| [February 03, 2011] |
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Cummins Turns to PROS Pricing Software to Help Drive Profitable Growth Initiative
HOUSTON --(Business Wire)--
PROS (NYSE: PRO),
the world leader in business-to-business pricing and margin optimization
software, today announced that Cummins, Inc., makers of engines and
related technologies, selected PROS during the fourth quarter of 2010 to
help drive innovation and support corporate goals through the
implementation of a new pricing strategy.
Ranking 206 among Fortune 500 companies, Cummins designs, manufactures,
distributes and services engines and related technologies, including
fuel systems, controls, air handling, filtration, emission solutions and
electrical power generation systems.
"We needed a partner that understands and can help us manage the
fluctuating conditions in our markets," remarked Rafael Dorador,
executive director of global parts sales at Cummins. "PROS has the
expertise and technology to help us implement a pricing strategy that
provides operational agility and enables us to maximize profitability."
Cummins will leverage the value of prescriptive pricing embedded in all
three advanced pricing modules of 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, to setting pricing
strategies, to executing optimized prices.
"We are honored that Cummins has chosen PROS as their pricing and margin
optimization partner," said Chris Jones, PROS chief sales officer. "PROS
has an unparalleled track record for delivering state-of-the art,
prescriptive pricing systems that improve the financial performance of
global companies, like Cummins."
The PROS solution will enable Cummins to set better prices, implement
better processes and make better pricing decisions:
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Provide sales reps with prescriptive price guidance and product
recommendations on negotiated transactions
-
Empower Cummins to set the right price for the right product at the
speed of business based on current and relevant market information
-
Execute an agile pricing process across more than 100,000 highly
competitive parts
"Manufacturers are faced with making accurate, timely pricing decisions
for tens of thousands of products distributed through thousands of
deler outlets," explained Tim Girgenti, chief marketing officer at
PROS. "The power of prescriptive pricing from PROS is that we give
customers the confidence to quickly and easily make pricing decisions
that lead to increased revenue and profitability, greater
competitiveness, and enhanced business agility."
About Cummins
Cummins Inc., a global power leader is a corporation of complementary
business units that design, manufacture, distribute and service engines
and related technologies, including fuel systems, controls, air
handling, filtration, emission solutions and electrical power generation
systems. Headquartered in Columbus, Indiana, (USA) Cummins serves
customers in approximately 190 countries and territories through a
network of more than 500 company-owned and independent distributor
locations and approximately 5,200 dealer locations. Cummins is # 206 on
the Fortune 500 and is traded under CMI on the NYSE.
About PROS
PROS Holdings, Inc. (NYSE: PRO)
is a leading provider of prescriptive enterprise pricing and margin
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
100's 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. Founded in 1985, PROS has implemented
over 500 solutions across a range of industries in 50 countries. PROS is
headquartered in Houston, Texas and 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 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 are 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.

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