Houston, Texas – August 7, 2006 —   The successes pricing solutions have delivered are creating a buzz across many industries, from chemical companies to manufacturing to financial services.  As reported by the Yankee Group in June 2006, “financial viability ranked as one of the leading considerations when selecting a pricing vendor.”  PROS continues to be recognized as the leader in Pricing and Revenue Optimization and the most financially viable, most experienced provider of pricing solutions.

We are excited to share the latest achievements and information in the Pricing and Revenue Optimization space.  We hope to see you at the 2007 PROS Pricing Excellence Summit on April 22-25, 2007, in Houston, TX!

                                                                                   

Pre-registration Open for 2007 Pricing Excellence Summit

The 2007 PROS Pricing Excellence Summit will be held April 22-25, 2007, at the Intercontinental Hotel in Houston, Texas.  The annual Pricing Excellence Summit is an event focused on helping executives of Fortune 1000 companies increase profits through best practices in pricing strategies and processes.  Last year, more than 400 executives attended the annual event.

Pre-registration is now open, visit www.prospricing.com or email info@prospricing.com

 

PROS Announces Strong Second Quarter and First Half 2006 Financial Results

PROS announced strong results for the second quarter ending June 30, 2006.  PROS extended its record of profitability and positive cash flow to 30 straight quarters; and experienced increased revenues, a strong balance sheet, record cash position, increased backlog and no bank debt.  Major milestones to date include the following:

• Record Second Quarter and First Half Revenue and Record Cash with no debt.
• Celebrated PROS’ 20th anniversary by recognizing the substantial number of professional staff with over 10 years of PROS experience.
• Over 470 people attended the PROS 12th Annual Pricing Excellence and Revenue Management conference, making it PROS largest and most successful conference ever.  The event comprised of two separate tracks:  a Pricing Excellence Summit and a Revenue Management Conference.  The next conference will be held on April 22-25, 2007, in Houston, TX.

• New deals closed include solutions for Pricing Analytics, Price List Optimization, Deal Manager, Pricing Manager and Hospitality Revenue Optimization.  Pricing solution implementations include both global and domestic customers. 
• 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.
• Successfully released the Leased Property Pricing System which provides optimal prices for new leases, renewal leases and unit amenities.
• Launched the Product Optimization Solution as part of the PROS Pricing Solution Suite; this solution provides optimal product mix to maximize revenue and profit. 
• Major investment in new science, new software development and new consulting services.  Major releases each quarter for each product.
• A 100% customer retention rate; PROS Client Care provides high quality services to support a large install base of solutions worldwide.  PROS also offers superior customer-based training, pricing audits and user councils.
• Launched the PROS Pricing Webinar Series, which provides information on the value of pricing and grants insight on the ways to achieve pricing excellence within a corporation.
• PROS Chief Scientist Andrew Boyd Elected Chair of the INFORMS Revenue Management and Pricing Section.
• Record headcount with over 250 employees; the employee profile is typically a technical undergraduate degree with a GPA of at least 3.5 and an advanced graduate degree. 

 

PROS Announces Successful Release of Leased Property Pricing System

PROS’ continued success has most recently impacted the commercial property and apartment leasing industry.  PROS announced the release of the Leased Property Pricing System that delivers optimal price recommendations to the commercial property and apartment leasing industry.  PROS Leased Property Pricing System incorporates the most powerful and advanced optimization and forecasting methodologies available, and has the following functionalities:

• Provides optimal prices for new leases, renewal leases, and unit amenities
• Allows independent forecast of demand and supply at the floor plan, length of lease, and lease start month levels
• Performs drill-down analysis on custom metrics at various levels of aggregation and detail
• Provides revenue lift of 6%-12%, and is available as either centralized or hosted configurations
• Incorporates proven high performance, highly scalable architecture on thin customer platform
• Contains decision support analytics that enable management by exception through dashboards, configurable alerts, simple what-if analysis, and real-time request optimization.

 

PROS Announces the Product Optimization Solution as Part of the PROS Pricing Solutions Suite

The Product Optimization Solution joins the PROS Pricing Solution Suite and adds an important component to the existing Pricing Analytics, Deal Manager and Pricing Manager solutions.

The PROS Product Optimization solution provides optimal product mix to maximize revenue and profit.  The major features include the following:

• Identify the optimal product mix to maximize revenue.
• Identify the optimal product mix to maximize profit.
• Enables companies to improve product mix taking into account product demand and demand relationships between products. 
• Product Mapping of SKU’s to products and categories.
• Improves the analysis of the product mix at different levels of aggregation.  You can interpret the performance of a category, product or SKU within the context of the product mix.
• Advanced Analytics to measure the performance of SKU’s, products and categories.
• Product Lifecycles
• Growth Opportunities
• Pruning Candidates
• Identify the Cross Elasticities of SKU’s
• Complementary SKU’s
• Cannibalistic SKU’s
• Replacement SKU’s
• What If Analysis
• Product Testing

“PROS Product Optimization Solution strengthens our long-term customer partnerships and fills a critical need for them to achieve Pricing Excellence,” said Jeff Robinson, Senior Vice President of PROS Pricing Solutions.

 

 

PROS Sponsors 19th Annual PriceX Conference

PROS sponsored the 19th Annual PriceX conference held on June 20-21 in Huntington Beach, California.  At this conference, PROS conducted two speaking engagements.  Jeff Robinson, Senior Vice President, presented “Salespeople Holding Profit Dollars Hostage?  Help Your Sales Force Make You More Money.”  This presentation featured a case study of how a PROS’ customer, a Fortune 500 Distribution Company, improved both its profit performance and its relationships with customers by implementing tools and processes that changed how sales people interact with customers.  Diana Massaro, Group Vice President of Pricing Solutions, also delivered a presentation on “How Customer Contracts Can Get In the Way Of Your Profits and What You Can Do About It”.  In this presentation, she provided insight into when to use each type of contract, and also outlined strategies for making contracts work optimally within a business.

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