PROS News
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. (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.
MarketScope Disclaimer
The MarketScope is copyrighted 2009 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. The MarketScope for Price Optimization and Management Software for B2B report was published on July 31, 2009 and was co-authored by Michael Dunne and Robert P. DeSisto.
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Media Contacts:
PROS
Corporate Communications
(713) 335-5197
CorpComm@prospricing.com
