Oracle Buys Pricing Optimization Company

Posted in: Technical Track

Oracle is upping the ante in the retail applications space. The company has just announced it will acquire ProfitLogic, a privately held company that develops mathematically intensive analytic software to help retailers determine optimum product pricing. This is Oracle’s second move into the retail arena after winning a bidding war with SAP in March for retail applications leader Retek.

“This places Oracle as the leader in retail profit optimization,” said Tom Madigan, VP of Oracle Retail Solutions. Approximately 1,900 customers use the combined Oracle/Retek/ProfitLogic stack. Terms of the deal were not disclosed.

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As Pythian’s Chief Executive Officer, Paul leads this center of excellence for expert, outsourced technical services for companies whose systems are directly tied to revenue growth and business success. His passion and foresight for using data and technology to drive business success has helped Pythian become a high-growth global company with over 400 employees and offices in North America, Europe, and Asia. Paul, who started his career as a data scientist, founded Pythian when he was 25 years old. In addition to driving the business, Paul is a vocal proponent of diversity in the workplace, human rights, and economic empowerment. He supports his commitment through Pythian’s hiring and retention practices, his role as board member for the Basic Income Canada Network, and as a supporter of women in technology.

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