Infor Acquires Predictix

Infor, a provider of cloud-based, industry-specialized business applications, today announced its acquisition of Predictix, a supplier of predictive solutions to retailers. The buyer’s plan is to integrate Predictix’s data science and Big Data analytics capabilities into its CloudSuite Retail offering. The deal comes six months after Infor announced its initial $25 million investment in the company. Financial terms were not disclosed. Molham Aref, CEO of Predictix, said in a statement that the acquisition will “accelerate our retail revolution”: “The past six months of collaboration between Infor and Predictix has delivered innovation at a pace never seen before in retail software, which is crucial as the industry battles disruption. Becoming part of Infor will further accelerate our retail revolution by providing scale and integrating two teams that sit at the intersection…


Link to Full Article: Infor Acquires Predictix