PROS Named to Constellation ShortList™ for Price Optimization for Fifth Consecutive Year

Rhea-AI Summary

PROS (NYSE: PRO) has been recognized in the Constellation ShortList™ for Price Optimization for Q1 2022, marking the fifth consecutive year of this validation. The company's AI-powered Smart Price Optimization and Management solution allows businesses to optimize billions of prices in real-time, adapting to market dynamics such as inflation and supply chain disruptions. PROS offers a unified SaaS Platform tailored for digital selling transformations, enhancing enterprises' pricing strategies to boost sales and margins.

Positive

• Fifth consecutive year on Constellation ShortList for Price Optimization.
• Smart Price Optimization and Management enables optimization of billions of unique prices in real-time.
• Offers solutions addressing market dynamics like inflation and supply chain issues.

Negative

• Risks associated with developing and enhancing products to meet market needs.
• Complex implementation and maintenance of SaaS solutions may hinder user adoption.

PROS Price Optimization solutions are an ideal fit for organizations pursuing digital selling transformation

HOUSTON--(BUSINESS WIRE)-- PROS® (NYSE: PRO), a market-leading provider of SaaS solutions optimizing shopping and selling experiences, today announced it was named to the Constellation ShortList™ for Price Optimization in Q1 2022, marking the fifth year of consecutive ShortList validation for PROS and its ability to deliver on critical digital selling transformation requirements for early adopter and fast follower organizations.

PROS Smart Price Optimization and Management enables businesses to optimize up to billions of unique prices in real-time to meet the complex conditions of each buying interaction. By taking into consideration each customer account status, available products, market conditions and purchasing channel, PROS AI-powered pricing solutions deliver a market-relevant price every time, while ensuring a harmonized pricing strategy designed to achieve sales and margin growth.

“Today’s rapidly changing market conditions demand that businesses respond with speed and agility to deliver market-relevant pricing across all channels in real-time to improve margin and profitability,” said PROS Vice President of Product and Solution Marketing Nadine Pyter. “PROS Smart Price Optimization and Management provides businesses with complete visibility into market dynamics—such as inflation, supply chain disruptions, changing inventory levels, and shifting customer demand—and the tools they need to simplify and execute price adjustments at the speed of their business. We are honored to be recognized by Constellation Research for our superior ability to meet these market demands.”

“The business model shift to digital channels requires enterprise class pricing optimization solutions,” said R “Ray” Wang, chairman and founder at Constellation Research. “Prospects and clients choose PROS proven AI-powered price optimization for ease of use, regulatory compliance, scalability within the PROS Platform and the ability to support multiple pricing models, including negotiated and non-negotiated ecommerce pricing.”

PROS Smart Price Optimization and Management is part of the PROS Platform, a unified SaaS Platform that enables business leaders to implement a harmonized omnichannel selling experience that sits at the center of every customer offer—the intersection of product, price and place—providing buyers with fast, personalized offers that make every transaction more profitable.

Constellation Research advises leaders on leveraging disruptive technologies to achieve business model transformation and streamline business processes.

For more information, visit pros.com.

About PROS

PROS Holdings, Inc. (NYSE: PRO) is a market-leading provider of SaaS solutions that optimize shopping and selling experiences. Built on the PROS Platform, these intelligent solutions leverage business AI, intuitive user experiences and process automation to deliver frictionless, personalized purchasing experiences designed to meet the real-time demands of today’s B2B and B2C omnichannel shoppers, regardless of industry. To learn more, visit www.pros.com.

Forward-looking Statements

This press release contains forward-looking statements, including statements about the functionality and benefits of SaaS shopping and selling optimization solutions 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 AI-powered solutions and its current expectations of the benefits of SaaS shopping and selling optimization solutions 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 SaaS shopping and selling optimization solution 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 SaaS shopping and selling optimization solutions 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.

Disclaimer

Constellation Research does not endorse any solution or service named in its research.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220210005302/en/

Amy Williams

awilliams@pros.com

713.335.5978

Source: PROS

FAQ

What recent recognition did PRO (NYSE: PRO) receive for its pricing solutions?

PRO has been named to the Constellation ShortList™ for Price Optimization for Q1 2022, marking the fifth consecutive year.

How does PRO's Smart Price Optimization and Management benefit businesses?

It allows businesses to optimize billions of unique prices in real-time, considering various market dynamics.

What challenges does PRO face in its SaaS offerings?

Challenges include risks in product development and the complexity of implementing and maintaining SaaS solutions.