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Lufthansa Extends PROS Portfolio with Implementation of O&D Network Optimizer

Dépèche transmise le 28 mars 2011 par Business Wire

Lufthansa Extends PROS Portfolio with Implementation of O&D Network Optimizer

HOUSTON--(BUSINESS WIRE)--PROS Holdings, Inc. (NYSE:PRO), the world leader in pricing and revenue management software, today announced that Deutsche Lufthansa AG has completed the cutover of PROS Origin & Destination Network Hybrid Optimizer. The implementation of this solution is the latest in a series of products the global airline giant has leveraged through its long-term relationship with PROS.

“Our technologies and solutions power airlines around the world, providing strategic enablers for their operations”

The PROS O&D Network Hybrid Optimizer – a module of PROS Origin & Destination Solutions – provides Lufthansa with highly configurable tools that offer significant incremental revenue benefits over traditional leg/segment solutions. Lufthansa can now manage customers based on where they want to fly, rather than the way the airline flies its routes.

“Throughout our 23-year partnership with PROS, we’ve looked to the company for products and solutions that enhance our global operations,” said Lufthansa CIO Dr. Christoph Klingenberg. “Our goal at Lufthansa is to provide world-class customer experiences, and it’s the strategic systems and solutions in our backend operations that make this possible. The PROS O&D Network Hybrid Optimizer provides significant added value. We will continue to look to PROS for additional capabilities, including its PROS Real-Time Dynamic Pricing suite.”

“Our technologies and solutions power airlines around the world, providing strategic enablers for their operations,” said PROS Senior Vice President of Professional Services Pete Kiernan. "PROS has enjoyed a long-term relationship with Lufthansa, and our commitment is to provide them with the prescriptive products and solutions they require to deliver world-class customer experience. They are an important and valuable partner, and we appreciate not only the length of our relationship, but also their support, as we work to enhance and develop next-generation products and solutions that support their international operations.”

About PROS O&D Network Hybrid Optimizer

• The PROS O&D Network Hybrid Optimizer is a comprehensive optimization system that utilizes the latest dynamic programming science for airlines.
• It incorporates a mix of network and leg optimization techniques designed to address airline challenges, including overbooking, convertible seats, upgrade potential and flexible cabin handling, as well as producing a set of network optimizing controls.
• The PROS O&D Network Hybrid Optimizer module outputs sophisticated bid-prices for O&D control, as well as leg or segment allocations to support legacy availability and booking processes.

About Deutsche Lufthansa AG

Deutsche Lufthansa AG was founded in 1926, and since then has grown to become Europe's largest airline. Lufthansa operates services to 18 domestic destinations and 183 international destinations around the world. The airline is a founding member of Star Alliance, the world's largest airline alliance, and is headquartered in Cologne, Germany. For more information about Lufthansa, please visit http://www.lufthansa.com.

About PROS

PROS Holdings, Inc. (NYSE: PRO) is a leading provider of pricing and margin optimization software products, specializing in price analytics, price execution, and price optimization. By using PROS' software products, companies gain insight into their pricing strategies, identify pricing-based profit leaks, optimize their pricing decision making and improve their business processes and financial performance. PROS' software products implement advanced pricing science, which includes operations research, forecasting and statistics. PROS high performance software architecture supports real-time high volume transaction processing and allows PROS to handle the processing and database requirements of the most sophisticated and largest customers, including customers with hundreds of simultaneous users and sub-second electronic transactions.

PROS provides professional services to configure its software products to meet the specific pricing needs of each customer. PROS has implemented over 500 solutions across a range of industries in more than 50 countries.

Founded in 1985, PROS is headquartered in Houston, Texas. Today, PROS has over 400 employees, more than 100 with advanced degrees and over 25 with Ph.D.s. To learn more about PROS, please visit http://www.prospricing.com.

Forward-looking Statements

This press release contains forward-looking statements, including statements about the functionality of the PROS products and their ability to manage and forecast across an enterprise. The forward-looking statements contained in this press release are based upon PROS' historical performance and its current plans, estimates and expectations, and are not a representation that such plans, estimates or expectations will be achieved. Factors that could cause actual results to differ materially from those described herein include PROS' ability to develop new products and product enhancements with the required functionality desired and PROS' ability to implement and support successfully its products to the expectations of its customers. 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.