Houston, Texas – July 30, 2007 – PROS
Holdings, Inc. (NYSE: PRO), a leader in pricing and revenue
optimization software, and Advanous, a provider of pricing
and margin management solutions exclusively for the distribution
industry, today announced a partnership to offer a more comprehensive
solution set to improve margins and revenue growth for distributors. PROS
and Advanous already serve many of the distribution customers
that have implemented third party pricing software. The
new PROS-Advanous partnership will focus on offering added
value to distributors, regardless of size or infrastructure,
by delivering industry pricing best practices in software as
well as thought leadership based on their experience gained
across multiple segments of the distribution industry.
“PROS and Advanous have a wealth of
experience in the distribution space,” stated Jeff Robinson,
PROS Senior Vice President of Pricing Solutions. “Pricing
is a major area of profit leverage within distribution companies:
margin improvements can translate to huge returns. This partnership
will allow us to leverage our combined experience to deliver
best-in-class pricing solutions.”
“Distribution is an industry which,
in our opinion, has been largely underserved from a pricing
standpoint,” added Erik Bleyl, CEO of Advanous. “Many
vendors do not fully comprehend the complexities and unique
pricing challenges that distributors face. PROS and Advanous
understand these distributor challenges, having successfully
implemented many effective pricing solutions. We are excited
to partner with PROS to help distributors capture prices that
truly reflect the value they provide to their customers.”
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.
About Advanous
Advanous, (www.advanous.com)
a division of EnterBridge® Technologies, Inc., helps distributors
generate higher profits through more effective margin management.
Advanous clients report increased profits through Point to
Profit™, a margin-enhancement service that combines technology,
analytics and industry expertise to increase margin performance.
Founded in 1999 and based in Richmond, VA
Advanous is currently serving leading Fortune 1000 and other
large and mid-sized distributors across markets including medical,
electrical, food, industrial, paper, plumbing/HVAC and office
supplies. Advanous is the author of Price for Success, a leading
book on distribution pricing practices published by the NAW
Institute for Research Studies.
Media Contacts:
PROS
Corporate Communications
CorpComm@prospricing.com
(713) 335-5197
Advanous
Steve Werrlein
steve.werrlein@advanous.com
(703) 532-7142