Pegasystems, a provider of business process management software, is trading sharply higher Wednesday on better-than-expected Q1 results.

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BlackBerry maker Research In Motion announced today that it is in the process of acquiring Ubitexx, a smartphone security and platform management software developer.

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In his book, Business Process Management: The SAP Roadmap, SAP Co-CEO Jim Hagemann Snabe says, based on research, that standard software covers about 20 percent of the processes in any given business.

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