This press release was issued by Profitect Inc. prior to its acquisition by Zebra Technologies on June 3, 2019.
BURLINGTON, MA – December 13, 2017 – Profitect Inc., the leading prescriptive analytics provider for retail, wholesale, and the CPG industry, today announced that Governor Charlie Baker will be joining the company in celebrating its new office headquarters on Friday, December 15 at 4:00 pm. The new office space was secured to support the company’s second consecutive year of 200%+ year over year growth. Profitect is now located at 200 Summit Drive, Burlington, MA and the celebration on December 15th will take place from 4:00 – 8:00 pm ET.
In addition to overall revenue growth, in the last 12 months, Profitect has had a triple-digit increase in staff across the company’s global offices. Based out of its Massachusetts headquarters alone, the company added both Executive and junior roles within marketing, engineering, sales, data operations, and customer success. Appetite for Profitect’s award-winning prescriptive analytics solutions has been a key driver for recruiting talent.
“Massachusetts is home to a nation-leading innovation economy because of successful companies like Profitect who continue to hire and grow inside the Commonwealth,” said Governor Charlie Baker. “We were pleased to recently award Profitect and several other technology and manufacturing companies with support through the Workforce Training Fund Program to train workers with the requisite skills to fill needed job openings.”
Profitect is hosting an office opening celebration for its employees, family members, customer base, and partners. Details include:
WHO: The Honorable Governor Charlie Baker & Profitect friends and family
WHAT: Profitect Office Opening Celebration
WHEN: December 15, 4:00 – 8:00 pm ET.
WHERE: New Profitect Burlington Headquarters – 200 Summit Drive, Burlington
“This has been another tremendous year for Profitect and I couldn’t think of a better way to honor this achievement than with a grand opening celebration surrounded by those who have made it happen including the Honorable Governor Charlie Baker,” said Guy Yehiav, CEO, Profitect. “This expansion is further validation that our retail and CPG customer base is realizing exceptional value and ROI by leveraging our solutions to truly understand and act on their data.”
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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