PRO News & Events

Reports Q3 revenue $91.7M, consensus $91.1M The company states: "On September 22, 2025, we announced that PROS Holdings, Inc. entered into a definitive agreement to be acquired by Thoma Bravo L.P. in an all-cash transaction valued at approximately $1.4 billion, or $23.25 per share. The per-share merger consideration represents a premium of approximately 53.2% over PROS's 30-day volume weighted average trading price as of the unaffected trading date of September 19, 2025. The transaction is subject to approval by PROS's stockholders, regulatory approvals and other customary closing conditions, and is currently expected to close in the fourth quarter of 2025. In light of the pending transaction, PROS will not be hosting a third quarter earnings conference call and is suspending its practice of providing financial guidance."

Thoma Bravo and PROS Holdings announced the post-closing plans for PROS. Following the completion of Thoma Bravo's planned acquisition of PROS, which was announced on September 22 and is expected to close in Q4, Thoma Bravo intends to run the travel business of PROS as a platform investment while existing portfolio company Conga, a leader for AI-powered innovation in configure, price, quote, or CPQ, contract lifecycle management, or CLM, and document automation, will combine with the B2B business of PROS. Under the terms of PROS' agreement to be acquired by Thoma Bravo, at closing, PROS shareholders will receive $23.25 per share in cash, representing a premium of approximately 41.7% over PROS' closing share price on September 19 the last full trading day prior to the transaction announcement, and a 53.2% premium to PROS' volume weighted average share price over the 30-day period ending the same date.