Infor Acquires Predictix, Expands its Retail Business Unit Into Europe

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Infor is gaining a new ally and providing more solutions for global retailers.

The business applications provider announced Tuesday its acquisition of Predictix, a company that provides cloud-native, machine-learning and predictive solutions for retailers. Predictix’s applications claim to help retailers solve problems with next-generation data science and big data analytics.

Six months ago, Infor invested $25 million in Predictix, became a Predictix reseller and infused Predictix into the development of Infor CloudSuite Retail, a cloud-based retail management solution that supports all types of retailing on a global scale, including brick-and-mortar, mobile and online.

“The synergies between Infor and Predictix were greater than we could have hoped, and we’ve come to appreciate a great cultural alignment where both teams have passionate people who work hard and want to make a difference in retail and beyond,” Infor CEO Charles Phillips said.”Buying out the other Predictix investors makes sense to bring the teams together and provide the scale and resources needed to accelerate the retail revolution.”

Predictix also helps Infor enhance Cloud Suite Retail with modules that support demand forecasting, merchandise financial planning, assortment planning/category management, network flow optimization and allocation and markdown optimization.

In addition, Infor will benefit Predictix with its innovative retail software and business strategy tools.

“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,” Predictix CEO Molham Aref, said. “Becoming part of Infor will further accelerate our retail revolution by providing scale and integrating two teams that sit at the intersection of cloud, analytics, machine learning, and self-service.”

Infor’s acquisition of Predictix is timely with the company’s growth incentives as it plans to expand its retail business unit into Europe. To date, more than 1,500 retail and fashion customers in Europe use Infor, including Carrefour, Christian Louboutin and Schiesser.