PROS News
MSC Industrial Direct Selects PROS Industry Leading Price Optimization Software for B2B Industrial Distributors to Improve Margins
Houston, Texas – August 11, 2009 — MSC Industrial Direct Co. Inc, one of the nation’s largest providers of industrial supplies and equipment, has selected PROS, the world leader in pricing and revenue optimization science and software, for an enterprise-wide deployment of PROS’ Price Optimization Software. MSC’s deployment across their 96 branch network includes PROS Scientific Segmentation, PROS Pricing Guidance, PROS Scientific Analytics, PROS Price Optimizer, and PROS Deal Optimizer.
“After an extensive review of all pricing software tools, PROS was selected based on their ease of use, demonstrated speed and success of their implementations, and strong financial track record,” said Charlie Bonomo, CIO, MSC Industrial Direct. “PROS is the best solution for MSC because PROS could meet our current and long-term needs based on their frequent product releases, ease of upgrade, and the industry’s largest commitment to pricing technology R&D which will deliver improved margins at MSC for many years to come.”
PROS will provide MSC sales reps with the ability to offer the right products at the right prices to maximize market share and profitability while increasing customer satisfaction. Industry leading distributors like MSC leverage PROS’ scalable software and integrated pricing science to increase visibility into profit improvement opportunities, set and enforce optimized pricing strategies, and quickly turn around contract and deal proposals to win more profitable business.
"Partnering with MSC reinforces PROS’ position as the leading price optimization software products company for innovative B2B distribution companies, and it provides another example where a company has looked to us to upgrade from a competitor system to PROS,” said Andres Reiner, EVP, PROS. “We are proud to be working with MSC, a leader in B2B industrial distribution, and we look forward to a successful long-term partnership.”
About MSC Industrial Direct
MSC Industrial Direct is one of the premier distributors of Metalworking and Maintenance, Repair and Operation (MRO) supplies to industrial customers throughout the United States. MSC distributes in excess of 500,000 industrial products from more than 2,100 suppliers to approximately 348,000 customers. In-stock availability is approximately 99%, with next day, standard ground delivery to the majority of the industrial United States. MSC reaches its customers through a combination of over 30 million direct-mail catalogs and CD-ROMs, approximately 95 branch sales offices, 780 sales people, the Internet and associations with some of the world's most prominent B2B e-commerce portals.
About PROS
PROS Holdings, Inc. (NYSE:PRO) is a leading provider of pricing and margin
optimization software products, specializing in price analytics, price
execution and price optimization. By using our software products, our customers
gain insight into their pricing strategies, identify detrimental pricing
practices, optimize their pricing decision-making and improve their business
processes and financial performance. PROS' software products incorporate
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
our 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 25 with Ph.D.s.
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.
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Media Contacts:
PROS
Corporate Communications
(713) 335-5197
CorpComm@prospricing.com
