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Fly News Breaks for December 24, 2015
CRM, PRO
Dec 24, 2015 | 07:19 EDT
William Blair analyst Bhavan Suri views Salesforce's (CRM) acquisition of SteelBrick as a slight negative for PROS Holdings (PROS). The analyst sees potential for increased market recognition of SteelBrick following the buyout to elongate sales cycles as more potential customers evaluate the solution. However, SteelBrick's solution addresses a different segment of the market than PROS, the analyst points out. He does not expect the merger to impact PROS's longer-term growth trajectory and keeps an Outperform rating on the stock.
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