Predictix Enjoys 50% Year-Over-Year Growth As Cloud Computing Reaches The Tipping Point In Retail

Predictix recently reported that the company achieved 50 percent year-over-year growth in 2010, as leading retailers, wholesalers and brands in the U.S. and Europe deployed Predictix applications at a record pace. Nearly 30 rollouts of Predictix cloud-deployed applications have been completed or are currently underway at clients representing nearly $200B in revenues and more than 30,000 retail locations.

Predictix offers the industry's only cloud-based merchandising software suite, enabling retailers, wholesalers and brands to make better forecasting, assortment, planning, pricing and replenishment decisions. The company is showcasing its solutions at booth #245 at the NRF Convention and Expo, January 10 and 11, 2011.

Cloud computing goes mainstream in retail
The strong growth enjoyed by Predictix underscores the fact that cloud computing has reached the tipping point in retail. In a recent Gartner report, "Competitive Landscape: Retail Software, Transforming the Business in 2010 and Beyond," research vice president Jeffrey Roster wrote, "The rapid emergence of cloud computing may be the biggest development to have hit the software industry in the past 20 years."¹

The experience of Predictix clients, 85% of which are multi-billion dollar Tier 1 retailers, bears this out. Retailers are increasingly forgoing the expensive up-front investments, lengthy implementations, rigid solutions, and long-term lock-in associated with traditional enterprise software. In sharp contrast to those traditional solutions, Predictix cloud-delivered software offers best-in-class merchandising applications combined with agile delivery, long-term flexibility, and the on-demand access to unlimited computing resources that only the cloud can provide.

The cloud also translates into better results for Predictix clients. Since Predictix was designed expressly for the cloud, the range of analyses that can be applied to the most complex retail questions has been vastly expanded. The exceptional performance and scalability of Predictix science has also been shaped by a team that includes world-class researchers at 18 leading universities worldwide. As a result, Predictix software consistently outperforms competitors in head-to-head, real-world tests across every retail vertical, producing 30-50 percent more accurate forecasts.

Driving results at leading retailers, wholesalers and brands worldwide
A growing number of leading companies worldwide are choosing Predictix solutions to improve merchandising decisions and drive bottom-line results. Highlights from new clients in 2010 include:

For a 2010 STORES Top 10 retailer, more accurate promotional forecasts from Predictix, delivered over the cloud and seamlessly integrated with its legacy systems, equal a payback time measured in days, and an ongoing return on investment measured in millions of dollars a month.

A leading 2010 STORES Top 50 specialty retailer is changing its approach to merchandise financial, item and store planning, replacing its traditional planning systems with Predictix to benefit from its agility and the ability to adapt its solutions rapidly to meet constantly changing market needs.

A 2010 STORES Global Powers of Retailing Top 10 UK retailer is achieving higher service levels with an optimal level of inventory investment by managing and planning these investments accurately for every SKU, every store and every week. Rolled out in just four months, Predictix Safety Stock Optimization is also helping this leading retailer get more value out of its legacy replenishment system.

A leading UK retailer is rolling out Predictix Planning to gain the agility to review critical performance data each week, determine what adjustments are needed in order to meet financial targets, and instantly adjust its merchandise plans to better meet its corporate objectives.

A leading apparel brand will gain new insight into demand throughout its client base at the store and SKU level, allowing the company to understand and recommend the right product mix for each store, reducing overstocks, improving sell-through, eliminating stock-outs, and increasing margins.

"Predictix has seen widespread validation of our technology and solutions in 2010, and we expect strong growth again in 2011," said Molham Aref, CEO, Predictix. "Predictix is well positioned to continue taking advantage of the momentum in cloud computing, leveraging this fundamental shift in technology and our unique solutions to deliver extraordinary value to the world's best retailers, brands and wholesalers."

About Predictix
Retailers, wholesalers and brands make better forecasting, planning, assortment, pricing, and replenishment decisions with the Predictix merchandising software suite. Our clients get started quickly and see value early, thanks to our cloud-based solutions and our agile approach to delivery. Our predictive technology is more accurate and drives better decisions in today's changing environment. Building on our executive team's experience in leading well-known retail technology companies, we've developed our software from the ground up so our clients can completely tailor and readily adapt it as their business needs change. With no hardware to buy, software to install, or long-term commitments to make, we are changing the way our clients invest in and get value from technology. For more information, visit www.predictix.com.

1"Competitive Landscape: Retail Software, Transforming the Business in 2010 and Beyond," Dec. 2, 2010, Jeffrey Roster, Research Vice President, Gartner.

SOURCE: Predictix