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PROS Named a Visionary in the Gartner Magic Quadrant for Configure, Price, and Quote Application Suites

PRO | November 19, 2018

PROS Named a Visionary in the Gartner Magic Quadrant for Configure, Price, and Quote Application Suites

SaaS and Solution Maturity Driving Customer Adoption; AI a Key Differentiator in CPQ Strategy

PROS® (NYSE: PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced that it has been named a Visionary by Gartner, Inc. in its November 2018 Magic Quadrant for Configure, Price, and Quote (CPQ) Application Suites.

CPQ application suites are part of an overall technology ecosystem enabling the quote-to-cash business process. They ensure sales organizations can configure, quote, and price complex products or services more quickly in highly personalized ways to meet customer expectations.

PROS Smart CPQ solution, which integrates with PROS’ pricing optimization and lead generation technologies, was evaluated based on its ability to execute and completeness of vision.

“Our customers – whether manufacturing, automotive, food, technology, or others – are on a digital transformation journey to automate fragmented, manual business processes, reducing friction and complexity in the sales cycle,” said Loretta Faluade, Solution Strategy Director at PROS. “We believe our position as a visionary in this report underscores the evolution of our solution and our AI investments to support the transformation of the sales process, enabling businesses to unlock greater revenue opportunities.”

To access a complimentary copy of the 2018 Gartner Configure, Price, and Quote Application Suites Magic Quadrant, click here.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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.