Houston, Texas – July 27, 2007 – PROS
Holdings, Inc. (NYSE: PRO), a leader in pricing and revenue
optimization software, today announced that two new independent
directors, Timothy V. Williams and Greg B. Petersen, have been
appointed to the Company's Board of Directors. With the addition
of these directors, PROS’ Board has been expanded to
seven directors, three of whom are independent.
"We are pleased to welcome these directors to PROS’ Board," said
Bert Winemiller, Chairman of the PROS Board of Directors. "Tim and Greg’s
experience as software company executives, including their leadership of public
company finance organizations, will add significant value to the PROS Board
of Directors and to our stockholders in their role as independent directors."
Biography of Timothy V. Williams
Mr. Williams serves as Senior Vice President and Chief
Financial Officer of Blackbaud, a provider of software and
services to non-profit organizations, and has held this role
since 2001. From 1994 to 2001, he served as Executive Vice
President and Chief Financial Officer of Mynd (now a subsidiary
of Computer Sciences Corporation), a provider of software and
services to the insurance industry. Prior to that, Mr. Williams
worked at Holiday Inn, most recently as Executive Vice President
and Chief Financial Officer. Mr. Williams holds a BA from
the University of Northern Iowa.
Biography of Greg B. Petersen
Mr. Petersen is currently a private investor. Previously, Mr. Petersen
served as Executive Vice President from 2005 to January 2007
and as Senior Vice President and Chief Financial Officer from
2001 to 2005 of Activant Solutions, a provider of business
management solutions to retail and wholesale distribution businesses.
From 2000 until 2001, Mr. Petersen served as Vice
President of Finance of Trilogy Software, a provider of enterprise
software and business services, and as its Treasurer from 1999
until 2000. From 1997 to 1999, Mr. Petersen
was Senior Vice President of Planning and Business Development
of RailTex, a shortline and regional rail service provider.
From 1989 to 1997, Mr. Petersen held various finance
and strategy positions at American Airlines, most recently
as managing director of corporate development. Mr. Petersen
holds a BA in economics from Boston College and an MBA
from the Fuqua School of Business at Duke University.
About PROS Holdings, Inc.
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.
Forward-looking Statements
These forward-looking statements, which are subject to risks,
uncertainties and assumptions about us, include, among other
things, our anticipation that our new directors will add
significant value to our Board of Directors and to our stockholders
in their role as independent directors. These statements
are only predictions based on our current expectations and
projections about future events. Although we believe the
expectations reflected in the forward-looking statements
are reasonable, we cannot guarantee future contributions
to be made by these directors. Because these forward-looking
statements involve risks and uncertainties, there are important
factors that could cause our expectations to differ materially
from those expressed or implied by the forward- looking statements. PROS
Holdings, Inc. disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.
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Media Relations:
PROS Corporate Communications
CorpComm@prospricing.com
(713) 335-5197
Investor Relations:
PROS Holdings, Inc.
IR@prospricing.com
(713) 335-5879
