ATLANTA--(BUSINESS WIRE)--Predictix, the first and leading cloud-native predictive and prescriptive analytics solution provider for retailers, today announced a strategic partnership with Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud. As a part of this partnership, Infor has invested $25 million in Predictix for a minority stake in the company.
“Infor and Predictix share a passion for delivering cutting-edge solutions to our clients,” said Molham Aref, CEO of Predictix. “Infor brings a rare combination of global scale, design thinking, and entrepreneurial spirit that is a great match for our next-generation technology and solutions.”
Under the agreement, Infor will resell Predictix applications to its customers as a part of Infor CloudSuite Retail, and Predictix customers will benefit from the expertise of Infor’s Hook & Loop creative agency in creating compelling user experiences. Infor and Predictix will also collaborate to leverage the company’s LogicBlox Platform to build cloud-native predictive and prescriptive applications for the broader Infor applications portfolio.
“Predictix has shown how next-generation technology can drive transformational value at some of the world’s largest retailers,” said Duncan Angove, President, Infor. “We were also impressed by the LogicBlox Platform, which underlies the Predictix applications and has attracted DARPA funding for its fundamental innovation.”
Infor joins existing investors Marlin Equity Partners, Kinetic Ventures, and ITC Holding Company. Infor’s announcement of the partnership and investment is available here.
About Predictix
Predictix solutions help its clients, which include 5 of the top 15 global retailers, change the game where it matters most – driving $10s to $100’s of millions in benefits by recommending the assortments customers want; interpreting, forecasting and shaping demand more precisely, and fulfilling the promise of omni-channel retail with cloud-native predictive and prescriptive analytics solutions. Predictix solutions for Merchandise Planning, Assortment and Category Management, Demand Forecasting, Price Optimization and Supply Chain Optimization are changing the way the world’s leading retailers do business.
Learn more at www.predictix.com.
About Infor Retail
Infor has 1,700 fashion and retail customers and has created a dedicated cloud business unit to support the retail industry. This unit comprises some of the best and brightest minds in retail software, with deep experience and understanding of the industry’s unique challenges. Approximately 500 employees are currently focused on the retail industry, including Infor CloudSuite Retail, which is being designed in New York City, infused with data science from Cambridge, Mass., and developed in St. Paul, Minn. Infor also provides leading human resources, financials, customer relationship management (CRM), enterprise asset management (EAM), social collaboration (Infor Ming.leTM), and Infor Analytics to the retail industry. To learn more visit www.inforretail.com.
