Demise of a Corporate Spy

Shares of Pegasystems have dropped 65% since the start of the year and are unlikely to recover.

(Spoiler Alert... Appian Awarded $2.036 Billion in Damages Against Pegasystems Inc.) 

Appian, for investors who are unfamiliar, is a fellow SaaS vendor that competes in the business process management (BPM) space and also emphasizes low-code software. Appian sued and won a corporate espionage case against Pegasystems. 

In a nutshell, Pegasystems was found guilty of trade secret appropriation: it hired an employee of a government contractor to provide it with access to Appian software. This contractor then passed information (including video recordings of the Appian development environment) to Pegasystems employees. Pegasystems' CEO, Alan Trefler, was also found to have participated in meetings with this contractor present... Appian won a $2.036 billion judgment in its favor. more

Does your company have a Surreptitious Recording in the Workplace policy? If not, read Surreptitious Workplace Recording — and what to do about it.