PROS Receives “Positive” Rating in Leading Analyst Firm’s Price Optimization & Management MarketScope Report
Houston, Texas – August 13, 2009 — PROS (NYSE: PRO), the world leader in B2B pricing and revenue optimization science and software, today announced that it has received a “Positive” rating in Gartner’s 2009 MarketScope for Price Optimization and Management Software for B2B. PROS has the largest full-time staff and greatest total annual revenue in the industry, making PROS the clear leader in the pricing software space.
“Where many of our competitors have reduced full-time headcount over the last year, PROS remained consistently strong,” said Andres Reiner, EVP, PROS. “PROS has the advantage given our industry leading commitment to R&D at 25% of annual revenue, our proven ability to successfully deploy pricing software in N. America, Europe, and Asia, and the largest pricing science team in the industry. PROS is well positioned to capitalize on our track record as the only publicly traded and profitable pricing software company and leader in B2B manufacturing, distribution, and services price optimization.”
Gartner’s MarketScope notes that “The potential for this market is considerable because defining and defending optimal prices is a fundamental imperative for enterprises that are responsible for producing returns for stakeholders.”
The report goes on to say “price optimization and management software offer the promise of helping firms better identify shortcomings in pricing practices that erode revenue and margins, and more intelligently discern prices that target marketing will bear, as well as realize efficiencies in deploying, administering, and enforcing prices and pricing policies.”
PROS Pricing Solution Suite (PPSS) empowers B2B manufacturing, distribution, and services leaders to understand how pricing impacts profitability and act strategically to improve both margins and customer satisfaction. To follow PROS’ blog on B2B price optimization, please visit www.pricingleadership.com.
About PROS
PROS Holdings, Inc. is the leading provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. By using PROS software products, companies gain insight into their pricing strategies, identify pricing-based profit leaks, optimize their pricing decision making and improve their business processes and financial performance. PROS software products implement advanced pricing science, which includes operations research, forecasting and statistics. PROS high performance software architecture supports real-time high volume transaction processing and allows PROS to handle the processing and database requirements of the most sophisticated and largest customers, including customers with hundreds of simultaneous users and sub-second electronic transactions. PROS provides professional services to configure its software products to meet the specific pricing needs of each customer. PROS has implemented over 200 solutions across a range of industries in more than 40 countries.
Founded in 1985, PROS is headquartered in Houston, Texas. Today, PROS has over 350 employees, more than 100 with advanced degrees and over 25 with Ph.D.s. To learn more about PROS, please visit www.prospricing.com.
Forward-looking Statements
This press release contains forward-looking statements, including statements about the functionality of the PROS products and their ability to manage and forecast across an enterprise. The forward-looking statement contained in this press release are based upon PROS historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates or expectations will be achieved. Factors that could cause actual results to differ materially from those described herein include PROS ability to develop new products and product enhancements with the required functionality desired and PROS ability to implement and support successfully its products to the expectations of its customers. Additional information relating to the uncertainty affecting the PROS business are contained in PROS filings with the Securities and Exchange Commission. These forward-looking statements represent PROS expectations as of the date of this press release. Subsequent events may cause these expectations to change, and PROS disclaims any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise.
Media Contacts:
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