[0] PROS Revenue Management and @TheMoment Announce Partnership to Provide eCommerce Optimization Solution.Business Editors & High Tech Writers HOUSTON and SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Feb. 21, 2001 PROS Revenue Management, the world's leader in pricing and revenue optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. solutions, and @TheMoment Inc., a provider of sell-side dynamic pricing solutions, today announced a strategic partnership to deliver a joint solution called Optimized Dynamic Commerce. The solution will combine PROS' science-based revenue and profit optimization tools with @TheMoment's flexible auction software, comprising a comprehensive solution to help eCommerce suppliers optimize optimize - optimisation revenues through intelligent dynamic pricing. Solutions to build online profitability Faced with an ultra-competitive pricing environment and low buyer switching costs as a result of e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. , many suppliers have had reduced incentive to extend their businesses online. Now, by providing suppliers with tools for optimizing revenue and profits in dynamic pricing environments, @TheMoment and PROS are removing barriers to eCommerce success. By scientifically optimizing auction parameters such as auction type, reserve prices, lot sizes, bid increments, and duration, based on accurate forecasting and modeling of demand, suppliers can protect themselves from eroding margins in the eCommerce world. Similar to the pricing optimization tools PROS has deployed in the world's most successful airlines, this joint solution will allow suppliers to manipulate manipulate To cause a security to sell at an artificial price. Although investment bankers are permitted to manipulate temporarily the stock they underwrite, most other forms of manipulation are illegal. an array of timing, delivery and service options to de-commoditize their product offerings. Sellers will optimize revenue by selling the right product to the right customer at the right time and the right price. Using the bid and transaction data, demand information and real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. dynamic trading data provided by @TheMoment, sellers can apply revenue management tools such as demand forecasting, targeting specific market segments, and strategically allocating inventory, to tailor product offerings to each market segment and set prices to maximize revenue and profitability. "We are excited to partner with a recognized industry leader such as PROS," said Itzik Goldberger, vice president, marketing and business development, @TheMoment Inc. "By integrating with PROS products, we're incorporating the required analytics and revenue management science expertise with our dynamic pricing solution to help suppliers meet their online business objectives." Jeff Robinson Jeff Robinson can refer to:
About PROS Revenue Management PROS Revenue Management (www.prosRM.com) is the world's leader in revenue management science and the pioneer and dominant provider of yield management (RM) to the airline and energy industries. PROS provides system solutions to the airline, cargo, rail, energy, healthcare and broadcast industries, and has delivered over 180 systems to more than 82 clients in 25 countries. The PROS mission is to maximize the revenue of each client using PROS' world-leading revenue management science, systems solutions and best practices business consulting. PROS clients report annual incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. revenue increases of 4-8% as a result of revenue management. PROS solutions forecast demand, optimize inventory and provide dynamic pricing to maximize revenue. Founded in 1985 in Houston, PROS Revenue Management has a six-year compounded revenue growth of 40% with 2000 revenue exceeding $29 million. PROS' has delivered eight consecutive quarters of profitability, while maintaining a strong balance sheet. For more information on PROS Revenue Management, please visit www.prosRM.com or call 713/335-5813. About @TheMoment Inc. @TheMoment Inc.(TM) is a provider of sell-side dynamic pricing solutions, helping corporations increase revenue and improve profitability. With the highly flexible @TheMoment Dynamic Pricing Suite, corporations can enable auction and bid/ask markets with real-time pricing strategies There are many ways in which the price of a product can be determined. The following are the foremost strategies that businesses are likely to use. Competition-based pricing Setting the price based upon prices of the similar competitor products. designed to meet their business objectives. Headquartered in San Mateo, Calif., @TheMoment is funded by VantagePoint Venture Partners, Reuters Reuters British cooperative news agency. Founded in 1851 by Paul Julius Reuter, it was initially concerned with commercial news but began to serve a growing newspaper clientele after the London Morning Advertiser subscribed in 1858. Greenhouse Fund, TIBCO Software Tibco Software Inc. is a software company, with headquarters in Palo Alto, California. Tibco sells business process management and business integration software. History Vivek Ranadive founded the company as Teknekron Software Systems (TSS) in 1985. (Nasdaq:TIBX TIBX Tibco Software Incorporated (NASDAQ symbol) ), Tarrant Venture Partners, Comdisco Ventures, and other strategic investors. Additional company information is available at www.themoment.com. |
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