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Navistar Parts Selects PROS Pricing Software to Help Support Profitable Growth Initiatives

^{Published on 2010-09-27 06:11:11 - Market Wire}
 

HOUSTON--([ BUSINESS WIRE ])--PROS Holdings, Inc. (NYSE: PRO), the world leader in business-to-business pricing and margin optimization software, today announced that Navistar Parts, an affiliate of Navistar, Inc., has selected PROS as a key enabler to support its profitable growth initiatives.

"PROSa™ industry expertise in aftermarket parts, superior optimization, ease of use and ability to scale globally will be key advantages for Navistar Parts."

"After an exhaustive review of advanced pricing software vendors, it became very clear to us that PROS is the right partner to support our profitable growth initiatives and to improve operating ease and speed for our dealer network,a said Joel Larsen, director of Pricing & Strategic Initiatives, Navistar Parts. aPROSa™ industry expertise in aftermarket parts, superior optimization, ease of use and ability to scale globally will be key advantages for Navistar Parts.a

Navistar will leverage all three advanced pricing modules incorporated in the PROS Pricing Solution Suite, including Scientific Analytics, Price Optimizer and Deal Optimizer. The three modules work seamlessly together to support the entire pricing lifecycle, from identifying pricing opportunities and setting pricing strategies to executing optimized prices.

aNavistar is not only a leader in its traditional markets, but ita™s also investing for the future. Wea™re honored to have been selected to help drive their profitable growth efforts,a said Chris Jones, chief sales officer, PROS. aBringing Navistar on board with PROS is yet another signal that enterprises recognize the power of advanced pricing technology to fuel both top- and bottom-line growth, and that PROS can deliver on this promise.a

The PROS solution will enable Navistar, like many other business-to-business manufacturers and distributors, to realize significant value:

• Improve the accuracy and effectiveness of price setting to drive revenue, margins and market share
• Improve agility and customer satisfaction through streamlined pricing processes
• Improve sales, marketing, product and pricing decisions to accomplish strategic goals

aOne of the biggest challenges for parts distributors and manufacturers is making accurate, timely pricing decisions in a climate of increasing competition and complexity,a explained Andres Reiner, executive vice president, PROS. aWe look forward to working with Navistar to overcome these challenges and make pricing excellence a reality.a

About Navistar Parts

Navistar Parts, an operating unit of Navistar, Inc. delivers the right part, at the right place, at the right time. With the largest dealer network in North America, and extensive global locations, Navistar Parts supplies parts worldwide for International^® and IC Bus^a" brand vehicles and MaxxForce^® brand diesel engines, as well as parts for all makes of medium- and heavy-duty trucks. With more than 700,000 parts, 10 global Parts Distribution Centers and 100 years of building a solid aftermarket parts supply chain, Navistar Parts keeps you up and running. Navistar Parts private labels include: International^®, PRTSMRT^® and ReNEWed^® brands. Additional information on Navistar Parts can be found at [ www.navistarpartsandservice.com ].

About Navistar

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International^® brand commercial and military trucks, MaxxForce^® brand diesel engines, IC Bus^a" brand school and commercial buses, Monaco^® RV brands of recreational vehicles, and Workhorse^® brand chassis for motor homes and step vans. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at [ www.Navistar.com/newsroom ].

About PROS

PROS Holdings, Inc. (NYSE: PRO) is a leading provider of pricing and margin optimization [ software products ], specializing in price analytics, price execution, and price optimization. By using PROS's 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 provides [ professional services ] to configure its software products to meet the specific pricing needs of each customer. PROS has implemented over 300 solutions across a range of industries in more than 40 countries.

Founded in 1985, PROS is headquartered in Houston, Texas. Today, PROS has over 350 employees, more than 100 with advanced degrees and over 25 with Ph.D.s. To learn more about PROS, please visit [ www.prospricing.com ].

Forward-looking Statements

This press release contains forward-looking statements, including statements aboutthe 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 includePROS' 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.