GEOGRAPHIC INFORMATION AND MAJOR CLIENTS

9 Months Ended

Sep. 30, 2015

GEOGRAPHIC INFORMATION AND MAJOR CLIENTS

12. GEOGRAPHIC INFORMATION AND MAJOR CLIENTS

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance.

The Company develops and licenses its strategic software applications and Pega 7 platform, and provides consulting services, maintenance, and training related to its offerings. The Company derives substantially all of its revenue from the sale and support of one group of similar products and services – software that provides business process solutions in the enterprise applications market. To assess performance, the Company’s CODM reviews financial information on a consolidated basis. Therefore, the Company determined it has one reportable segment — Digital Enterprise Business Solutions, and one reporting unit.

The Company’s international revenue is from clients based outside of the U.S. The Company derived its revenue from the following geographic areas:

	Three Months Ended September 30,								Nine Months Ended September 30,
(Dollars in thousands)	2015				2014				2015				2014
U.S.	$	89,640	55	%	$	77,792	57	%	$	267,671	56	%	$	230,220	55	%
Other Americas		6,602	4	%		12,195	9	%		46,278	10	%		21,499	5	%
United Kingdom		19,491	12	%		19,098	14	%		60,867	13	%		72,655	17	%
Other EMEA		20,672	13	%		15,910	11	%		55,376	11	%		66,218	16	%
Asia Pacific		25,998	16	%		12,636	9	%		48,148	10	%		30,488	7	%
	$	162,403	100	%	$	137,631	100	%	$	478,340	100	%	$	421,080	100	%

There were no clients accounting for 10% or more of the Company’s total revenue during the third quarter and nine months of 2015 and 2014. There were no clients accounting for 10% or more of the Company’s total outstanding trade receivables as of September 30, 2015 and December 31, 2014.