HOUSTON--(BUSINESS WIRE)--PROS® (NYSE: PRO), a cloud software company powering the shift to modern commerce, today announced that Darius Walczak, Ph.D., a Principal Research Scientist on the company’s Science and Research team, will deliver a revenue management research presentation at the Third Workshop on Marketplace Innovation. Scheduled for June 1-2, the conference will be held at Stanford University in Stanford, Calif. The conference will examine a host of market variables such as pricing, visibility and terms of trade, and the complexities companies face in dealing with new modeling and theory to drive revenue.
Walczak will deliver a poster presentation titled “Dynamic Pricing Game with a Loyal Demand Component.” He will analyze a market model where two carriers compete for price-sensitive customers and provide insights into how market equilibrium is affected when some of the customers are loyal to each carrier.
“The move to modern commerce strategies is creating a dramatic shift in how companies do business,” said PROS Senior Vice President of Science and User Experience Jeff Robinson. “At PROS, our customers look to us for our decades of market experience, which we combine with advances in cognitive computing and machine learning. We help companies profitably price and sell their products and services with speed, precision and consistency, powered by next-generation dynamic pricing. We are honored that Darius Walczak will present next-generation revenue management research at this prestigious industry event.”
PROS Holdings, Inc. (NYSE: PRO) is a cloud software company powering the shift to modern commerce by helping companies create personalized and frictionless buying experiences for their customers. Fueled by dynamic pricing science and machine learning, PROS solutions make it possible for companies to price, configure and sell their products and services in an omnichannel environment with speed, precision and consistency. Our customers, who are leaders in their markets, benefit from decades of data science expertise infused into our industry solutions. To learn more, visit pros.com.
This press release contains forward-looking statements, including statements about the functionality and benefits of revenue and profit realization software to organizations generally as well as the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS historical experience with revenue and profit realization software and its current expectations of the benefits of revenue and profit realization software for organizations that implement and utilize such software. Factors that could cause actual results to differ materially from those described herein include the addressability of an organization’s revenue and profit realization software needs, the risks associated with PROS developing and enhancing products with the functionality necessary to deliver the stated results and the risks associated with the complex implementation and maintenance of revenue and profit realization software such as PROS software products. 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.