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PRO-News
PRO-Events
Pros Holdings announces Q3 earnings per share of 22 cents, surpassing consensus estimate of 16 cents.
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 Reveals Future Plans for Pros Holdings After Closing
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.
KeyBanc Lowers Pros Holdings Rating from Overweight to Sector Weight
KeyBanc downgraded Pros Holdings to Sector Weight from Overweight without a price target after Thoma Bravo agreed to acquire the company for $1.4B or $23.25 per share.
Thoma Bravo to Purchase Pros Holdings for $23.25 per Share in Cash
Pros Holdings and Thoma Bravo announced that they have entered into a definitive agreement under which Pros will be acquired by Thoma Bravo in an all-cash transaction valuing PROS at approximately $1.4B. Under the terms of the agreement, 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. Upon completion of the transaction, Pros will become a private company with the benefit of Thoma Bravo's operating capabilities, capital support and sector expertise. The transaction, which has been unanimously approved by the board of directors of Pros, is expected to close in the fourth quarter of 2025, subject to approval by Pros shareholders, the satisfaction of regulatory approvals and customary closing conditions. Upon closing of the transaction, Pros will be a private company, and its common stock will no longer be listed or traded on the New York Stock Exchange or any public exchange. The company will continue to be headquartered in Houston, Texas.
Pros Holdings backs FY25 revenue view $360M-$362M, consensus $360.68M
Backs FY25 adjusted EBITDA view $42M-$44M.
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