Houston, Texas – November
1, 2007 – Emerald Performance Materials today announced it has selected
the Pricing Analytics System developed by PROS, a world leader
in pricing and revenue optimization science and software for
manufacturing, distribution, services, hotel/cruise, and airlines.
Tom Holleran, Emerald CEO said, “Emerald produces a
broad range of products sold through multiple divisions into
diverse markets and applications to thousands of customers
around the world. Optimization of pricing practices across
the company is critically important to ensuring we receive
fair value for our products and services in every transaction.
We are partnering with PROS because they are a proven leader
in pricing science and a significant source of pricing best
practices and software tools.”
PROS Pricing Analytics Software stops price-based profit leaks
by finding the negative pocket margin customers and products. PROS
provides dynamic visibility into pricing performance; making
it possible to understand the relationship between price, volume,
and profit and ultimately identify margin improvement opportunities. These
tools have identified millions of dollars in improved operating
profit opportunities for PROS customers.
Jeff Robinson, PROS Senior Vice President, Pricing said, “We
are pleased to be a partner in achieving Pricing Excellence with
Emerald Performance Materials. We look forward to executing
on this strategic pricing initiative and helping Emerald to achieve
their revenue improvement goals.”
About Emerald Performance Materials
Emerald Performance Materials, LLC is a leading manufacturer
of chemical additives and polymers used in diverse consumer and industrial products
around the world. Our products play a variety of roles in the products that you
consume and use every day enabling them last longer, look, smell, taste or work
better. Emerald products are used in airplanes, food, beverages, cosmetics, toothpaste,
household products, paint, tires, automobiles, sports gear and many other applications. The
privately-held company, headquartered in Cuyahoga Falls, OH, has six operations
and over 600 employees.
To learn more about Emerald, please visit www.emeraldmaterials.com
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