Houston, Texas – October
26, 2007 – PROS, a world leader in pricing and revenue optimization science
and software for manufacturing, distribution, services, hotel/cruise,
and airlines announced today the successful implementation
of PROS Revenue Management Suite enhancements for airlines
operating the new Airbus A380.
“PROS congratulates Singapore Airlines on its inaugural
Airbus A380 flight from Singapore to Sydney,” stated
Surain Adyanthaya, PROS Senior Vice President. “As
a long-term Singapore Airlines partner, since 1995, PROS is
committed to supporting Singapore Airlines and all international
airlines that plan to operate the new Airbus A380. Of
the 13 airlines with firm orders for the Airbus A380, 10 of
these carriers are PROS customers. “
The typical PROS customer who is scheduled to operate the
A380 has over 60% of its revenue in B2B transactions. Airlines
have the most complex and process intensive B2B pricing challenges. They
have large B2B sales forces that have pricing and negotiation
autonomy for commercial contracts. These contracts include
pricing, product, and volume terms and often Most Favored Nation
clauses. In addition, airlines have multiple distribution
channels that create intense channel conflict including sales
agents and sales representatives with pricing power as well
as OEM pricing. Airlines have the complexities of supply
constraints, significantly different supply costs, near infinite
product combinations, bundled products, short product life
cycles, product obsolescence, promotional pricing, and volume
rebates.
Airline B2C pricing is dominated by electronic transactions
that require high-performance technology that delivers optimized
prices in a 200-300 millisecond window for millions of transactions
everyday.
“Airlines are the most advanced users of science-based
pricing optimization, stated Bert Winemiller,” PROS Chairman
and CEO. “It is because PROS continues to provide
innovative Pricing and Revenue Optimization software products
to the airline industry, as well as Fortune 2000® leaders
in manufacturing, distribution, and services, that PROS will
remain the preferred partner for Pricing Excellence.”
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