Profitect

Profitect

Profitect is a Waltham, Massachusetts-based company founded in 2007.

Profitect Inc is a cloud-based software as a service company offering a prescriptive analytics solution to retail and consumer packaged goods (CPG) organizations worldwide. Its customer base includes brands like Abercrombie & Fitch, Sobeys, and Walgreens, among others.

Product

Profitect’s prescriptive analytics uses artificial intelligence, pattern recognition, and machine learning algorithms to analyze its customers' data, identify areas for improvement, and distribute them to an appropriate stakeholder. Each notification includes a description of what was found and how the recipient should respond to it. Notifications may also be accompanied by relevant materials to facilitate resolution, such as links to CCTV footage, photos, or standard operating procedures.

History

In 2012, Profitect began to offer its prescriptive analytics solution to retail and CPG customers.

Profitect’s prescriptive analytics solution was awarded the Retail Industry Leaders Association (RILA)’s Retailers’ Choice Award for three consecutive years, in 2016, 2017, and 2018.

In December 2017, Profitect moved its corporate headquarters to Burlington, Massachusetts.

Customers

Profitect's customer list includes Abercrombie & Fitch, Ahold USA, Ascena Retail Group, Boots UK, DSW, Safeway, Sobeys, Ulta Beauty, and Walgreens, among others.

Timeline

People

Name
Role
LinkedIn

Anas Ahamed

Employee

Aner Gabay

Employee

Annette Gildshtein

Employee

Chinmay Mahajan

Employee

Deborah Weinswig

Advisor

Eric Buatois

Employee

Genady Trifon

Employee

Gil Dibner

Investor

Gil Dror

Employee

Julfikar Ali

Employee

Kelli Woelfel

Employee

Nikhil Swami

Employee

Nimrod Schwartz

Investor

Niv Krikov

Employee

Pavel Kirillov

Employee

Ray Furtado

Employee

Roi Bar-Kat

Investor

Sanchee Kaushik

Employee

Tal Harel

Employee

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