Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems founder and CEO Alan Trefler talks with TheStreet about his red-hot stock price and outlook for the tech industry.
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Pegasystems (PEGA) - Get Report investors are having a great year. 

Shares of the tech hardware and services provider have skyrocketed 28% this year, dusting the 5% gain for the Nasdaq Composite I:IXIC . Pegasystems founder and CEO Alan Trefler tells TheStreet the market is rewarding the company for being in the right place, at the right now. For example, the company -- which Trefler founded in 1983 -- is a player in artificial intelligence that helps improve the workflow of businesses.

Trefler also discussed the need for tech companies to protect customer data and how cyber threats remain a real issue.