Tech giant will blend cloud-based systems with its own supply-chain management software
Business software provider Infor Inc. said Tuesday it is acquiring Predictix LLC and merging the company’s consumer-demand forecasting technology into its own supply-chain management systems for retailers.
New York-based Infor, one of the world’s largest suppliers of enterprise resource planning, or ERP, software that helps fashion, retail and other companies track the various components of their business, had invested $25 million in Predictix in January.The company is buying out the other investors of Atlanta-based Predictix, which mines data from the internet and other sources to predict demand trends for retailers includingHome Depot Inc. and Whole Foods Market Inc.
The tie-up comes amid growing interest in cloud-based services, or software hosted on remote servers, that allow companies to better manage inventory and orders and to enable communication between different parts of supply chains. This has led to more consolidation as larger business software firms look to smaller niche firms to fill gaps in their services, analysts say.
The acquisition, for an undisclosed amount, follows Infor’s $675 million acquisition in August 2015 of GT Nexus, another provider of cloud-based software for retailers.
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