Houston, Texas – August 24, 2007 – PROS
Holdings, Inc. (NYSE: PRO), a leader in pricing and revenue
optimization software, was recently featured on the front page
of the Houston Chronicle’s Business section. The article
highlights the Dollar Thrifty Auto Group and the dramatic ROI
achieved by implementing PROS pricing and revenue optimization
products.
PROS solves the most complex and processing intensive B2B
and B2C pricing problems including customers with 100s of simultaneous
users and sub-second electronic transactions. PROS provides
unique real-time optimized prices for 100 million individual
transactions per day. PROS has Blue-chip customers in each
of our five verticals; manufacturing, distribution, services,
hotel/cruise, airlines.
Excerpts from the recent article:
For a global rental car company that spends $700 million
on vehicles each year, the difference between buying almost
the right mix vehicles and exactly the right mix can be tens
of millions of dollars. So Dollar Thrifty Automotive Group
turned to Houston's PROS Holdings and the company's pricing
and revenue optimization software to figure out which cars
to put where. And, by crunching data, the software does a better
job than the Dollar Thrifty's employees can do based on their
experience and intuition.
"With human judgment, maybe we got it about 90 percent
right," said Stewart Brown, Dollar Thrifty's vice president
of revenue management. "This system gets us closer to
100 percent." That 10-percentage-point swing pencils out
to about $70 million. PROS software isn't cheap, but it's worth
it, Brown said.
For Dollar Thrifty, PROS software analyzes thousands of transactions
worth of data to figure out where to put which cars when.
Where PROS is most impressive — and outshines its competition — said
Brown, the Dollar Thrifty vice president, is that its expertise
extends to the entire business instead of stopping at plugging
numbers into the software and pushing a button.
"They crossed over some issues we hadn't even thought
of," Brown said. "It actually should improve our
customer service because we'll have more of the cars that people
want at the right locations."
…Opportunities are growing in the pricing management
software business, said John Hagerty, an analyst at AMR Research,
which last year estimated the value of the market for all the
companies in this business at $348 million in 2007 and growing
to $1.1 billion in 2010. "A lot of people haven't discovered
it yet," he said.
PROS was recently listed on the New York Stock Exchange. “PROS
is a leader in the emerging high-growth pricing and revenue
optimization market. Achieving a listing on the NYSE is the
result of the hard work and dedication of our 300+ employees
who are smart people doing great things to bring high-value
Pricing and Revenue Optimization software solutions to our
customers,” states Ron Woestemeyer, PROS Executive Vice
President and Co-founder.
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.
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.
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Media Contacts:
PROS
Corporate Communications
(713) 335-5197
CorpComm@prospricing.com