Press Release

PROS Named to Constellation ShortListTM for Configure, Price, Quote

Offerings for Leaders Transforming Business Models and Streamlining Operations

HOUSTON, August 21, 2019PROS® (NYSE: PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced it was named to the Constellation ShortList™ for Configure, Price, Quote (CPQ) in Q3 2019. The technology vendors and service providers included in the Constellation ShortList offer the key requirements for early adopters pursuing digital transformation initiatives.

Leveraging state-of-the-art artificial intelligence and machine learning algorithms, PROS Smart CPQ accelerates the sales process and provides a powerful, intuitive tool for sales reps enabling them to respond to customer quotes within minutes. With Smart CPQ, sales reps can find and tailor product recommendations, customize configurations, manage approvals, price just right and generate professional proposals to help land and win the sale on the first quote.

“It’s imperative that business leaders focus on sales transformation initiatives to be able to deliver the buying experiences their customers are looking for,” said PROS Solution Strategy Director Loretta Faluade. “This means looking at how to optimize every sales channel where buyers engage with their brand – whether through traditional channels like sales teams or emerging digital channels like eCommerce. Smart CPQ empowers companies to yield fast and meaningful interactions for every customer at every touchpoint, every time.”

“In our experience working on tens of thousands of vendor selections, we’ve learned that no two organizations have the same requirements. We cut through the clutter and marketing hype and present the top offerings in each of our coverage areas. These vendors have battle tested solutions that our analysts have vetted and approved,” said R “Ray” Wang, chairman and founder at Constellation Research.

Constellation Research advises leaders on leveraging disruptive technologies to achieve business model transformation. Products and services named to the Constellation ShortList meet the threshold criteria for this category as determined through client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research. The portfolio is updated every six months with the rapidly changing market conditions.

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About PROS
PROS Holdings, Inc. (NYSE: PRO) provides AI-powered solutions that optimize selling in the digital economy. 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.

Forward-looking Statements
This press release contains forward-looking statements, including statements about the functionality and benefits of AI-powered 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 AI-powered 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 AI-powered 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 AI-powered 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.

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


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