Profitect, a Waltham, MA-based provider of amplification solutions, received an investment from Motorola Solutions, Inc. (NYSE: MSI) through its strategic investment arm, Motorola Solutions Venture Capital.
The amount of the investment was not disclosed.
The company intends to use the funds to further its global growth.
Led by Guy Yehiav, CEO, Profitect provides a software solution that uses pattern analytics to identify revenue reducing activities, and integrated task management tools to resolve the issue via detailed and guided actions.
In addition to the financial investment, the two companies will work together to allow retailers and retail-focused value-added resellers to access to Profitect’s platform, which will be integrated in Motorola’s solutions to deliver actionable insights and tasks directly to the in-store managers and associates for action.