Infor invests $25M in Predictix in exchange of shares
Infor, an Atlanta based CRM, enterprise asset management (EAM) and solutions provider has invested in a partnership worth $25 million in Predictix which facilitates cloud solutions for omni-channel retail experience. This gives Infor a minority stake in the company.
“Infor and Predictix share a passion for delivering cutting-edge solutions to our clients,” said Molham Aref, CEO of Predictix. “Infor brings a rare combination of global scale, design thinking, and entrepreneurial spirit that is a great match for our next-generation technology and solutions,” he added.
The company will resell Predictix applications to its customers as a part of Infor CloudSuite Retail, and in turn Predictix customers will benefit from the expertise of Infor’s Hook & Loop agency.
The two will also collaborate to leverage the company’s LogicBlox Platform to build cloud-native applications.
“Predictix has shown how next-generation technology can drive transformational value at some of the world’s largest retailers,” said Duncan Angove, President, Infor.
“We were also impressed by the LogicBlox Platform, which underlies the Predictix applications and has attracted DARPA funding for its fundamental innovation.”In another partnership, Infor tied up with management and consulting firm, Kurt Salmon. Kurt Salmon plans to leverage its industry expertise and thought leadership to work with retailers on implementing a solution that is specific to their needs, including solutions that address help in engaging hyper-connected consumers.