The FINANCIAL -- IBM named Profitero the IBM Global Entrepreneur of the Year and winner of its SmartCamp competition for startup companies.

According to IBM, profitero analyzes competitor pricing data, offering retailers new levels of insight to help them maximize profits by adjusting pricing and merchandising strategies.

IBM is working with entrepreneurs around the world to uncover and bring to market innovative new ideas in key growth areas such as business analytics and smarter commerce. As the volume of data on the planet grows, the ability to quickly transform data into insight is critical for success. Profitero represents a new generation of entrepreneurs entering the market with technology designed to capitalize on the big data analytics opportunity

IBM SmartCamps are designed to provide entrepreneurs with the mentoring and insight needed to innovate in their markets. Past participants from IBM SmartCamp competitions have captured the attention of the venture capital community with nearly $50 million in investments, and have expanded to new global markets.

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