PROS Earns Placement on Constellation ShortList™ for Price Optimization Solutions
March 06 2018 - 8:00AM
Business Wire
PROS® (NYSE: PRO), a cloud software company powering the shift
to modern commerce, has again won placement as a leading price
optimization provider on the prestigious Constellation ShortList™
for price optimization solutions. Constellation awarded PROS the
distinction as one of nine “solutions to know.”
The PROS pricing platform enables companies to define and
implement price optimization strategies that are designed to
simultaneously enhance the buying experience, and drive sales and
margin growth.
“Price optimization solutions maximize revenue through science,
with artificial intelligence, machine learning, predictive
analytics and big data to craft a wide swathe of pricing options,”
said Constellation Research Founder and Principal Analyst R “Ray”
Wang. “The ShortList for Price Optimization combines both B2B and
B2C solutions, which we see converging and bringing lessons learned
to both markets as the commerce moves to people-to-people. It
requires that companies segment their customers, using a variety of
attributes and applying math to determine constraints in the
optimization process. We often see vendors – and their customers –
starting in one market and moving to another, which requires even
greater transparency and fluidity to compete.”
“In the digital era, the agility and velocity required to
respond to customers across every channel and platform means that
companies need a modern commerce strategy to compete and win,” said
PROS Chief Marketing Officer Celia Fleischaker. “Organizations are
looking to provide their customers with transparent pricing and
personalized offers, powered by artificial intelligence and machine
learning as the strategic enablers. It’s an honor to again be
included on the Constellation ShortList for Price Optimization. We
appreciate the role Constellation plays in illuminating the
technologies that enable buyers to make informed decisions for
their companies.”
Constellation considers the following as threshold criteria for
Price Optimization solutions:
- Support multiple pricing models
- Enable complex promotion rules
- Manage price lists
- Prescribe pricing segmentation
- Facilitate markdown scenarios
- Deliver dynamic pricing
- Provide advanced analytics
- Create pricing optimization models
- Collect competitive insights
To learn more, visit the PROS website or follow PROS on Twitter
at @PROS_Inc.
About Constellation Research
Constellation Research is an award-winning, Silicon Valley-based
strategic advisory and futurist research firm. Constellation’s
analysts serve as innovation advisors for leaders and Global 2000
organizations navigating the challenges of business-model
disruption and transformation. Unlike legacy analyst firms,
Constellation works closely with solution providers, partners, and
its Constellation Executive Network of innovative buy-side leaders,
C-suite executives and board of directors to lead the way in
disrupting technology and research coverage areas. The goal –
deliver to clients what they need to achieve valuable business
results.
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, profit realization and modern commerce 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, profit realization and modern commerce software and
its current expectations of the benefits of revenue, profit
realization and modern commerce 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, profit
realization and modern commerce 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, profit realization and modern commerce 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180306005346/en/
PROSYvonne Donaldson, 713.335.5310ydonaldson@pros.com
Pros (NYSE:PRO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Pros (NYSE:PRO)
Historical Stock Chart
From Apr 2023 to Apr 2024