PROS Completes SOC2, HIPAA, U.S.-European Union Safe Harbor Certifications for Internal Security Controls, Compliance

HOUSTON, July 31, 2015 – PROS^® (NYSE: PRO), a big data software company, today announced it has again successfully completed the Statement on Standards for Attestation Engagements (SSAE) No. 16 SOC2 Type II independent annual audit. PROS has also certified compliance with both the U.S. Health Insurance Portability and Accountability Act (HIPAA), and U.S.-European Union (EU) Safe Harbor program. These recognized standards underscore the company’s commitment to security and privacy, and to helping customers outperform with smart applications delivered in the cloud.

“We are pleased to once again certify our cloud data security and privacy capabilities against multiple international standards,” said PROS Vice President of Cloud Operations and Customer Support Henry Tran. “Our long-standing commitment to data security is a key part of our cloud strategy, further ensuring that customers can safely access our market-leading smart applications in the cloud. We will continue to invest in the highest standards of data security and privacy.”

SOC2 provides a broad set of trust service principles that specifically address security for service organizations and requires an independent review of evidence that shows consistent compliance. PROS SOC2 Type II audit provides independent validation that PROS control objectives met or exceeded the stringent standards or expectations specified by the American Institute of Certified Public Accountants (AICPA) Criteria for both security and confidentiality.

PROS customers who are required to comply with HIPAA-regulated information can be confident in the company’s security and privacy of protected health information. The HIPAA rules require companies that have access to this data maintain and secure protected health information on behalf of a HIPAA-covered entity.

PROS has also completed the certification process for compliance with the U.S.-EU Safe Harbor Framework. The EU’s Directive on Data Protection prohibits transfer of personal data to non-EU countries that do not meet the EU “adequacy” standard for privacy protection. The U.S.-EU Safe Harbor program was developed to bridge the differences between U.S. and European privacy laws.

To learn more about these certifications, visit the PROS website.

About PROS

PROS Holdings, Inc. (NYSE: PRO) is a big data software company that helps customers outperform in their markets by using big data to sell more effectively. We apply years of data science experience to unlock buying patterns and preferences within transaction data to reveal which opportunities are most likely to close, which offers are most likely to sell and which prices are most likely to win. PROS offers cloud solutions to optimize sales, pricing, quoting, rebates and revenue management across more than 40 industries. PROS has completed over 800 implementations of its solutions in more than 55 countries. The PROS team comprises more than 1,000 professionals around the world. To learn more, visit www.pros.com.

Forward-looking Statements

This press release contains forward-looking statements, including statements about the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS historical experience with CPQ software and its current expectations of the benefits of CPQ software for organizations that implement and utilize such software. Factors that could cause actual results to differ materially from those described herein include the addressability of an organization’s CPQ needs and the risks associated with the implementation and maintenance of CPQ software such as PROS software products. Additional information relating to the uncertainty affecting the PROS business is contained in PROS filings with the Securities and Exchange Commission. These forward-looking statements represent PROS expectations as of the date of this press release. Subsequent events may cause these expectations to change, and PROS disclaims any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise.

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Media Contacts: 

James Garber
pros@marchcomms.com
617-960-9875

Sheila Watson
swatson@pros.com
713.335.5287