Infor Invests $25 Million in Retail Cloud Provider Predictix
For their first move in 2016, Infor invested in a $25 million partnership with Predictix, a ground-breaking provider of cloud-native, predictive, and machine-learning solutions for retailers. Predictix will allow Infor to enhance CloudSuite Retail with modules that support demand forecasting, merchandise financial planning, assortment planning, network flow optimization, and allocation and markdown optimization. CEO of Predictix Molham Aref says of the partnership, “Infor will provide Predictix access to the scale and resources of an enterprise software giant with the mentality of a forward-looking, entrepreneurial start-up. Predictix customers will benefit greatly from the cutting-edge work coming out of Hook & Loop, Infor’s internal creative agency that is pushing the boundaries of product design and user experience.”
