PROS Named Only Challenger in the 2020 Gartner Magic Quadrant for Configure, Price and Quote Application Suites
October 01 2020 - 11:30AM
Business Wire
PROS Recognized for Completeness of Vision and
Ability to Execute
PROS® (NYSE: PRO), a provider of AI-powered solutions that
optimize selling in the digital economy, today announced that it
has been recognized as a Challenger by Gartner, Inc. in its 2020
Magic Quadrant for Configure, Price and Quote (CPQ) Application
Suites. PROS is the only vendor positioned within the Challengers
quadrant based on completeness of vision and ability to
execute.
“To us, being positioned as a Challenger in this year’s Magic
Quadrant is a great honor,” said PROS President and Chief Executive
Officer Andres Reiner. “We believe this positioning is clear
evidence of our ability to execute and align with the needs of
today’s B2B organizations, embracing digital selling solutions that
accelerate sales cycles and deepen customer relationships in order
to remain competitive in the market.”
Configure, price and quote (CPQ) applications enable sales
organizations to automate and optimize the creation of quotes and
the capture of orders1 and are part of an overall technology
ecosystem enabling the quote-to-cash business process. They ensure
sales organizations can sell complex products or services more
quickly in highly personalized ways to meet customer
expectations.
PROS Smart CPQ is part of the PROS Platform, a SaaS solution set
that enables businesses to embrace the power of digital selling, to
maximize revenue, capture maximum customer wallet-share and offer a
better customer buying experience across all go-to-market
channels.
“In this post-COVID era, digital selling capabilities are now
essential to meet the needs of today’s buyer,” said Loretta
Faluade, PROS Solution Strategy Director. “PROS delivers
intelligent quote-to-cash capabilities that support fast and
personalized selling experiences through direct or indirect sales
teams and through eCommerce, helping drive increased revenue and
improved business outcomes.”
To access a complimentary copy of the September 2020 Gartner
Magic Quadrant for Configure, Price and Quote Application Suites,
click here.
Gartner, Magic Quadrant for Configure, Price and Quote
Application Suites, Mark Lewis, Dayna Ford, 28 September 2020.
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.
1 Gartner, Magic Quadrant for Configure, Price and Quote
Application Suites, Mark Lewis, Dayna Ford, 28 September 2020.
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Amanda Parrish aparrish@pros.com 832.924.4731
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