Mindtree announced a strategic alliance with Pegasystems to develop and optimize custom BPM solutions.

The solutions will be based on Pegasystems' build for change technology platform.

"Customers want a solution that leverages BPM platforms across multiple lines of business," said Paul Gottsegen, senior vice president, chief marketing & strategy officer at Mindtree.

Shares of the company declined Rs 10.75, or 0.77%, to settle at Rs 1,380.10. The total volume of shares traded was 6,934 at the BSE (Monday).