PROS Holdings, Inc. (ticker: PRO, exchange: New York Stock Exchange (.N))
News Release -
PROS Selected for New Software Architecture Initiative in the
Chemical IndustryNew Microsoft Chemical Reference Architecture Will Help Customers
Implement Unified Architecture for Prescriptive Pricing
HOUSTON, Sep 21, 2011 (BUSINESS WIRE) --
PROS (NYSE: PRO), the world leader in pricing and revenue management
software, today announced its participation in the Microsoft Chemical
Reference Architecture (ChemRA) Initiative. The ChemRA Initiative is led
by Microsoft and its industry partners and customers to develop a
unified information technology (IT) architecture that will help address
some of the business and technical challenges facing chemical and oil
ChemRA will address technology integration on a holistic basis
throughout the full scope of the chemical and oil refining industry
ecosystem. It will also provide a blueprint for a unified architecture
that will support enterprises in these industries to build powerful
applications that address user needs while being interoperable, easy to
maintain and easily adaptable to their current IT environment.
"With the global volatility in raw materials and currencies, chemical
companies around the world face intense and unprecedented profit
pressures," said PROS Chief Marketing Officer Tim Girgenti. "PROS has an
established chemical industry practice and has already helped the
world's leading chemical companies overcome these challenges. ChemRA is
a way for the broader industry to benefit from the best practices PROS
has established. The initiative demonstrates Microsoft's leadership and
its commitment to the chemical and refining industries by providing a
roadmap our customers can use for building their next-generation
prescriptive pricing solutions. With PROS prescriptive pricing, ChemRA
can extend its footprint to address one of the most critical business
disciplines in chemical companies today."
"The Microsoft Chemical Reference Architecture Initiative provides an
excellent example of our continuing commitment to addressing some of the
most critical business challenges facing the global chemical and oil
refining industries today," said Ellyn Foltz, managing director,
Worldwide Process Manufacturing Industry, Microsoft. "A standardized
architecture blueprint will serve as a starting point for organizations
in these industries to build a solid, unified architecture for their IT
assets in the enterprise and the manufacturing domains. Through our
collaboration with industry leaders such as PROS, we are helping our
customers to more effectively integrate business applications,
processes, people and data to facilitate more consistent workflows
across and within chemical and oil refining organizations."
To learn more about the PROS chemical industry practice and its
selection to participate in the ChemRA Initiative, visit either the
Microsoft website at www.microsoft.com/chemra
or PROS website
to view a supporting video by PROS Chief Marketing Officer Tim Girgenti.
PROS Holdings, Inc. (NYSE:
PRO) is a leading provider of prescriptive enterprise pricing and
revenue management 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 has implemented over 500 solutions across a range of industries in
more than 50 countries.
Founded in 1985, PROS is headquartered in Houston, Texas. Today, PROS
has over 400 employees, more than 100 with advanced degrees and over 25
with Ph.D.s. To learn more about PROS, please visit www.prospricing.com.
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.
Yvonne Donaldson, 713-335-5310