We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Zebra acquires prescriptive analytics firm
newsworthy

Zebra acquires prescriptive analytics firm

May 21, 2019
DC Velocity Staff
No Comments

Logistics technology provider Zebra Technologies Corp. plans to acquire Profitect Inc., a provider of prescriptive analytics for the retail and consumer packaged goods (CPG) industries, the companies said today.

Terms of the deal were not disclosed. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2019.

Exciting news this morning! https://t.co/WSqT4jwwFo

— Profitect (@Profitect) May 20, 2019

Burlington, Mass.-based Profitect is a privately-held company that says it uses machine learning and prescriptive analytics to identify opportunities to boost sales and margin. The firm taps into data from across the value chain to improve inventory and pricing accuracy, out of stocks, supply chain inefficiency, unsellable merchandise, and assortment discrepancies.

While Lincolnshire, Ill.-based Zebra is primarily known for its rugged handhelds and mobile computers, Zebra says that adding Profitect's technology, talent, and skillsets will accelerate the development of its Savanna data platform.

The company plans to combine the real-time data captured by Zebra's handhelds with Profitect's access to operational data, machine learning, and prescriptive analytics. That combination is a recipe for giving workers the insights they need to make better, faster, smarter decisions, Zebra said.

"The acquisition of Profitect expands our relevancy deeper and wider in global retail operations while advancing our software capabilities to make our Enterprise Asset Intelligence vision even more accessible," Zebra CEO Anders Gustafsson said in a release. "We have had a strong relationship with Profitect for the past five years through Zebra Ventures, and we are excited to take our strategic investment to the next level by welcoming the Profitect team to the Zebra family."

The acquisition follows the release of a growing number of software platforms moving artificial intelligence (AI) from a theoretical concept to real-world applications in supply chain.

IBM Corp. last week launched Business Transactional Intelligence (BTI), an AI-powered solution that offers anomaly detection and visualization capabilities for mitigating supply chain disruptions and accelerating data-driven decision making.

JDA Software Group Inc. recently introduced the machine learning (ML)-driven Luminate Warehouse Tasking product, saying the platform can intelligently optimize tasks in real time.

And LevaData announced a product called LevaData NPI (New Product Introduction), an extension of its Cognitive Sourcing Platform, which applies AI to generate supply chain insights and actionable guidance to product planning, launch, and introduction teams in enterprise manufacturing companies.

Editor's note: This story was revised on May 22 to include information about JDA's product.

Technology Automatic Data Capture
KEYWORDS IBM JDA Software Group LevaData Zebra Technologies
  • Related Articles

    Zebra Technologies acquires mobile software development firm

    FusionOps launches prescriptive analytics tool

    JDA acquires artificial intelligence firm Blue Yonder

Recent Articles by DC Velocity Staff

Demand for robotic goods-to-person systems to quadruple through 2023

Werner sells off freight forwarding arm to focus on North American logistics business

Panama Canal forms deal to optimize vaccine distribution

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Cold chain giant Lineage Logistics buys its own rail operator

  • Biden names dozens of senior leaders to DOT, including FMCSA and FRA

  • Outlook 2021: What’s in store for logistics supply chain?

  • Cushman & Wakefield Brokers Sale of 170 Acres plus Lease for 1MSF Build-to-Suit for Home Improvement Retailer in Commerce City, CO.

  • Thriving in the long haul: interview with Colin Yankee

Now Playing on DCV-TV

Sick agv demo thumbnail

Optimize Load Handling Tasks with Industrial Mobile Robots

DCV-TV 4: Viewer Contributed
Intelligent sensors detect the presence of goods, check for empty shelves, or the correct alignment on the mobile platform towards the freight. The solutions range from simple detection sensors, thorough measuring devices, and 2D LiDAR sensors.

FEATURED WHITE PAPERS

  • Proven Benefits: A Compendium of Slotting Optimization Success Snapshots

  • Bridging Information Gaps in Dock and Yard Operations

  • How Intelligent Sensor Solutions Turn Data Into Action

  • Order picking Solutions: Understanding Your Options

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing