Infor invests $25 mn in retail cloud provider Predictix

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Infor invested $25 million in predictix, a retail cloud provider.

Under the partnership, Infor will become a reseller of Predictix, deploying, managing, and supporting the applications for customers in the Infor cloud.

Moreover, Infor will infuse Predictix into development of Infor CloudSuite Retail, a new suite of enterprise applications delivered in the cloud in collaboration with Whole Foods Market, a mutual Infor/Predictix customer.

“Infor and Predictix sit at the intersection of cloud, analytics, and self-service and this partnership will only accelerate our joint mission to change the retail landscape,”  said Duncan Angove, President of Infor.

Atlanta-based Predictix had seen more than 40 percent growth in SaaS subscriptions in 2015 and counts 5 of the top 15 global retailers as customers, managing more than $60 billion in weekly forecasts.

LogicBlox, the company’s technology platform underlying all Predictix applications, revolutionizes the development of next-generation predictive and prescriptive applications, and has attracted funding from DARPA, the Defense Advanced Research Projects Agency.

Arya MM

[email protected]

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