PROS ® (NYSE:PRO), a world leader in pricing and revenue management software, today announced that TAP Portugal, the national leading carrier of Portugal, has selected the PROS™ Origin & Destination Solutions™ to support its ever-expanding growth between Europe, the Americas and Africa. It is also the leading airline between Europe and Brazil, flying to 10 destinations in Brazil from its home base. TAP operates an average of more than 2,250 flights each week on a modern fleet of Airbus aircraft. The transaction closed in the fourth quarter of 2011. TAP is a member of the Star Alliance network of global airlines. For three consecutive years – 2009, 2010 and 2011 – it was awarded the “World’s Leading Airline to South America” by the World Travel Awards (WTA), as well as the “World’s Leading Airline to Africa” in 2011. Global Traveler Magazine voted TAP “Best European Airline” in 2011. “As we continue to grow the number of destinations we serve, we evaluated our requirements for a solutions provider to help us identify the best price-seat combinations in our network,” said Manoel Torres, a member of the TAP Executive Board of Directors. “At TAP, we are committed to investing in innovative new technologies to accommodate our growth and satisfy our customers’ expectations, both of which are strategic imperatives. We chose PROS based on its experience as the market leader, and look forward to an enduring and successful relationship.” “We are honored TAP has chosen PROS O&D for its next-generation revenue management system,” said PROS Travel President Benson Yuen. “We recognize that TAP is looking to distinguish itself through operational efficiency and shareholder profitability, and our experience and knowledge will help meet its strategic business goals. Our big data solutions serve airlines worldwide, and we appreciate the confidence and trust TAP places in PROS.”
PROS O&D provides significant incremental revenue benefits over leg/segment solutions. With its forecasting and optimization solution capabilities, airlines maximize revenue by aligning revenue management objectives with other critical commercial operations of the airline.About TAP Portugal TAP Portugal is the country’s leading airline, in operation since 1945. In March, 2005, TAP became a member of the Star Alliance. The TAP hub in Lisbon is a key European gateway at the crossroads of Africa, North and South America, and stands out as the international leading carrier to Brazil. The company’s network comprises 75 destinations in 34 countries worldwide. With its customer-focused policies, TAP continuously strives to deliver safe, reliable and upgraded products and services, tailored to meet its customers’ expectations. TAP retains the Portuguese character of the company’s brand and quality service, a basic concept that has been the main driver of its strategy. The company was honored by UNESCO and the International Union of Geological Sciences with the IYPE “Planet Earth Award 2010,” in the category of “Most Innovative Sustainable Product.” This award recognizes TAP’s carbon offset program, the first launched worldwide in partnership with IATA. For more information, go to www.flytap.com and follow the company on Facebook, Twitter and YouTube. About PROS PROS Holdings, Inc. ( NYSE:PRO) is a leading provider of prescriptive pricing and revenue management software for companies in the manufacturing, distribution, services and travel industries. PROS gives customers far greater confidence and agility in their pricing strategies by providing data-driven insights into transaction profitability, forecasting demand, recommending optimal prices for each product and deal, and streamlining pricing processes with enhanced controls and compliance. With more than $460 billion in revenues under management, PROS has implemented more than 500 solutions in more than 50 countries. The PROS team comprises more than 580 professionals, including 100 with advanced degrees and 25 with Ph.D.s. To learn more, visit www.prospricing.com. Forward-looking Statements This press release contains forward-looking statements, including statements about the functionality and benefits of pricing software 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 pricing software and its current expectations of the benefits of pricing 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 pricing and revenue management 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 pricing 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.