Profitect Appoints John Deane to Its Board of Directors

WALTHAM, MA--(Marketwired - April 27, 2016) - Profitect Inc., the leading prescriptive analytics provider for the retail industry, today announced John Deane, Managing Director of Clipper Advisory Group, joined its Board of Directors, effective April 12. Deane brings a unique combination of retail industry and information technology experience to the board and will work closely with Profitect's executive team in driving the company's advancement and global footprint.

"I have worked with Profitect for many years, and truly believe their technology is like no other," said Deane. "I look forward to the opportunity to have an impact on future solution development and go-to-market strategy as part of the team, and I am excited at the possibilities for the brand."

With over 35 years of experience, Deane's focus on advanced analytics aligns directly with Profitect's mission to deliver prescriptive analytics to retailers. His relationship with the Profitect team spans several years, stemming from his time as CIO at Abercrombie & Fitch. Focused on guiding information and technology operations at several global brands, including A&F, Wendy's and Caremark Rx, Deane is uniquely qualified to deliver insight into the needs of Profitect's customers and prospects. As the digital transformation of the retail industry gains momentum, Deane's critical insights will help guide innovation for Profitect as the company continues to enhance its prescriptive analytics offerings.

"John has firsthand knowledge of the inner workings of our solution, along with a wealth of experience from his time spent in the retail industry. We are thrilled to have him join the board," said Guy Yehiav, CEO of Profitect. "His passion for the technology and strategic vision for the organization will guide us down the path to continued growth. We look forward to his direction as we work to address the ever-evolving demands of data analytics -- in the retail industry and beyond."

About Profitect

Since 2012, Profitect has helped companies leverage existing big data investments to identify, resolve, and measure opportunities to transform the business by delivering actionable prescriptive analytics to the right person, at the right time.