PROS Expands Sales Leadership; Extends Strategic Focus on Alliances & Partners

HOUSTON, June 24, 2014 – In a move that expands its go-to-market leadership team, PROS® (NYSE: PRO), a big data software company, today announced that John “Jake” Cleveland, an accomplished sales and business leader, has joined the company as senior vice president, worldwide sales. The company also announced that Chris J. Jones, who previously led sales, will take on a new strategic leadership role as senior vice president, alliances and partners. Jones will focus on driving growth worldwide through PROS partner ecosystem. Both will report to Chief Operating Officer Blair Crump.  

Cleveland joins PROS following a 25-year career with EMC Corporation. In his last position, he served as senior vice president, global sales strategy, for the company’s storage business unit, where he developed and implemented a single global sales framework, supported by EMC’s technical practice. Immediately prior, Cleveland led the company’s Americas Information Intelligence Group, a software business unit that is a primary revenue contributor. He also led sales teams across the U.S. and Canada, where he substantially grew revenue in each region.     

Cleveland is responsible for PROS global sales organization, focused on continuing to scale the team and drive growth worldwide. He also holds responsibility for post-implementation customer success, ensuring PROS customers and their teams continue to gain strategic business value from their PROS solutions.

“As we continue to expand our global footprint and scale our business for long-term growth, we have two seasoned executives, each of whom bring extraordinary leadership talent to our organization,” said Crump. “Jake Cleveland has built and grown businesses by creating high-performing global sales organizations that understand how to deliver high-value, enterprise solutions to customers. Jake has a history and a passion for helping his team and his customers outperform.

“Our partner ecosystem is an increasingly important part of our diversified growth strategy,” Crump continued. “Chris’ appointment is indicative of the strategic focus on driving demand, adoption and scale across our global business. His success in driving sales over the past four years, and his institutional knowledge of PROS, give him a unique and powerful perspective to expand upon our partnership opportunities and drive new growth.”   

About PROS

PROS Holdings, Inc. (NYSE: PRO) is a big data software company that helps customers outperform in their markets by using big data to sell more effectively. We apply 28 years of data science experience to unlock buying patterns and preferences within transaction data to reveal which opportunities are most likely to close, which offers are most likely to sell and which prices are most likely to win. PROS offers big data solutions to optimize sales, pricing, quoting, rebates and revenue management across more than 40 industries. PROS has completed over 700 implementations of its solutions in more than 55 countries. The PROS team comprises more than 900 professionals around the world. 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 pricing 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 pricing and big data software and its current expectations of the benefits of pricing and big data 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 pricing and revenue management 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 pricing and big data 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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Media Contact:
James Garber
pros@marchcomms.com
617-960-9875

Investor Relations Contact:
Staci Strauss Mortenson
staci.mortenson@icrinc.com
203-682-8273