PROS Holdings Inc. announced an agreement to be acquired by Thoma Bravo, with PROS shareholders set to receive $23.25 per share in cash. This price represents a premium of approximately 41.7 percent over PROS' closing share price on September 19, 2025, and a 53.2 percent premium to the company's 30-day volume weighted average share price ending the same date. Following the expected close of the transaction in the fourth quarter of 2025, Thoma Bravo plans to operate PROS' travel business as a standalone platform investment, while combining PROS' B2B segment with Conga, an existing Thoma Bravo portfolio company. The companies highlighted plans to accelerate growth in the travel sector and enhance AI-powered pricing and selling solutions through the combination of PROS' and Conga's capabilities. The announcement was made by PROS Holdings Inc. and Thoma Bravo.