$200K - $250K
Over the last four years, PROS has successfully transitioned from a predominantly on-premise business to a subscription-based model. While the company's revenues initially decreased in the first two years of the transition due to the financial model shift, the management team has repositioned the company to a cloud-based model to enable more innovation and scalability to achieve the stated goal: $500M in annualized revenue run rate by 2022 (implying 25% CAGR). The transition has been bearing fruit, as PROS surpassed key milestones in its cloud transformation: 100% of net new companies added since 2015 have purchased cloud solutions, revenue growth turned positive again in 2017, and free cash flow breakeven was achieved as expected in 2018. Subscription revenue has grown at 58% CAGR over the last 3 years and recurring revenue represents over 80% of total revenue.
To learn more, visit pros.com.
The Director, Customer Experienc
Valid through: 2020-1-20