Appian (APPN -0.59%) stock soared last May after the low-code software company won a $2.036 billion award in a case against rival Pegasystems (PEGA 2.48%) over theft of trade secrets. In the case ...

Appian Corp shares soared and Pegasystems Inc shares tumbled on Tuesday after a Virginia jury ordered Pegasystems to pay its software rival $2.04 billion in damages for misappropriating trade secrets.

We assign Pegasystems a no-moat rating as we do not expect the company to generate excess returns on invested capital over the next decade, mostly because of its elongated revenue model transition ...

Key Points Appian was awarded a $2 billion verdict in May in an unjust enrichment case over rival Pegasystems. Earlier this month, a judge rejected Pegasystems' attempt to overturn the verdict.

Appian said that Cambridge, Massachusetts-based Pegasystems referred internally to the contractor as a spy and to its scheme as "Project Crush," with Pegasystems employees using fake credentials ...

In the Cambridge company’s earnings call Thursday, Pegasystems Inc.’s CEO Alan Trefler said he was looking forward to the appeal process in Pega’s ongoing legal battle with Appian Corp.

The Circuit Court for Fairfax County has rejected a bid by software developer Pegasystems Inc. to throw out the jury’s verdict in awarding $2.04 billion to Tysons-based rival Appian Corp.

Pegasystems, a jury awarded likely the largest sum in the history of Virginia state court proceedings, finding that Pegasystems was liable for $2 billion-plus in damages to Appian for planting a ...

These four companies have been selected for my peer analysis of Pegasystems, with a focus on valuation against growth prospects. Appian focuses on low-code automation for business process management.

Appian (NASDAQ: APPN) stock soared last May after the low-code software company won a $2.036 billion award in a case against rival Pegasystems (NASDAQ: PEGA) over theft of trade secrets. In the ...

(Reuters) -Software company Pegasystems convinced a Virginia appeals court on Tuesday to throw out a $2 billion jury verdict for rival Appian in a court battle over Pegasystems' alleged theft of ...