During the second quarter, we continued to invest in R&D and to expand our pricing, partners, ecosystem, including signing another formal global alliance agreement with a systems integrator.
We also delivered a release of our Pricing Solutions Suite with new science innovation, new user experience enhancement, new pricing features, enhanced industry solutions and significant performance in scalability improvement. PROS continuous to be focused on delivering industry leading pricing and margin optimization software solution with fast time-to-value and high ROI for our customers.
Our fast time-to-value program allows our customers to identify millions of dollars of pricing profit opportunities in the first 30 days.
A recent example of this is that we were able to install Scientific Analytics in less than 30 days and Price Optimizer and Deal Optimizer in five months for a Fortune 400 chemical manufacturer. This project also was an excellent example of our work with our system integration partners who worked jointly with PROS to install our products.The high return on investment and fast time-to-value we provided for a leading office product distributor was recognized by a sister division in the service part business. That division recently signed a license agreement for our Scientific Analytics and Price Optimizer product. This customers win adds to our growing list of bluechip distributor in service parts companies and highlights our ability to cross sell into additional divisions of existing customers. PSS World Medical Inc. a national distributor of medical products selected PROS as their pricing excellence partner in the second quarter and selected PROS Pricing Solution Suite to enhance their customer relationship and help meet profitably and performance goals. PROS Scientific Analytics will assist PSS World Medical sales team in accurately tailoring product offerings and scientifically calculated price points to each customers unique buying needs. PROS Price Optimizer will deliver accurate and timely price list from multiple channel and PROS Deal Optimizer will equip their sales team with real-time pricing and product recommendations to satisfy customer demand. Read the rest of this transcript for free on seekingalpha.com