Houston,
Texas -- February
14, 2007 -- PROS, the world’s leader
in pricing and revenue optimization science and software,
announced strong positive results for the year ending December
31, 2006. PROS extended its record of profitability to
8 consecutive years of profitability and ended 2006 with
record revenues, a strong balance sheet, record backlog,
and no bank debt.
“PROS set financial records in 2006,
thanks to our loyal customers and our strong, stable leadership
in the industry," stated Bert Winemiller, Chairman and
CEO. “We continue to be the leading provider of revenue
optimization to the travel and transportation industry. PROS'
customer base is increasing, as we accelerate our investment
in advanced science and high performance scalable solutions.”
Financial Highlights:
- Revenues increased 31% YOY to a record $46 million.
- Record of profitability extended to 8 consecutive years.
- Continued investment in new science, new software development
and new consulting services. The company has not capitalized
any software development costs to date.
- PriceWaterhouseCoopers audit completed with an unqualified
opinion.
- PROS continues to be recognized as the leader in the
Pricing and Revenue Optimization space by the analyst community.
PROS is the only vendor that meets all the vendor viability
criteria established by third party analysts.
- Headcount increased 25% YOY to a record 300 employees.
- Strong balance sheet with no bank debt.
Winemiller concluded, “PROS’ proven
track record, proven processes, and proven solutions are the
cornerstones of our success that have allowed us to attain
the highest levels of customer satisfaction and financial strength.”
Major 2006 Milestones:
- New software contracts include solutions for Advanced
Revenue Management, Price List Optimization, Contract Price
Optimization, Deal Manager, Pricing Manager, Hospitality
Revenue Optimization and Pricing Analytics.
- Over 470 people attended the 12th Annual PROS Revenue
Management Conference, making it PROS’ largest and
most successful conference ever. The event comprised two
separate tracks - a Revenue Management Conference and a
Pricing Excellence Summit. This year’s conference
will be held on April 22-25, 2007, at The Intercontinental
Hotel in Houston, TX.
- Celebrated PROS’ 20th anniversary by recognizing
the substantial number of professional staff with over
10 years of PROS experience.
- A special edition of the Journal of Pricing and Revenue
Management was published composed wholly of papers authored
by PROS employees. The Journal of Revenue & Pricing
Management serves and reflects the tremendous growth in
research and practices of revenue management and pricing.
- 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
training, pricing audits, and user councils.
- Best practice release management with releases each quarter
for each product.
- Improved customer satisfaction by launching a new customer
support organization with increased staff. The PROS SupportWeb
allows customers easily to submit, view, and update their
PROS Product Support incidents.
- Product User Council sessions were held. These Councils
provide a forum that allows users and managers alike to
share knowledge and experiences, stay abreast of RM practices,
and review updates to the PROS product roadmap.
- PROS Chief Scientist Andrew Boyd elected Chair of the
INFORMS Revenue Management and Pricing Section.
“Effective RM solutions are one of your
most powerful tools to increase your revenues and maximize
profitability. The overwhelming success of The 12th Annual
PROS Revenue Management Conference is a testament to the continued
evolution we are leading in the industry. It was exciting to
see the number of executives participating in the current trends
in RM. Executives return year after year to our conference,” said
Benson Yuen, PROS Airline Group President.
About PROS
PROS Holdings, Inc. (NYSE: PRO) is a leading
provider of pricing and revenue optimization software products,
specializing in price analytics, price execution and price
optimization. By using PROS' software products, companies gain
insight into their pricing strategies, identify pricing-based
profit leaks, optimize their pricing decision making and improve
their business processes and financial performance. PROS' software
products implement 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 100s of simultaneous users
and sub-second electronic transactions. PROS also provides
a range of services that include analyzing a company's current
pricing processes and implementing software products to improve
pricing performance. 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 300 employees, more than
100 with advanced degrees and 20 with Ph.D.s. To learn more
about PROS, please visit www.prospricing.com.
PROS
Corporate Communications
email: info@prospricing
phone:
713.335.5151 / fax: 713.335.8144
