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PROS Selected for New Software Architecture Initiative in the Chemical Industry

^{Published on 2011-09-21 04:11:25 - Market Wire}
 

HOUSTON--([ 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 refining companies.

"With the global volatility in raw materials and currencies, chemical companies around the world face intense and unprecedented profit pressures"

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.

aWith the global volatility in raw materials and currencies, chemical companies around the world face intense and unprecedented profit pressures,a said PROS Chief Marketing Officer Tim Girgenti. aPROS has an established chemical industry practice and has already helped the worlda™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 Microsofta™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.a

aThe 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,a said Ellyn Foltz, managing director, Worldwide Process Manufacturing Industry, Microsoft. aA 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.a

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.

About PROS

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 ].

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.