This press release was issued by Profitect Inc. prior to its acquisition by Zebra Technologies on June 3, 2019.
BURLINGTON, Mass., January 8, 2019 — Profitect Inc., the leading prescriptive analytics provider for retail and CPG, today announced the company was voted a top software vendor by retailers in 15 categories in RIS 2019 Software LeaderBoard for the second consecutive year. Profitect moved up a position from last year’s report and is now ranked 14th in the LeaderBoard’s esteemed “Top 20 Overall Ranking” out of several hundred software vendors ranked. Profitect also secured Top 10 ranking positions in 14 additional categories including return on investment (ROI), customer satisfaction, technology innovation and overall performance.
“We are honored that our customers once again placed us in the ‘Best of the Best’ list with recognition in this year’s RIS Software LeaderBoard for the second year in a row,” said Guy Yehiav, CEO, Profitect. “Our rankings in the 2019 LeaderBoard are a testament to the value our customers find using our prescriptive analytics solution to create actionable opportunities that drive real results. We will continue providing our customers with measurable benefits and ROI including increased margins, improved sales and better inventory accuracy in 2019 and beyond.”
The annual RIS Software LeaderBoard evaluates leading retail technology vendors and ranks their offerings alongside customer reviews and feedback. Profitect secured top rankings in 15 categories in this year’s Software LeaderBoard; some of these categories include:
- Customer Satisfaction
- Top Vendors
- Leaders in Overall Performance
- Leaders in Total Cost of Operations
- Leaders in Return on Investment
- Leaders in Technology Innovation
- Leaders in Ease of Administration & Maintenance
- Leaders in Quality of Service
- Leaders in Recommendation
- Leaders in Quality of Support
“Congratulations to Profitect for making the coveted Top 20 retail vendors list for the second consecutive year,” said Joe Skorupa, editorial director of RIS News. “The title of this year’s report is ‘The Best of the Best in Retail Technology’ and we feel strongly that the vendors we highlight throughout, such as Profitect, are ahead of the pack in their respective technology within retail. Profitect should be very proud of the results they have achieved and based on the impressive feedback we received from their growing customer base, I anticipate more great things to come from this innovative company in 2019.”
Profitect’s prescriptive analytics solution leverages pattern detection and machine learning to identify opportunities that impact sales and margin. Profitect takes retail and CPG company data and identifies areas for improvement including: inventory accuracy, out of stocks, pricing accuracy, unsellable merchandise, and assortment discrepancies. Profitect customers typically realize a 2-5 percent increase in sales, better consumer experience, 10-15 percent basis point margin improvement, and labor productivity improvement within 6 months.
To learn more about Profitect visit: www.profitect.com
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