Houston, Texas – May 20, 2008 — PROS,
a world leader in pricing and revenue optimization science
and software, today affirms key conclusions presented in the
May 16, 2008 AMR Research Alert Article, “PROS Conference
Reaffirms Strength of Pricing Application Market.”
Some of the key takeaways from this report include:
- The down economy is a potential boon for price optimization
tools and services
- The need for science-based pricing is a requirement in
uncertain financial times
- PROS offers price optimization as a Microsoft Office Business
Application
Pricing optimization projects implemented
with real-time integrated science and a highly scalable product
platform offer the greatest opportunity for profit improvement
and a powerful return on investment.
“One industrial manufacturer puts it like this: if the
choice is between a pricing tool that can help demonstrate
profitability to stakeholders or a multiyear ERP application
with difficult-to-demonstrate, near-term ROI, the chances are
executives will go for the pricing tool. At that manufacturer,
price optimization was recently chosen as the top project to
invest in by functional areas, including sales, marketing,
and IT.” Source: Noha Tohamy, AMR Research, “PROS
Conference Reaffirms Strength of Pricing Application Market.”
PROS price optimization software provides strategic innovation
and risk mitigation in a challenging environment. “The
natural reaction in a downturn is to retreat, cancel new initiatives,
and go back to basics,” notes PROS President, Pricing
Division, Jeff Robinson. “However, companies that focus
on price optimization projects in this environment will be
better positioned to remain profitable industry leaders as
competitive opportunities arise and economics conditions improve.”
Innovative industry leaders choose PROS for best-of-breed
science-based software products. “These tools must be
able to conduct accurate customer and product segmentation
while analyzing probability and the upside of customer retention
as well as the cost to serve,” continues Noha Tohamy. “This
is the only way for sales people to determine if transactions
enhance the company’s overall profitability and its ability
to achieve business goals.”
In addition, tighter coupling of PROS’ Pricing Solutions
Suite with Office Business Applications (OBAs), including Microsoft
Office and Microsoft SharePoint provide an even more streamlined
process. The largest consumers of price optimization data are
sales executives. This added familiarity promises to offer
even higher levels of adoption and ROI from an investment in
pricing optimization software.
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.
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