PROS to Acquire Cameleon Software for $33M

PROS Holdings

and Cameleon Software

today announced PROS has entered into a definitive tender offer agreement to acquire Cameleon in an all-cash transaction valued at approximately €24 million (U.S. $33 million)1, net of cash acquired. The transaction has been approved by the Boards of Directors of both PROS and Cameleon, respectively on the 22nd and the 24th of October, 2013. Under the terms of the agreement, PROS will commence the proposed tender offer to acquire all the outstanding shares of Cameleon. Key terms of the agreement include the following: PROS offer of €2.05 per share represents a 45% premium on Cameleon's trailing 90-day average