Profitect Continues to Expand Massachusetts Office
Profitect planning to hire an additional 20%
Waltham, MA — December 5, 2013 — Profitect, an Israeli founded company
headquartered in Waltham, MA, announced today the continued expansion of its
Massachusetts office.
The
profit-amplification solution provider for retailers is looking to increase
its workforce by at least 20% in 2014, with a focus on hiring in research &
development and professional services to support increased demand from US and UK
retailers.
“Our customers come first. As demand for our solution increases we will continue
to expand in order to best serve them and more efficiently meet their needs,”
said Guy Yehiav, CEO, Profitect. “The State of Massachusetts and Israel have a
healthy, mutually beneficial business relationship, bolstered by Governor Deval
Patrick’s continued efforts to strengthen business ties between the state of
Massachusetts and Israeli companies.”
This announcement was featured at MassChallenge in Boston, which was an event
with Massachusetts Governor Deval Patrick and Massachusetts and Israeli Business
Leaders. At the event the New England Israel Business Council released the
finding of a new study that describes the multi-billion dollar impact of
Israeli-founded companies on the Massachusetts economy, and the extraordinary
spirit of collaboration and innovation between Massachusetts and Israel. A
whitepaper that details the research findings, titled “The Massachusetts-Israel
Economic Relationship, 2nd Edition” is available at
www.neibc.org.
About Profitect
Profitect’s
Profit Amplification software, a pattern-seeking solution, enables retailers
to quickly realize increased revenue and reduced costs across the entire retail
supply chain. Profit Amplification pattern-seeking algorithms can “tell a story”
by identifying the root cause of anomalies such as inventory distortion,
on-shelf availability, shrink/waste/damage, or process non-compliance – helping
retailers minimize the effort necessary to identify controllable factors which
the solution translates into action. As a result, retailers can move quickly to
prevent profit leakage at all levels of the organization, ultimately improving
business processes and the top and bottom line.
Media Contact:
Michele Horowitz
pr@profitect.com
+1-781-290-0009
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