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United States : Profitect Announces Motorola Solutions Investment

April 29, 2014

Profitect, a profit amplification solutions provider, announced today an investment by Motorola Solutions, Inc. through its strategic investment arm, Motorola Solutions Venture Capital. This investment will be used to further Profitect s global growth in the world of data analytics.

Profitect has a compelling retail-specific pattern-seeking analytics platform that provides highly actionable information from the vast amount of data being collected from stores today, said Reese Schroeder, managing director, Motorola Solutions Venture Capital. The Profitect solution provides data to retailers that allow associates to take immediate, guided action to resolve problems that impact shoppers and profits.

In addition to the financial investment, the two companies expect to work together to allow retailers and retail-focused value-added resellers easier access to the timely, detailed and guided actions identified by Profitect s pattern-seeking analytic solution. With Motorola Solutions industry-leading mobile solutions, Profitect will be able to deliver actionable insights and tasks identified through its intelligent automated analytics ? directly to the in-store managers and associates for action. This integration will power up the profit amplifying impact achieved by retailers, allowing for more efficient and effective top- and bottom-line improvements.

The joint resources brought together by Motorola Solutions and Profitect will benefit our customers by making it easier for them to resolve and execute guided actions as well as keep up with the pace of today s retail environment, said Guy Yehiav, Profitect CEO. With the combination of pattern analytics, like those provided by Profitect, and industry-leading, innovative communications solutions from Motorola, retailers will be able to automatically identify hidden insights and patterns, and use current technology to guide the business user to take action, in plain English rather with than with millions of reports.

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Source: TendersInfo (India)

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