Profitect Announces Motorola Solutions Investment
WALTHAM, MA and SCHAUMBURG, IL -- (Marketwired) -- 04/28/14 --
Profitect, a profit amplification solutions provider, announced today
an investment by Motorola Solutions, Inc. (NYSE: MSI) 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."
The Profitect software solution uses pattern
analytics to identify revenue reducing activities, and integrated
task management provides timely, detailed, and guided actions to
resolve the issue. Improvements to the top and bottom line are
continuously measured, ensuring sustainability across the business.
About Motorola Solutions
Motorola Solutions is a leading provider of
mission-critical communication solutions and services for enterprise
and government customers. Through leading-edge innovation and
communications technology, it is a global leader that enables its
customers to be their best in the moments that matter. Motorola
Solutions trades on the New York Stock Exchange under the ticker
"MSI." To learn more, visit www.motorolasolutions.com. For ongoing
news, please visit our media center or subscribe to our news feed.
About Motorola Solutions Venture Capital
Motorola Solutions Venture
Capital is the strategic equity investment arm of Motorola Solutions.
Its diversified portfolio is focused on "new-idea" companies and
opportunities that complement Motorola Solutions' business strategy.
Motorola Solutions Venture Capital invests at all stages in
developing companies to accelerate access to new technologies, new
markets and new talent. For more information, please visit
MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks
or registered trademarks of Motorola Trademark Holdings, LLC and are
used under license. All other trademarks are the property of their
respective owners. Copyright2014 Motorola Solutions, Inc. All rights
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