PROS News
PROS Announces Success of B2B Pricing Event in Shanghai, China
Leading Chinese manufacturers learn from PROS how to change
the way they view pricing
Shanghai, China – September 22, 2009 —PROS (NYSE: PRO), the world leader in pricing and revenue optimization science and software, today announced the success of the Shanghai stop on the PROS Global Price Optimization Leadership Seminar Series. Seminar keynote speakers Accenture (NYSE: ACN) and Microsoft (NasdaqGS: MSFT) focused on the tremendous opportunity for manufacturers in China and across Asia-Pacific to adopt advanced pricing strategies and price optimization software to remain competitive and profitable in an increasingly global manufacturing landscape.
In his presentation, Robert Rutledge, who leads Accenture’s Pricing & Profit Optimization practice in Asia-Pacific noted, “Manufacturers in China today face low-cost competition from places like India and Mexico and design and engineering competition from Japan and the west.” Mr. Rutledge continued, “In order for Chinese manufacturers to maintain their competitive edge, they will increasingly turn to more robust pricing strategies such as those supported by PROS’ industry-leading price optimization software tools.”
“Today PROS showed why we are the leader in price optimization software in China and across Asia-Pacific,” stated Andres Reiner, EVP, PROS. “PROS experience in Asia is unmatched because our pricing software considers the unique pricing needs of companies in China and throughout Asia to succeed in improving their pricing to truly world-class.”
Since 1988, PROS has been the vendor of choice for companies in Asia looking for the most powerful and easy to use software tools to identify margin improvement opportunities, set science-based pricing strategies, and execute pricing in the field to improve bottom line profitability. PROS has over 30 customers with in-production systems in more than 16 countries in Asia including China, Japan, Korea, Singapore, India, Australia, and others.
To follow PROS’ blog on B2B price optimization, including videos and commentary from Shanghai, please visit www.pricingleadership.com. For more information on PROS’ Pricing Leadership Seminars, webinars, or to request whitepapers and case studies, please visit www.prospricing.com or email your request to info@prospricing.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.
About Professional Pricing Society
Founded in 1984, the Professional Pricing Society (PPS) serves thousands of members, representing leading industries all over the world. The Society's mission is to nurture a growing community of professionals committed to disseminating pricing expertise throughout the business world. PPS is the only professional organization to offer a pricing certification program, and offers its Certified Pricing Professional (CPP) program via online and live event workshops. Publications distributed to members include an eight-page monthly newsletter and a 36-page quarterly journal. Further, the PPS website (www.pricingsociety.com) is a central resource for state-of-the-art pricing knowledge and hosts a job site where professionals can post or review new opportunities in the industry. PPS also maintains a blog at and a Pricing Group on LinkedIn.
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
