Thoma Bravo and PROS Holdings, Inc. Announce Strategic Plans for PROS Business Segments

Core Insights - Thoma Bravo plans to accelerate PROS' travel segment as a standalone business and integrate PROS' B2B segment with Conga following the acquisition [1][2] - The acquisition is expected to close in Q4 2025, with PROS shareholders receiving $23.25 per share, representing a premium of approximately 41.7% over the closing price prior to the announcement [3] Company Overview - PROS Holdings, Inc. is a leading provider of AI-powered SaaS pricing and selling solutions, focusing on optimizing omnichannel shopping and selling experiences [6] - Conga is a market leader in Revenue Lifecycle Management, providing solutions for configure, price, quote, contract lifecycle management, and document automation [7][8] - Thoma Bravo is a major software-focused investment firm with approximately $181 billion in assets under management as of June 30, 2025 [4] Strategic Plans - Thoma Bravo aims to leverage its operational experience and software expertise to enhance PROS' market-leading AI offerings in the travel sector [2] - The combination of PROS' B2B business with Conga is expected to create a more powerful solution portfolio, enhancing customer value across commercial operations [2][3] - The travel business will receive additional investment for innovation, aiming to strengthen PROS' position in the airline and travel market [2]