Infor invested $25 million in predictix, a retail cloud provider.
Under the partnership, Infor will become a reseller of Predictix, deploying, managing, and supporting the applications for customers in the Infor cloud.
Moreover, Infor will infuse Predictix into development of Infor CloudSuite Retail, a new suite of enterprise applications delivered in the cloud in collaboration with Whole Foods Market, a mutual Infor/Predictix customer.
“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,” said Duncan Angove, President of Infor.
Atlanta-based Predictix had seen more than 40 percent growth in SaaS subscriptions in 2015 and counts 5 of the top 15 global retailers as customers, managing more than $60 billion in weekly forecasts.
LogicBlox, the company’s technology platform underlying all Predictix applications, revolutionizes the development of next-generation predictive and prescriptive applications, and has attracted funding from DARPA, the Defense Advanced Research Projects Agency.