Pegasystems Announces Record Revenue for Fourth Quarter and Fiscal Year 2011

Dramatic Increase in Customer Demand Fuels Record Bookings and Revenue; Value of 2011 License Signings up More Than 75 Percent Over Previous Year

Pegasystems Inc. (NASDAQ: PEGA - News) today announced financial results for the fourth quarter and year ended December 31, 2011. GAAP revenue for 2011 increased 24% to $416.7 million compared to 2010. GAAP net income for 2011 was $10.1 million, or $0.26 per diluted share, compared to GAAP net loss of $5.9 million, or ($0.16) per diluted share, for 2010. Non-GAAP net income for 2011 was $28.4 million, or $0.72 per diluted share, compared to Non-GAAP net income of $22.5 million, or $0.57 per diluted share, for 2010.

Keltec Board appoints Simon Pemberton to key management position with the remit of continuing to drive the company’s revenue growth and increased profitability

Bracknell, Berkshire, UK – Keltec, a leading provider of IT solutions, IT support and IT managed services, today announced the appointment of Simon Pemberton as Managing Director. In this new appointment, effective 1st January 2012, Pemberton brings over 15 years of experience in the IT and communications industries. The appointment comes as a result of promotion from Sales & Marketing Director, recognising Pemberton’s success in recent years in growing Keltec’s revenue performance and profitability.

Avid Announces Results for Fourth Quarter 2011

Reports First Quarterly GAAP Net Income Since 2007

Avid® ( AVID ) today reported revenues of $185.3 million for the three-month period ended December 31, 2011, compared to $195.3 million for the same period in 2010. The GAAP net income for the fourth quarter was $1.2 million or $0.03 per share, compared to a GAAP net loss of $571,000 or $0.01 per share, in the fourth quarter of 2010.

The GAAP net income for the fourth quarter of 2011 and GAAP net loss for 2010 included amortization of intangible assets, stock-based compensation, gain on asset sales in 2010 only, restructuring and other charges, and related tax adjustments collectively totaling $13.4 million and $14.8 million, respectively. Excluding these items, the non-GAAP net income for the fourth quarter of 2011 was $14.6 million, or $0.38 per share, compared to non-GAAP net income of $14.2 million, or $0.37 per share, for the fourth quarter of 2010.

February 7th 2012 - Altium, developer of next-generation electronics design software and services, has announced the full range of board-level IC component solutions from Future Technology Devices International (FTDI Chip) is available for its electronics design software, Altium Designer, through the AltiumLive portal. Electronics designers using Altium Designer will now have direct access to new components that include a comprehensive range of FTDI Chip devices to meet their USB connectivity needs.