Attendance More Than Doubles at PROS Pricing Executive Summit in Chicago

Practitioners lead discussion, share insights about “Journey to Pricing Excellence”

HOUSTON--(BUSINESS WIRE)--PROS (NYSE: PRO), the world leader in business-to-business pricing and margin optimization software, hosted another successful Pricing Executive Summit in Chicago which attracted pricing executives from global business-to-business manufacturing and distribution companies. Pricing executives from across the nation gained valuable insights from successful practitioners and industry experts at the PROS event.

“This event underscores continued interest in pricing excellence from manufacturing and distribution companies, with attendance at all of our summits, including the Chicago event, more than doubling over last year”

Participants took advantage of the opportunity to meet with their peers and industry experts whose presentations spoke to the summit theme, “Journey to Pricing Excellence,” with real world examples of how they are using pricing best practices to significantly improve profit margins in this challenging economic environment. A recurring theme was that the status quo of simply following traditional pricing practices was no longer acceptable.

“This event underscores continued interest in pricing excellence from manufacturing and distribution companies, with attendance at all of our summits, including the Chicago event, more than doubling over last year,” said Tim Girgenti, Chief Marketing Officer at PROS.

A roundtable of PROS customers responded to audience questions at the close of the summit. When asked why they selected PROS pricing software over other pricing vendors, one of the presenters, Aaron Haas, Director of Sales Operations at NewPage, North America’s largest producer of coated papers, responded simply, “The people.” Other presenters confirmed that it was the PROS people and PROS partnership approach that made the biggest difference. Presenters also assured participants that PROS was able to deliver “quick wins” in terms of measurable results within 30 days of implementation.

Experts emphasize urgency and value of leveraging new pricing strategies and technology

The Summit also featured pricing analyst and thought leader Michael Dunne, Vice President of Research for Gartner. Other presentations included industry experts and consultants from Deloitte Consulting LLP, Kalypso, Manchon and Company and the Professional Pricing Society.

Gartner’s Dunne told participants that it’s time to “recognize pricing as a key factor that exerts a decisive impact on customer relationships, revenue and margins.” He recommended companies with over half a billion in revenue to begin exploring opportunities to exploit pricing optimization and management software.

“Pricing excellence is clearly the new strategic priority for leading B2B companies,” said Bert Winemiller, Chairman and CEO at PROS. “As CEOs face unprecedented pressure to drive shareholder value, pricing best practices like those shared at our summit become incredibly valuable, and we’re thrilled to provide a venue for learning.”

About PROS

PROS Holdings, Inc. (NYSE: PRO) is a leading provider of pricing and margin 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 hundreds of simultaneous users and sub-second electronic transactions.

PROS provides professional services to configure its software products to meet the specific pricing needs of each customer. PROS has implemented over 300 solutions across a range of industries in more than 40 countries.

Founded in 1985, PROS is headquartered in Houston, Texas. Today, PROS has over 350 employees, more than 100 with advanced degrees and over 25 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 statements 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 is 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.