Infor acquires Predictx for retail-focused machine-learning-in-the-cloud

Infor CEO Charles Phillips instigated an initial investment in Predictx earlier this year Business applications specialist Infor is to acquire Predictix, the cloud-based machine-learning services provider targeted at retailers. Terms of the deal have not been disclosed. Predictix uses big data analytics to help retailers analyse some of the most complex challenges they face, and the company will be absorbed into Infor’s CloudSuite Retail, a new suite of enterprise applications delivered in the cloud and targeted at the retail market. Related articles The acquisition comes six months after Infor announced an investment in Predictix.The company, based in Atlanta, Georgia, claims a 40 per cent growth in software-as-a-service subscriptions in 2015, and Infor claims that the company is now growing even faster – at around 60 per cent in 2016, following…

Link to Full Article: Infor acquires Predictx for retail-focused machine-learning-in-the-cloud

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