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Fly News Breaks for December 29, 2015
CRM, PRO
Dec 29, 2015 | 07:32 EDT
Pacific Crest believes that Salesforce's (CRM) acquisition of SteelBrick provides further evidence of strong demand for Configure Price Quote, or CPQ, creating a positive read through for PROS (PRO), The firm says that SteelBrick is unlikely to compete with PROS in the near-term, as the two companies have a different customer base and value proposition. Pacific Crest keeps a $30 price target and Overweight rating on PROS.
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