Infor, an enterprise software vendor, has invested $25 million in cloud-based retail analyst Predictix. This partnership will give Infor a small stake in Predictix with the opportunity to purchase the company in full.
With this investment, Infor will become a reseller of Predictix. This will allow the company to deploy, manage and support its big data analytics applications for customers in the Infor cloud. Infor will also infuse Predictix into the development of Infor CloudSuite Retail, a cloud-based management suite built for Whole Foods Market, a mutual customer.
“Predictix is a company that shares our belief that modern technology can power a generational shift in retail software, and has delivered true innovation to merchandising and assortment management,” said Duncan Angove, President of Infor in a statement. “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.”
In addition, Infor has partnered with Kurt Salmon, a global management-consulting firm, to bring retail solutions to the social and digital age.