PROS Bundle
Who Owns PROS Holdings, Inc.?
Understanding PROS Holdings, Inc.'s ownership is key to grasping its strategic direction and market standing. A recent leadership change underscores the evolving nature of corporate control and its influence on a company's path.
PROS Holdings, Inc., a Houston-based company since 1985, specializes in AI-driven software for sales optimization. Its mission involves leveraging AI and machine learning to refine sales processes and enable businesses to proactively meet customer demands with personalized offerings.
As of August 2025, PROS Holdings, Inc. holds a market capitalization of approximately $701.87 million. In 2024, the company achieved total revenue of $330.37 million, marking an 8.78% year-over-year increase, with subscription revenue alone growing by 14%.
The ownership landscape of PROS Holdings, Inc. has seen significant shifts, from its initial founding stakes to the influence of institutional investors and public shareholders. These changes, including recent executive transitions, continue to shape the company's future direction, impacting its approach to innovation such as its PROS PESTEL Analysis.
Who Founded PROS?
PROS Holdings, Inc. was founded in 1985 in Houston, Texas. The initial founding team included Dr. Ron Mittelstaedt, Mariette Mellinghaus, and Ed Thompson, with Ron Woestemeyer and Mariette Woestemeyer also identified as founders. Early capital was provided by the founders and their close networks, though specific initial equity details are not public.
| Founder | Role |
|---|---|
| Dr. Ron Mittelstaedt | Co-Founder |
| Mariette Mellinghaus | Co-Founder |
| Ed Thompson | Co-Founder |
| Ron Woestemeyer | Co-Founder |
| Mariette Woestemeyer | Co-Founder |
PROS Holdings, Inc. was established in 1985.
The company originated in Houston, Texas.
Funding came from the founders and their immediate networks.
Secured its first major airline deal in 1997.
The 1997 deal significantly expanded its presence in the travel industry.
The founders aimed to use advanced analytics for pricing and revenue management.
The early years of PROS were marked by the establishment of its core business and a significant expansion into the travel sector with a major airline deal in 1997. This period was instrumental in validating the company's pricing optimization software and building its initial customer base. While specific details regarding founder equity, vesting schedules, or early exits are not publicly disclosed, the founding team's strategic vision to leverage advanced analytics laid the groundwork for the company's evolution into an AI-powered solutions provider. Understanding the Target Market of PROS is key to appreciating the impact of these early foundational steps.
PROS was founded by a team including Dr. Ron Mittelstaedt, Mariette Mellinghaus, and Ed Thompson, with Ron and Mariette Woestemeyer also noted as founders. Initial capital was self-funded by the founders and their networks, with no public disclosure of early equity splits.
- Founding Year: 1985
- Founding Location: Houston, Texas
- Initial Funding: Founders and their networks
- Key Early Deal: Major airline contract in 1997
- Core Vision: Leverage advanced analytics for pricing and revenue management
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How Has PROS’s Ownership Changed Over Time?
The ownership structure of PROS Holdings, Inc. underwent a significant transformation with its Initial Public Offering (IPO) in June 2007. This event marked the company's transition to public trading, subsequently leading to a notable increase in institutional investor participation.
| Investor Type | Percentage Ownership (Approx. Q1 2025) | Value (Approx. Q1 2025) |
|---|---|---|
| Institutional Investors | 95.22% | N/A |
| Insider Ownership | 4.56% | N/A |
Following its IPO, PROS Holdings, Inc. has experienced substantial shifts in its shareholder base, with institutional investors becoming the primary holders of the company's stock. As of August 2025, these entities collectively own approximately 94.27% of PROS shares. This trend underscores the significant influence of institutional capital on the company's strategic direction, particularly its focus on AI-powered SaaS solutions. Understanding the Growth Strategy of PROS is closely tied to these ownership dynamics.
Major institutional investors play a crucial role in PROS company ownership. These entities hold substantial stakes, influencing the company's governance and market perception.
- Vanguard Group Inc. held 5,847,056 shares valued at approximately $111,269,000 as of Q1 2025.
- BlackRock, Inc. is another significant institutional investor.
- Other notable investors include Alyeska Investment Group, L.P., Brown Advisory Inc., Nuveen LLC, State Street Corp, and Disciplined Growth Investors Inc. /mn.
- Nuveen LLC notably acquired a new position of 1,255,554 shares valued at around $23,893,000 in Q1 2025.
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Who Sits on PROS’s Board?
As of March 28, 2025, PROS Holdings, Inc. is overseen by a Board of Directors comprising 10 members. This board operates on a staggered, three-year term system, divided into three classes. The leadership is headed by Mr. William Russell, the independent non-executive chairman, who has been a director since 2008.
| Director Name | Role | Independence Status (as of Dec 31, 2024) | Joined Board |
|---|---|---|---|
| William Russell | Independent Non-Executive Chairman | Independent | 2008 |
| Jeff Cotten | President, Chief Executive Officer, Director | Not Independent (CEO) | June 2025 |
| Katie May | Independent Director | Independent | 2025 |
| John Strosahl | Director | Independent | 2024 |
| [Other 6 Directors] | Director | Independent | [Various Dates] |
The voting power within PROS Holdings, Inc. is anchored by its common stock. As of the record date of March 12, 2025, there were 47,796,522 shares eligible to vote, indicating a straightforward one-share-one-vote structure. This system means that PROS company ownership is directly tied to the number of shares held. While there haven't been any publicly announced proxy battles or activist investor campaigns, the company's 2025 annual meeting of stockholders, held on May 8, 2025, saw key decisions made. Shareholders voted on the election of directors and approved amendments to the 2017 Equity Incentive Plan, which included an increase in the number of authorized shares. This move could potentially impact future PROS company ownership structures and dilution. Understanding the current ownership structure of PROS is crucial for assessing its strategic direction and how PROS company ownership affects its strategy.
The majority of PROS Holdings, Inc. directors are independent, ensuring robust oversight. Shareholder decisions at the 2025 annual meeting highlight the importance of equity plans in managing PROS company stock and potential ownership changes.
- 10 members on the Board of Directors as of March 28, 2025.
- All directors, except the CEO, were deemed independent as of December 31, 2024.
- Board committees are composed entirely of independent directors.
- 47,796,522 shares were entitled to vote as of March 12, 2025.
- Shareholders approved amendments to the 2017 Equity Incentive Plan.
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What Recent Changes Have Shaped PROS’s Ownership Landscape?
PROS Holdings, Inc. has seen significant leadership transitions and a stable institutional ownership structure in the past 12-18 months. The company is preparing for a new era with a new CEO, while maintaining strong financial performance and a high percentage of institutional backing.
| Key Development | Details | Date/Period |
| CEO Transition | Andres Reiner, President and CEO since 2010, planned retirement. Jeff Cotten named successor, effective June 2, 2025. Reiner to serve in advisory role. | June 2025 |
| Financial Performance | Q2 2025 Total Revenue: $88.72 million (8.2% YoY increase). Full Year 2024 Subscription Revenue Growth: 14%. | Q2 2025, FY 2024 |
| Financial Outlook | Full Year 2025 Total Revenue Projection: $360 million - $362 million. Adjusted EBITDA Projection: $42 million - $44 million. | FY 2025 |
| Insider Transactions | Director Timothy V. Williams sold shares in May 2024 (pre-planned). Former CEO Andres Reiner made an insider purchase of 15,000 shares within the last year. | May 2024, Prior to July 2025 |
| Ownership Structure | Institutional Ownership: 93.29% as of June 2025. | June 2025 |
| Analyst Outlook | Analysts predict PROS Holdings will achieve profitability in 2025. | 2025 |
The ownership of PROS Holdings, Inc. is predominantly held by institutional investors, indicating a strong vote of confidence from the financial community. This high level of institutional ownership, standing at 93.29% as of June 2025, suggests that major financial entities are significant stakeholders in the company's future. Understanding who owns PROS is crucial for assessing its strategic direction and stability.
Jeff Cotten is set to take over as President and CEO on June 2, 2025, succeeding Andres Reiner. This transition aims for a smooth handover, with Reiner continuing in an advisory capacity.
The company reported robust revenue growth, with Q2 2025 revenue reaching $88.72 million. Full-year 2025 revenue is forecasted between $360 million and $362 million, with profitability expected.
Recent insider transactions include a share sale by director Timothy V. Williams and a purchase by former CEO Andres Reiner. These activities provide a glimpse into executive confidence and portfolio management.
With 93.29% institutional ownership as of June 2025, the PROS company ownership structure is heavily influenced by investment funds and large financial institutions. This concentration of ownership often signifies stability and a focus on long-term value creation.
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- What is Brief History of PROS Company?
- What is Competitive Landscape of PROS Company?
- What is Growth Strategy and Future Prospects of PROS Company?
- How Does PROS Company Work?
- What is Sales and Marketing Strategy of PROS Company?
- What are Mission Vision & Core Values of PROS Company?
- What is Customer Demographics and Target Market of PROS Company?
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