Infor Gains Minority Stake in Predictix With $25 Million Investment

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Infor Gains Minority Stake in Predictix With $25 Million Investment

01/20/2016
Cloud-based retail analytics company Predictix forged a strategic partnership with Infor, the business applications firm. As a part of this partnership, Infor has invested $25 million in Predictix for 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."

Under the agreement, Infor will resell Predictix applications to its customers as a part of Infor CloudSuite Retail, and Predictix customers will benefit from the expertise of Infor's Hook & Loop creative agency in creating compelling user experiences. Infor and Predictix will also collaborate to leverage the company's LogicBlox Platform to build cloud-native predictive and prescriptive applications for the broader Infor applications portfolio.

"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."

Infor joins existing investors Marlin Equity Partners, Kinetic Ventures, and ITC Holding Company.