant Buy Not Without Risks - Story From: CRM Buyer
Business process management vendor Pegasystems will be acquiring CRM company Chordiant for $161.5 million, or $5 per share. While the deal will clearly provide synergies to both companies, it is also a function of the general consolidation in the CRM and BPM space, Nucleus Research Vice President Rebecca Wettemann told CRM Buyer. Once the integration is complete, a combined Pegasystems-Chordiant could target enterprises looking for Oracle-like or SAP-like functionality, but at a smaller scale and price point, she said.
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