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HOUSTON, Jun 15, 2010 (BUSINESS WIRE) --PROS Holdings, Inc. (NYSE: PRO), the world leader in business-to-business pricing and margin optimization software, today announced that PSS World Medical (NasdaqGS: PSSI) has selected the PROS Pricing Solution Suite to enhance customer relationships and help meet profitability and performance goals.
With more than $2 billion in annual revenues, PSS World Medical is a distributor of medical supplies and services to physicians and extended care providers throughout the United States. PROS provides unique pricing capabilities targeted at distribution companies, helping its clients make accurate, complex pricing decisions in a climate of increasing competition, regulation and margin pressures.
"After an exhaustive review of pricing optimization vendors, PROS clearly demonstrated that they were the most capable partner to help us implement structure around our pricing practices," according to Carl Duhnoski, chief information officer at PSS World Medical. "PROS' leading position in distribution pricing software and science, along with their track record of successful implementations, gave us confidence in their ability to execute," he explained. "Our users are very excited about the polished experience and new capabilities that PROS will provide in its next-generation pricing engine and sales desktop tools."
PSS World Medical will leverage three advanced pricing modules incorporated in the PROS Pricing Solution Suite: PROS Scientific Analytics, which will assist PSS World Medical's sales team in accurately tailoring product offerings and price points to each customer's unique buying needs; PROS Price Optimizer, a real-time pricing engine that will deliver accurate and timely price lists for multiple channels; and PROS Deal Optimizer, which will equip PSS World Medical's sales team with real-time pricing and product recommendations to satisfy customer demands.
"We applaud PSS World Medical's commitment to customer satisfaction and profitability, and we are grateful they have chosen to partner with PROS to achieve pricing excellence," explained Andres Reiner, executive vice president at PROS.
About PSS World Medical, Inc.
PSS World Medical, Inc., headquartered in Jacksonville, Fla., is a national distributor of medical products to physicians and extended care providers through its two business units. Since its inception in 1983, PSS has become a leader in the two market segments that it serves with a focused market approach to customer services, a consultative sales force, strategic acquisitions, strong arrangements with product manufacturers and a unique culture of performance.
PROS Holdings, Inc. is the leading provider of pricing and revenue optimization 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 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 PhDs. 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 statement 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.
SOURCE: PROS Holdings, Inc.
PROS Corporate Communications
Pete Di Stefano, 713-335-5197