Nehal Chokshi

Zane Meehan

Brian Schwartz

Jeff Van Rhee

Parker Lane

Scott Berg

Daniel Hibshman

Hin Fung Cheng

Jason Celino

J. Parker Lane

Matthew Kikkert

Patrick Schulz

Robert Morelli

Robert Oliver

Rob Oliver

Victor Cheng

- **Conga** has announced its preliminary binding terms to acquire the **B2B business of PROS Holdings, Inc.**, following the acquisition of PROS by **Thoma Bravo**.  **[1392972_55b9c768a3db4903b3b49dd503ef30f7_0]** 
- The acquisition of PROS's B2B business by Conga is anticipated to close in **Q1 2026**, subject to customary conditions and regulatory approvals.  **[1392972_55b9c768a3db4903b3b49dd503ef30f7_0]** 
- This strategic combination aims to create the **first fully integrated AI-powered platform** for commercial excellence, designed to maximize revenue and customer lifecycle value.  **[1392972_55b9c768a3db4903b3b49dd503ef30f7_0]** 
- **Dave Osborne**, current CEO of Conga, is slated to lead the combined Conga and PROS B2B business post-transaction.  **[1392972_55b9c768a3db4903b3b49dd503ef30f7_1]**

PROS Holdings' B2B Business to be Acquired by Conga

- Conga has announced its intent to acquire the **B2B business of PROS Holdings, Inc.**, following the acquisition of PROS by certain investment funds related to Thoma Bravo.  **[1392972_dd144d22e0454745abd18c8aa3d3841c_0]** 
- The acquisition of PROS' B2B business by Conga is expected to be finalized in **Q1 2026**, pending customary conditions and regulatory approvals.  **[1392972_dd144d22e0454745abd18c8aa3d3841c_0]** 
- This strategic combination aims to create the first fully integrated platform for commercial excellence, leveraging AI to optimize B2B revenue and streamline processes across the revenue lifecycle.  **[1392972_dd144d22e0454745abd18c8aa3d3841c_0]** **[1392972_dd144d22e0454745abd18c8aa3d3841c_1]** 
- **Dave Osborne**, the current CEO of Conga, will serve as the CEO of the combined Conga and PROS B2B business once the transaction is complete.  **[1392972_dd144d22e0454745abd18c8aa3d3841c_1]**

PROS Holdings: Conga Announces Intent to Acquire B2B Business

- **Conga** has announced its intention to acquire the **B2B business of PROS Holdings**.  **[1392972_7191b1872f4544218236fecef0083d37_0]** 
- This acquisition by Conga is expected to be finalized in **Q1 2026**, following the completion of **Thoma Bravo's acquisition of PROS**.  **[1392972_7191b1872f4544218236fecef0083d37_0]** 
- The merger aims to create a unified, **AI-powered platform** for commercial excellence, combining solutions for configuration, pricing, quoting (CPQ), and contract lifecycle management (CLM).  **[1392972_7191b1872f4544218236fecef0083d37_0]** **[1392972_7191b1872f4544218236fecef0083d37_1]** 
- **Dave Osborne**, current CEO of Conga, will lead the combined Conga and PROS B2B business after the transaction closes.  **[1392972_7191b1872f4544218236fecef0083d37_2]**

PROS Holdings: Conga to acquire B2B business following Thoma Bravo acquisition

- **Conga** has agreed to acquire the **B2B business of PROS Holdings, Inc.** from Thoma Bravo-affiliated investment funds, following Thoma Bravo's acquisition of PROS.  **[1392972_aa511115263a4303a098071aad776e40_0]** 
- The acquisition of the B2B business is anticipated to close in **Q1 2026**, pending regulatory approvals and customary conditions.  **[1392972_aa511115263a4303a098071aad776e40_0]** 
- The merger aims to establish the **first fully integrated, AI-powered platform** for commercial excellence, combining CPQ, contract management, and document automation to optimize revenue generation.  **[1392972_aa511115263a4303a098071aad776e40_0]** **[1392972_aa511115263a4303a098071aad776e40_1]** 
- **Dave Osborne**, CEO of Conga, will lead the combined Conga and PROS B2B business as CEO post-transaction.  **[1392972_aa511115263a4303a098071aad776e40_1]** **[1392972_aa511115263a4303a098071aad776e40_2]**

- **Conga** has agreed to preliminary binding terms to acquire the **B2B business of PROS Holdings, Inc.**.  **[1392972_b8aa0761dcdb4c209ba8cd1a63ad2dfc_0]** 
- This acquisition by Conga is expected to occur after the acquisition of **PROS** by investment funds affiliated with **Thoma Bravo**.  **[1392972_b8aa0761dcdb4c209ba8cd1a63ad2dfc_0]** 
- The closing of Conga's acquisition of the PROS B2B business is anticipated in the **first quarter of 2026**.  **[1392972_b8aa0761dcdb4c209ba8cd1a63ad2dfc_0]** 
- The strategic combination aims to create the first fully integrated, **AI-powered platform** designed to help businesses maximize revenue and customer lifetime value.  **[1392972_b8aa0761dcdb4c209ba8cd1a63ad2dfc_0]** 
- **Dave Osborne**, the current CEO of Conga, will serve as the CEO of the combined Conga and PROS B2B company following the transaction's close.  **[1392972_b8aa0761dcdb4c209ba8cd1a63ad2dfc_1]** **[1392972_b8aa0761dcdb4c209ba8cd1a63ad2dfc_2]**

PROS Holdings' B2B Business to Be Acquired by Conga

- Thoma Bravo and PROS Holdings, Inc. announced strategic plans for PROS's business segments following the planned acquisition, which is expected to close in **Q4 2025**.  **[1392972_0001193125-25-225883_d16876dex991.htm:0]** 
- Following the acquisition, PROS's **travel business will operate as a standalone platform investment** under Thoma Bravo.  **[1392972_0001193125-25-225883_d16876dex991.htm:0]** 
- PROS's **B2B business will merge with Conga**, an existing Thoma Bravo portfolio company.  **[1392972_0001193125-25-225883_d16876dex991.htm:0]** 
- PROS shareholders will receive **$23.25 per share in cash**, representing a **41.7 percent premium** over the closing share price on **September 19, 2025**.  **[1392972_0001193125-25-225883_d16876dex991.htm:0]**

PROS Holdings and Thoma Bravo Announce Strategic Post-Acquisition Plans

- Thoma Bravo's acquisition of PROS Holdings, announced on September 22, 2025, is anticipated to **close in Q4 2025**.  **[1392972_20251001NY88066:0]** 
- Following the acquisition, PROS' **travel business will operate as a standalone platform investment** under Thoma Bravo.  **[1392972_20251001NY88066:0]** 
- PROS' **B2B business will be combined with Conga**, an existing Thoma Bravo portfolio company.  **[1392972_20251001NY88066:0]** 
- PROS shareholders are set to receive **$23.25 per share in cash**, representing a **41.7% premium** over the closing share price on September 19, 2025.  **[1392972_20251001NY88066:0]**

PROS Holdings and Thoma Bravo Announce Post-Acquisition Strategic Plans

- **PROS Holdings, Inc.** (the "Company") entered into a **Merger Agreement** on **September 22, 2025**, to be acquired by investment funds affiliated with **Thoma Bravo, L.P.**.  **[1392972_0001193125-25-211519_d12560d8k.htm:1]** 
- Under the terms of the agreement, each share of Company Common Stock will be converted into the right to receive **$23.25 in cash**.  **[1392972_0001193125-25-211519_d12560d8k.htm:1]** **[1392972_0001193125-25-211519_d12560dex21.htm:4]** 
- The Company's board of directors has **unanimously approved** the Merger Agreement and recommends its approval to stockholders.  **[1392972_0001193125-25-211519_d12560d8k.htm:1]** 
- The merger is subject to conditions, including Company Stockholder Approval and Governmental Approvals.  **[1392972_0001193125-25-211519_d12560dex21.htm:74]**

PROS Holdings, Inc. to be Acquired by Thoma Bravo Affiliate

- PROS Holdings has agreed to be acquired by private equity firm Thoma Bravo in a **$1.4 billion** all-cash deal.  **[1392972_71f25058337e4810882b6aa1584cd3e1]** 
- Thoma Bravo will pay **$23.25 per share**, which represents a premium of approximately **40%** to the recent closing price and a **53.2% premium** over the volume-weighted average share price of PROS Holdings over the 30 days ending Friday.  **[1392972_71f25058337e4810882b6aa1584cd3e1]** 
- The acquisition, unanimously supported by PROS Holdings' Board of Directors, is expected to close in the **fourth quarter of 2025**, after which PROS will be taken private and delisted from the New York Stock Exchange.  **[1392972_71f25058337e4810882b6aa1584cd3e1]** 
- Following the announcement, PROS shares surged approximately **40%**, and the company will delay its Q3 earnings call to report results at a later date.  **[1392972_71f25058337e4810882b6aa1584cd3e1]**

PROS Holdings Agrees to $1.4 Billion Takeover by Thoma Bravo

- **PROS Holdings, Inc.** has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction valuing PROS at approximately **$1.4 billion**.  **[1392972_0001193125-25-210084_d81030dex991.htm:0]** 
- Under the terms of the agreement, PROS shareholders will receive **$23.25 per share in cash**, which represents a **41.7 percent premium** over PROS’ closing share price on September 19, 2025.  **[1392972_0001193125-25-210084_d81030dex991.htm:0]** 
- The transaction is expected to close in the **fourth quarter of 2025**, subject to shareholder and regulatory approvals, after which PROS will become a private company.  **[1392972_0001193125-25-210084_d81030dex991.htm:1]** **[1392972_0001193125-25-210084_d81030dex991.htm:0]** 
- Due to the announced transaction, PROS will not host its third quarter earnings conference call, and Q3 2025 results will be released at a later date.  **[1392972_0001193125-25-210084_d81030dex991.htm:1]**

PROS Holdings (PRO)