0001392972-14-000084.txt : 20141027 0001392972-14-000084.hdr.sgml : 20141027 20141027160115 ACCESSION NUMBER: 0001392972-14-000084 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141027 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20141027 DATE AS OF CHANGE: 20141027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROS Holdings, Inc. CENTRAL INDEX KEY: 0001392972 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 760168604 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-33554 FILM NUMBER: 141174592 BUSINESS ADDRESS: STREET 1: 3100 MAIN STREET STREET 2: SUITE 900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-335-5151 MAIL ADDRESS: STREET 1: 3100 MAIN STREET STREET 2: SUITE 900 CITY: HOUSTON STATE: TX ZIP: 77002 8-K/A 1 form8-kacameleonx102714.htm 8-K/A Form8-K/A Cameleon-10.27.14


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 27, 2014

PROS Holdings, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
 
 
 
 
 
001-33554
 
 
 
76-0168604
(Commission File Number)
 
 
 
(IRS Employer Identification No.)
 
3100 Main Street, Suite 900 Houston TX
 
 
 
 
77002
 
                 (Address of Principal Executive Offices)
 
 
 
 
              (Zip Code)
 
 
 
 
 
 
 
 
Registrant’s telephone number, including area code
(713) 335-5151
 
 
 
 
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))










Explanatory Note
On January 8, 2014 PROS Holdings, Inc. (the "Company") announced the completion of its acquisition of Cameleon Software SA ("Cameleon") pursuant to the Tender Offer Agreement, dated as of October 24, 2013 by and between the Company and Cameleon.
This Amendment on Form 8-K/A ("Amendment") is being filed to amend Item 9.01 of the Current Report on Form 8-K filed by the Company on January 8, 2014 (the "January Form 8-K") as amended on March 24, 2014 (the “March Form 8-K/A”) to disclose additional Cameleon shares purchased by the Company. No other modification to the January Form 8-K or March Form 8-K/A is being made by this Amendment.
Item 7.01. Regulation FD Disclosure.
 
The Company is announcing that the Company now controls more than 95% of Cameleon’s outstanding shares and voting rights as a result of (i) a total of 9,012,893 Cameleon shares and 2,221,644 Cameleon warrants tendered during the initial tender offer period and its extended offering period ended on January 21, 2014; (ii) 550,000 restricted shares controlled by PROS pursuant to liquidity agreements with members of Cameleon management; (iii) 360,595 shares purchased by PROS in the open market during 2014; and (iv) 466,790 Cameleon shares tendered during the second tender offer period ended October 22, 2014. The Cameleon shareholders and warrant holders who tendered during the original tender offer will be entitled to the €0.15 price complement in addition to the €2.05 and €1.33 previously paid for each share and warrant tendered into the original tender offer, respectively.
A copy of the press release associated with this announcement is furnished as Exhibit 99.3 to this Amendment.  
The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
Item 9.01. Financial Statements and Exhibits
(d)    Exhibits
The following exhibit is furnished as part of this Amendment:

Exhibit No.
 
Description
99.3
 
Press Release dated October 27, 2014




    


2



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
 
PROS HOLDINGS, INC.
 
 
 
 Date: October 27, 2014
 
 
 
 
 
 
 
/s/ Damian Olthoff
     Damian Olthoff
 
 
General Counsel and Secretary


3
EX-99.3 2 exhibit993-pressreleasedat.htm PRESS RELEASE DATED OCTOBER 27, 2014 Exhibit 99.3-Press Release dated October 27, 2014
Exhibit 99.3

PROS Completes Acquisition of Cameleon Software
 
PROS to De-list Cameleon Shares from NYSE Euronext

HOUSTON AND PARIS, Oct. 27, 2014 - PROS® (NYSE: PRO), a big data software company, and Cameleon Software SA (Paris: CAM) today announced PROS has successfully completed its acquisition of over 95% of the outstanding shares and voting rights of Cameleon Software SA.

PROS previously announced a second tender offer for Cameleon on September 15, 2014, at a price of €2.20 per share of common stock of Cameleon.

PROS now controls more than 95% of Cameleon’s outstanding shares and voting rights as a result of 466,790 Cameleon shares tendered during the second tender offer period ended October 22, 2014.

Cameleon shareholders who tendered during the initial tender offer period or its extended offering period ended on January 21, 2014, are entitled to the price complement premium of € 0.15 in cash per share and warrants as a result of PROS controlling more than 95% of Cameleon’s outstanding shares and voting rights before December 31, 2014.

Configure, Price and Quote (CPQ) software streamlines and simplifies the configuration, pricing and quote-generation activities that accompany solutions and negotiated selling. CPQ applications are also deployed to support self-service sales environments, including business-to-consumer (B2C) and business-to-business (B2B). According to Gartner, Inc., price optimization and CPQ are the only two sales effectiveness technologies identified as “transformational” in its report “Hype Cycle for CRM Sales, 2013.” In the same report, both CPQ and price optimization are recognized as being in the early mainstream adoption phase of the market.

PROS plans to request from the Autorité des Marchés Financiers (AMF) the implementation of a mandatory acquisition (squeeze-out) of the remaining shares not held by PROS, and thereafter de-list Cameleon from the NYSE Euronext exchange.

“Today we’ve finalized the acquisition of Cameleon Software, and I’m pleased with the progress we’ve made integrating our organizations and working together as a single team,” said PROS President and CEO Andres Reiner. “The addition of Cameleon CPQ solutions to our portfolio provides customers with the power of a single opportunity-to-revenue platform that enables improved sales performance by leveraging prescriptive guidance, powered by our patented big data science.”


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 29 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 big data solutions to optimize sales, pricing, quoting, rebates and revenue management across more than 40 industries. PROS has completed over 700 implementations of its solutions in more than 55 countries. The PROS team comprises more than 900 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 mandatory acquisition and delisting process, the functionality and benefits of CPQ software to organizations generally, as well as the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS expectations as to the requirements of the AMF for the mandatory acquisition and of the NYSE Euronext for delisting, its historical experience with pricing and big data software and its current expectations of the benefits of pricing and big data software for organizations that implement and utilize such software. Factors that could cause actual results to differ materially from those described herein include changes in the AMF and NYSE Euronext requirements, the addressability of an organization’s pricing and revenue management needs, the risks associated with PROS developing and enhancing products with the functionality necessary to deliver the stated results and the risks associated with the complex implementation and maintenance of pricing and big data 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.
# # #

Media Contact:
Yvonne Donaldson
ydonaldson@pros.com
713.335.5310
Investor Contact:
Staci Strauss-Mortenson
staci.mortenson@icrinc.com
203.682.8273