Enterprise software firm Infor is acquiring Predictix LLC and merging the company’s consumer-demand forecasting technology into its own supply-chain management systems for retailers.
Infor had invested $25 million in Predictix in January.
The company is buying out the other investors of Atlanta-based
Predictix, which mines data from the internet and other sources to
predict demand trends for retailers including Home Depot Inc. and Whole
Foods Market Inc.
The acquisition, for an undisclosed amount, follows Infor’s $675
million acquisition in August 2015 of GT Nexus, another provider of
cloud-based software for retailers.
Infor and Predictix said subscriptions to the Predictix analytics
software grew 40 percent last year and have accelerated since Infor’s
initial investment, according to the report.
Wednesday, July 6, 2016
Infor Acquires Retail-Demand Software Firm Predictix
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