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3rd July 2017
Breed Reply, Reply Group’s operational investor for early stage businesses in the Internet of Things (IoT), has boosted its portfolio of fast-growth, innovative businesses, with its 18th investment in a leading company in predictive analytics.
We Predict works primarily with global car manufacturers and suppliers, predicting warranty failure rates and costs. The firm’s complex analytics software uses mathematical and statistical principles, supported by data techniques, to provide valuable information to save customers time and money.
We Predict, with offices in the US and UK, also works in the health sector, delivering predictive analytics to help commissioning decision making in the NHS.
Breed Reply is both funding and providing hands-on support in developing and growing the company across business functions, from general management to sales, marketing and technology. Finance Wales Group, one of the UK’s largest regional SME investment companies, has joined this investment round lead by Breed Reply.
Emanuele Angelidis, CEO of Breed Reply, says: “We’re delighted to welcome on board We Predict. Predictive analytics is a game-changing innovation in operations and financial risk management. We Predict’s solution is already enabling automotive manufacturers to reduce warranty costs and improve efficiency and is applicable to many other industries. We are incredibly impressed with the strong track record and experienced management team of We Predict that have enabled its success so far. We are confident that with our help, we can contribute to the new heights they will achieve.”
Richard Thompson, of Finance Wales Group, adds: “It’s great to be working with Breed Reply again in funding an outstanding company like We Predict.”
James Davies, Director at We Predict, comments: “This is a terrific opportunity for us to scale the business alongside a committed investor which goes above and beyond just offering capital to support our growth plans. Our teams are looking forward to working closely with Breed Reply to take us to the next stage.”