PROS Recognized for Artificial Intelligence Innovation in SalesTech with 2020 AI Breakthrough Award
August 26 2020 - 1:00PM
Business Wire
Prestigious Annual Awards Program Honors
Standout AI and Machine Learning Solutions and Companies
PROS® (NYSE: PRO), a provider of AI-powered solutions that
optimize selling in the digital economy, today announced that it
has been selected as the winner of the “Best AI-based Solution for
Sales” award in the 2020 AI Breakthrough Awards program conducted
by AI Breakthrough, a leading market intelligence organization that
recognizes the top companies, technologies and products in the
global Artificial Intelligence (AI) market today.
Built on an AI-platform, PROS solutions effectively leverage AI
to drive business value through outcomes like more personalized and
profitable pricing and product offers, leading to more sales and
customer satisfaction. The comprehensive suite of PROS selling
solutions provide tools that automate sales tasks such as lead
generation, quoting and pricing.
“Digital transformation is driving a massive shift in how
businesses engage customers, sell products and services, and create
a better buyer experiences, and AI is perhaps the most promising
new technology in this shift,” said James Johnson, managing
director, AI Breakthrough. “As AI becomes a central pillar of the
sales and customer experience, PROS innovative investment in AI is
at the forefront in this area, already driving impressive results
and value to their customers. We extend our congratulations to the
team at PROS and are thrilled to present to them our ‘Best AI-based
Solution for Sales’ award for 2020.”
The mission of the AI Breakthrough Awards is to honor excellence
and recognize the innovation, hard work and success in a range of
AI and machine learning related categories, including AI platforms,
Deep Learning, Smart Robotics, Business Intelligence, Natural
Language Processing, industry specific AI applications and many
more. This year’s program attracted more than 2,750 nominations
from over 15 different countries throughout the world.
PROS aligns to customers’ needs in three critical areas:
AI-powered capabilities to support digital transformation and
transition to digital selling models, better capacity to consume
PROS services through a services architecture delivered through the
cloud and the enhanced ability to deliver business insight through
AI and Data Science – including the ability to allow a customer to
implement their own machine learning models within PROS
framework.
“PROS AI-powered technology helps our customers overcome selling
challenges,” said Loretta Faluade, Solutions Strategy Director at
PROS. “With an AI-based approach that helps automate processes
within the sales cycle, PROS is empowering businesses to
effectively learn from customer behaviors and better understand
their needs and preferences, ultimately leading to a significantly
improved customer experience. We are proud to receive this 2020 AI
Breakthrough Award in recognition of our innovative use of AI as we
power commerce in the new digital economy.”
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.
About AI Breakthrough
Part of Tech Breakthrough, a leading market intelligence and
recognition platform for global technology innovation and
leadership, the AI Breakthrough Awards program is devoted to
honoring excellence in Artificial Intelligence technologies,
services, companies and products. The AI Breakthrough Awards
provide public recognition for the achievements of AI companies and
products in categories including AI Platforms, Robotics, Business
Intelligence, AI Hardware, NLP, Vision, Biometrics and more. For
more information visit AIBreakthroughAwards.com.
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Amanda Parrish aparrish@pros.com 832-924-4731
Pros (NYSE:PRO)
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