Houston, Texas – May 9, 2006 —  Achieving pricing excellence is one of the most important strategic initiatives of successful corporations.  PROS invites you to read our newsletter in order to learn about upcoming developments and events in the pricing space. 

PROS Announces the Roadmap to Pricing Excellence Seminar Series beginning in June 2006

PROS, a world leader in pricing and revenue optimization science and software, announces the seminar series entitled, “Roadmap to Pricing Excellence”.  This seminar series begins in June 2006 and enables pricing professionals to gain unbiased information on how to achieve pricing excellence within a corporation.  This highly-acclaimed seminar series, coming soon to a city near you, will provide you with the information you need to help make an informed decision about the pricing within your company.  For more information, please visit www.prospricing.com, call 713-335-5151, or E-mail info@prospricing.com  to register for this “Roadmap to Pricing Excellence” seminar series. 

PROS Announces Successful First Quarter 2006 Financial Results

PROS, a world leader in pricing and revenue optimization science and software, announced positive results for the first quarter ending March 31, 2006.  PROS extended its record of profitability and positive cash flow to 29 straight quarters; and experienced increased revenues, a strong balance sheet, record cash position, increased backlog, and no bank debt.

Major milestones during this first quarter include the following:

• Experienced record setting attendance at PROS 12th Annual Pricing Excellence Summit held on March 5-8, 2005, in Houston, Texas.  The event was comprised of two separate tracks:  a Pricing Excellence Summit and a Revenue Management Conference.  Over 470 people attended the combined event, making it PROS largest and most successful conference ever.
• PROS licensed solutions to new customers for Pricing Analytics, Price List Optimization, Contract Price Optimization and Advanced Revenue Management solutions.
• PROS took another step in tightening integration of its solutions with those from SAP AG (NYSE: SAP).  PROS Pricing Management version 4.0 has successfully completed “Powered by SAP NetWeaver®” integration, which expedites the cooperative development for PROS pricing software solutions interfacing with the SAP NetWeaver open integration and application platform.
• Implemented an aggressive hiring and training program while increasing headcount to 250+.
• Reported record First Quarter revenue and record cash position.

“PROS continues to set financial records for profitability and financial viability, thanks to our loyal customer base and strong, stable leadership in pricing solutions,” said Bert Winemiller, PROS Chief Executive Officer and Chairman of the Board.  “We remain a world leader in pricing analytics and profit optimization solutions because of our 20 year history in pricing.  PROS has a strong customer base including numerous Fortune 1000-size companies in 12 different industries.  PROS continues to be the largest, most profitable and viable software company in the pricing space. PROS is positioned well to capitalize on the emerging new category of Pricing Revenue Optimization,” stated Winemiller and furthermore, “PROS continues to have a strong proven track record, proven processes, and proven solutions.”

PROS Announces Record Setting Attendance at the 12th Annual PROS Pricing Excellence Summit

PROS, a world leader in pricing and revenue optimization science and software, today announced record setting attendance for their 12th PROS Pricing Excellence Summit held on March 5-8, 2006, in Houston, Texas.  The conference was comprised of two tracks, a Pricing Excellence Summit and a Revenue Management Conference.  The combined event totaled over 470 making it PROS’ largest and most successful conference ever. 

“The overwhelming success of this year’s event shows the continued momentum we are experiencing in this space,” said Jeff Robinson, Senior Group Vice President.  “It was exciting to see the number of executives interested in improving their pricing processes.  Overall, this year’s event attracted a diverse group of corporations and organizations representing over 25 industries.”

At this conference, executives and leading industry analysts provided keen insight into the importance that Pricing and Revenue Management plays in today’s business environment, as well as highlighted the future trends in Pricing Analytics and Optimization technology.

Topics of this year’s conference included the following:

• Pricing as a Strategic Capability
• 7 Steps of Strategic Pricing
• Using Price to Proactively Manage Your Markets
• Boosting Sales Performance with Pricing Management Software
• Aligning Your Enterprise by Managing Price
• How Pricing Lessons from the Travel Industry are Being Applied Across Many Industries
• Unleashing the Power of Pricing through Sales Force Transformation and Empowerment
• Case Study in Distribution: How Pricing Changed BlueLinx’s Business
• Case Study from the Hospitality Industry: The Integration of CRM Data into Pricing

PROS Chief Scientist Andrew Boyd Elected Chair of the INFORMS Revenue Management and Pricing Section

PROS, a world leader in pricing and revenue optimization science and software, announced today that Chief Scientist Andrew Boyd has been elected to serve as Chair of the Revenue Management and Pricing Section of INFORMS, the Institute for Operations Research and the Management Sciences. With a membership of approximately 11 thousand, over half of which are from universities, INFORMS is the premier organization in the United States dedicated to helping solve industry problems using mathematics.

“I’m honored to be elected,” said Boyd. “Academic research in revenue management and pricing is expanding at a phenomenal pace, receiving the attention of some of the brightest people out there.” At a recent INFORMS national meeting, a search on the words “price,” “pricing,” or “revenue management” in the title yielded a total of 320 presentations.

“PROS has always maintained a relationship with the academic community at large in an effort to deliver the very best science to our customers,” said Boyd. “During my tenure as Section Chair, I hope to substantially increase the Section’s membership and continue to get the word out to industry.  Most businesses haven’t really begun to look at all the options that can be done to improve their present pricing practices.”

PROS has been a long time supporter of the Revenue Management and Pricing Section; and in June of 2006 is once again a major financial sponsor of the Section’s annual meeting, which to date has been hosted by either Columbia University or MIT. “The meeting is an outstanding venue for academicians and industry scientists to share ideas,” said Boyd. “Overall, it’s on the mathematical end of the spectrum, but it’s always thought provoking.

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Corporate Communications
PROS
info@prospricing.com
713-335-5151