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Infor invests $25 million in cloud-based retail analyst Predictix

January 19, 2016

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Cloud app provider Infor has invested $25 million in data scientist Predictix with a brief to use its powers of analysis to solve the problems troubling modern retailers.

Infor will become a reseller of Predictix, incorporating its applications in the Infor cloud and its CloudSuite offering aimed at the Retail sector. Atlanta-based Predictix had 40% growth in SaaS subscriptions in 2015, has five of the top 15 global retailers as customers and manages $60bn in weekly forecasts. Its technology platform LogicBlox, which underpins all Predictix applications, has attracted funding from DARPA, the US Defense Advanced Research Projects Agency. The Infor cloud has 40 million users.

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