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Conga Announces Intent to Acquire PROS B2B Business Following its Acquisition by Thoma Bravo

1. Conga plans to acquire PROS' B2B business from Thoma Bravo. 2. The acquisition is expected to finalize soon, increasing Conga's market position.

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FAQ

Why Very Bullish?

The acquisition could enhance Conga's offerings, potentially increasing demand for PRO's technologies. Similar acquisitions have historically led to improved financial performance for tech companies involved.

How important is it?

The acquisition directly pertains to PRO's core business, enhancing its strategic value and creating potential for future growth.

Why Short Term?

The announcement is likely to drive immediate interest and investment in PRO shares. Previous acquisition news has shown significant price movements within days.

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CNGOTHOMA
BROOMFIELD, Colo.--(BUSINESS WIRE)--Conga, a leader for AI-powered innovation in configure, price, quote (CPQ), contract lifecycle management (CLM), and document automation, today announced it has agreed to binding preliminary terms to acquire the B2B business of PROS Holdings, Inc. (NYSE: PRO) (“PROS”) from certain investment funds affiliated with Thoma Bravo. Conga expects a definitive agreement regarding the acquisition of PROS' B2B business to be finalized in connection with the closing of.

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