Houston, Texas – August
20, 2007 – Outrigger
Enterprises Group today announced it has selected the PROS
Hotel Revenue Optimization System developed by PROS, a leader
in pricing and revenue optimization software, for its advanced
forecasting and optimization to help increase profits.
“After careful review of the revenue optimization solutions
available in the marketplace, Outrigger chose PROS for its
advanced forecasting and optimization capabilities," said
Elizabeth Cambra, Corporate Director of Revenue Optimization
for Outrigger Enterprises Group. "PROS Hotel Revenue Optimization
solution provides us with unique market level revenue management
insight allowing us to better manage our entire portfolio of
properties. In addition, PROS' capability to forecast at the
room type level will generate incremental revenue over other
solutions available in the marketplace.”
John Riddell, PROS Senior Vice President, Pricing Solutions,
said, “We are excited to partner with a prestigious hotel
company like Outrigger Enterprises, with their long tradition
of leadership in hospitality in Hawaii and the Pacific Rim. Outrigger
is clearly committed to pricing and revenue optimization excellence
and we are proud they have selected the PROS Hotel Revenue
Optimization System to help them achieve this goal.”
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 Outrigger Enterprises Group
Outrigger Enterprises Group is one of the largest and fastest-growing
hospitality services companies in the Pacific. A family-owned
company with more than 60 years of hospitality experience,
Outrigger operates a highly-successful, multi-branded line
of hotels, condominiums and vacation resort properties, including
Outrigger Hotels & Resorts, OHANA Hotels & Resorts,
Outrigger Condominium Collection and Embassy Suites-Waikiki
Beach Walk.* Outrigger Hospitality can been found in properties
owned and operated throughout the Pacific, including Hawaii,
Fiji, Tahiti, Guam, Australia and soon Bali and Palau. Outrigger
Enterprises also operates and develops hotel properties and
hospitality-related retail and real estate destinations for
partners in Hawaii, the Pacific, mainland USA, Australia
and Asia. More information is online at www.outrigger.com or www.outriggerenterprisesgroup.com.
*Embassy Suites is a registered trade mark of Hilton Hotels
Corporation.
Forward-looking Statements
This
press release contains forward-looking statements, including
statements about the functionality of the PROS products
and their ability to manage and forecast across an enterprise.
The forward-looking statement contained in this press release
are based upon PROS historical performance and its current
plans, estimates and expectations and are not a representation
that such plans, estimates or expectations will be achieved.
Factors that could cause actual results to differ materially
from those described herein include PROS ability to develop
new products and product enhancements with the required functionality
desired and PROS ability to implement and support successfully
its products to the expectations of its customers. Additional
information relating to the uncertainty affecting the PROS
business are contained in PROS filings with the Securities
and Exchange Commission. These forward-looking statements represent
PROS expectations as of the date of this press release. Subsequent
events may cause these expectations to change, and PROS disclaims
any obligations to update or alter these forward-looking statements
in the future, whether as a result of new information, future
events or otherwise.
###
Media Contacts:
PROS
Corporate Communications
(713) 335-5197
CorpComm@prospricing.com
Outrigger Enterprises Group
Nancy Daniels, APR
Public Relations Manager
(808) 921-6839
nancy.daniels@outrigger.com