PROS Extends Innovation Leadership in Modern Commerce with CognitiveScale Alliance
May 11 2017 - 4:05PM
Business Wire
Cognitive computing, intelligent user
engagement will provide next-generation personalization
PROS (NYSE: PRO), a cloud software company powering the shift to
modern commerce, today announced an alliance with CognitiveScale, a
provider of industry-specific augmented intelligence software. PROS
will partner with CognitiveScale to leverage cognitive cloud
technologies to enhance the value of PROS solutions across its
portfolio.
PROS applies data science and artificial intelligence to solve
complex business problems, training its algorithms with
best-practices data from real-world implementations. CognitiveScale
will augment PROS rich data and science with AI software inputs to
help end users with highly personalized, intelligent, contextual
and evidence-based insights and recommendations. Designed on
CognitiveScale’s open and extensible platform, and populated with
knowledge graphs, data sources and trained models, the integrated
solution will provide users with the right advice, at the right
time and with the right evidence.
“Companies are entering a new era of digital business with
buying experiences that are forever changed,” said PROS Chief
Technology Officer Rob Reiner. “Cognitive algorithms and machine
learning will enable competitive enterprises to create frictionless
and personalized buying experiences across every customer channel.
The personalized experiences of today will become the
individualized, segment-of-one experiences of tomorrow, as
cognitive algorithms and machine learning galvanize what customers
expect from their purchasing experiences.”
“We are bringing scalable, practical artificial intelligence to
the enterprise that pairs man and machine with intelligent user
engagement and business processes,” said CognitiveScale CEO Akshay
Sabhikhi. “Our software is industry optimized and compliant, and
can support the most demanding enterprise workloads. PROS is at the
forefront of the modern commerce experience, enabling companies to
personalize the selling experience with speed, precision and
consistency across its sales channels. We look forward to enriching
these engagements with inputs that deliver even richer contextual
insights.”
To learn more about PROS, visit the website or follow PROS on
Twitter at @PROS_Inc.
About CognitiveScale
CognitiveScale builds augmented intelligence software for
financial services, healthcare, and commerce markets. The company’s
products, ENGAGE and AMPLIFY are built on its open and extensible
AI foundation, CORTEX. Our products help businesses use AI to
transform user engagement, improve decision-making, and deliver
self-learning and self-assuring business processes in a risk
mitigated manner.
The company has successfully deployed its enterprise-grade
software with multiple Global 500 companies using its unique
10-10-10 method that helps businesses model their first cognitive
system in 10 hours, customize it using their own data in 10 days,
and go live within 10 weeks.
CognitiveScale has offices in Austin, New York, London and
Hyderabad. Investors include Norwest Venture Partners, Intel
Capital, IBM Watson, and Microsoft Ventures. For more information
visit cognitivescale.com.
About PROS
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.
Forward-looking Statements
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170511006172/en/
Media:PROSYvonne Donaldson,
713-335-5310ydonaldson@pros.comorCognitiveScaleLeigh Ann Schmidt,
203-942-9594lschmidt@cognitivescale.com
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