Houston, Texas – November
28, 2007 – PROS Holdings, Inc. (NYSE:
PRO), a leading provider of pricing and revenue optimization
software products for manufacturing, distribution, services,
hotel/cruise, and airlines, announces recent honors and
science leadership at the INFORMS annual operations research
meeting.
Dr. E. Andrew Boyd has been named a Fellow by The Institute
for Operations Research and the Management Sciences (INFORMS). INFORMS,
the largest professional society for operations research in
the world, reserves this honor for distinguished individuals
who have demonstrated exceptional accomplishments in operations
research and management sciences.
“As an industry practitioner this is a special honor,” stated
Dr. Boyd. “PROS has a long history of supporting
pricing science and research in areas including pricing optimization
and science-based segmentation, and PROS was a founding member
of the Revenue Management and Pricing Section of INFORMS. Because
of PROS’ longstanding commitment to the science of pricing,
I feel a special sense of pride in this achievement.”
PROS’ scientists served as chairs for sessions and
also presented at the INFORMS Annual Meeting in Seattle, Washington
on November 4-7, 2007. Papers presented included a broad
range of pricing optimization and science-based pricing issues
including the following given by PROS scientists:
- Dr. Andrew Boyd presented perspectives on the future of pricing
- Dr. Aihong Wen & Dr. Darius Walczak presented selected
topics in optimization
- Dr. lvette Arambula & Dr. Aaron Putnam presented selected
topics in integrated pricing and optimization
- Dr. Darius Walczak presented selected topics in a two competitor
game
- Dr. Anshu Jalora presented selected topics in pricing and
demand learning
PROS has 300+ employees with over 100 holding advanced degrees
including 22 with Ph.D.s, 17 of our Ph.D.s are focused on pricing
optimization, science-based segmentation, and other advanced
pricing science. PROS is a leader in practical scientific
approaches to solving the most complex B2B and B2C pricing
problems across multiple industries.
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 our software products, our customers gain insight
into their pricing strategies, identify detrimental pricing
practices, optimize their pricing decision-making and improve
their business processes and financial performance. PROS'
software products incorporate 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 hundreds of simultaneous users and sub-second electronic
transactions. PROS provides professional services to configure
our software products to meet the specific pricing needs
of each customer. 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