Conga announced today that it has agreed to binding preliminary terms to acquire the B2B business of PROS Holdings, Inc. from investment funds affiliated with Thoma Bravo. The announcement was made via Business Wire on October 2, 2025, and is part of the broader transaction in which Thoma Bravo is acquiring PROS.
Conga expects a definitive agreement on the acquisition to be finalized in connection with the closing of Thoma Bravo’s acquisition of PROS and anticipates that the B2B business transaction will close in the first quarter of 2026, subject to customary conditions and regulatory approvals. The B2B business includes PROS’s configure‑price‑quote and revenue‑management solutions that serve B2B customers.
The combination of Conga’s CPQ, contract‑lifecycle‑management, and document‑automation capabilities with PROS’s AI‑driven pricing and selling platform is intended to create a fully integrated, AI‑powered revenue‑lifecycle platform. The move is expected to broaden Conga’s product portfolio and enhance its ability to deliver end‑to‑end commercial solutions to enterprise customers.
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