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PROS to Extend Opportunity-to-Revenue Platform with SpringCM Contract Management

March 5, 2015

Partnership to Develop Integrated Solution to Provide Customers with the Only CPQ + Price Optimization + Contract Management Solution for CRM Environments

CHICAGO, IL — PROS® (NYSE: PRO), a big data software company, today announced a partnership with SpringCM to integrate the SpringCM contract management software with the PROS Cameleon CPQ (Configure-Price-Quote) solutions. The combination will be designed to provide customers with the only end-to-end opportunity-to-revenue platform – with CPQ, price optimization and contract management – for their CRM environments, such as salesforce.com and Microsoft Dynamics.

Together, PROS and SpringCM will streamline the selling process and enable sales teams to increase their win rates, improve profitability and better manage the customer experience through the contract process. Both companies plan to offer the seamlessly integrated solution to their enterprise-class customers.

SpringCM is an award-winning document management platform and the leading provider for salesforce.com customers as the only Salesforce1 certified mobile contract management solution on the AppExchange. With its intuitive capabilities, SpringCM manages contracts and documents that accelerate productivity through the selling and contracting process. According to Nucleus Research, more than 50 percent of SpringCM customers were able to increase the productivity of their sales and legal teams by at least 20 percent.

SpringCM is a sponsor of the PROS Outperform 2015 customer conference, scheduled March 11-13 at the Hilton Americas Houston. At the conference, SpringCM will showcase an integrated demonstration of the new solution on the Salesforce platform. They will also demonstrate a real-world implementation using an opportunity-to-revenue project roadmap that helps companies improve sales effectiveness, sell smarter, boost renewal rates and enforce customer commitments.

“Every organization is looking for smarter ways to grow their business,” said PROS Senior Vice President, Alliances & Partners, Chris Jones. “As companies extend their CRM capabilities to drive revenue growth, faster sales cycles and enhanced margins, they’ve recognized the value associated with an integrated CPQ, price optimization and contract management solution. We are pleased to welcome SpringCM as our newest partner and look forward to working together to help customers accelerate their performance.”

“PROS vision for combining CPQ and pricing with contract lifecycle management directly reflects our vision for providing a holistic approach to productivity, risk and visibility in the latter half of the sales cycle,” said SpringCM Founder and CEO Greg Buchholz. “There’s no deal until the contract is signed, and we see sales cycles bogged down in laborious exchanges that leave companies weary and frustrated. Together with PROS, our customers will have a streamlined opportunity-to-revenue sales process, enabling sales teams to be more productive and better able to deliver their numbers. For sales teams and their leaders, it doesn’t get any better.”

SpringCM and PROS will host a webinar – Sealing the Deal: Unifying the Opportunity-to-Revenue Process on the Salesforce Platform – on March 26, 2015, at 12:00 noon EDT. The webinar will offer insights and real-world examples of how building a unified opportunity-to-revenue process on Salesforce will help sales teams overcome risks, and maximize revenue and profitability. To register, visit the PROS website.

To learn more about PROS and SpringCM, visit their websites.

About PROS

PROS Holdings, Inc. (NYSE: PRO) is a big data software company that helps customers outperform in their markets by using big data to sell more effectively. We apply years of data science experience to unlock buying patterns and preferences within transaction data to reveal which opportunities are most likely to close, which offers are most likely to sell and which prices are most likely to win. PROS offers big data solutions to optimize sales, pricing, quoting, rebates and revenue management across more than 40 industries. PROS has completed over 800 implementations of its solutions in more than 55 countries. The PROS team comprises more than 1,000 professionals around the world. To learn more, visit www.pros.com.

Forward-looking Statements

This press release contains forward-looking statements, including statements about the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS historical experience with CPQ software and its current expectations of the benefits of CPQ software 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 CPQ needs and the risks associated with the complex implementation and maintenance of CPQ software 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.

About SpringCM:

SpringCM's contract management platform shortens sales cycles for your direct and indirect sales teams. Through a cloud document management solution that includes true workflow automation and mobile applications, we help customers simplify their contract management while helping them identify potential areas of risk in the process. Our quick-to-implement solution is designed to complement existing business processes and deliver measurable value within the first month. 

For further information, please visit www.springcm.com.

Follow SpringCM on twitter @springcm.

Contact:

Yvonne Donaldson
ydonaldson@pros.com
713.335.5310

Sheila Watson
swatson@pros.com
713.335.5287