Archive for October, 2009

Quantum Retail’s Vicki Raport selected as Entrepreneurial Winning Woman 2009

by Quantum Retail • October 26th, 2009 • Write a comment »

Vicki Raport is recognized as 1 of 9 women nationally by Ernst and Young for their Entrepreneurial Winning Women Program for 2009

MINNEAPOLIS, MN, October 26, 2009 – Quantum Retail Technology, a leading innovator of inventory management software systems for the retail industry, today announced that co-founder Vicki Raport was one of nine female entrepreneurs selected to participate in the Ernst & Young Entrepreneurial Winning WomenTM program designed to accelerate the growth of high-potential businesses founded by women entrepreneurs. The winners were selected from a competitive list of women entrepreneurs residing across the US by a diverse group of independent judges.

As a winner of the program, Raport will receive complementary participation in the Ernst and Young Strategic Growth Forum, which takes place November 11-15, 2009 in Palm Springs, CA. The Strategic Growth Forum, dubbed by Forbes.com as one of the “Seven Get-Ahead Executive Retreats,” is a prestigious gathering of high-growth, market-leading companies. More than 1,300 leaders of the nation’s most successful companies, along with investors and advisors, gather with exemplary entrepreneurs to share growth strategies and discuss current economic challenges.

In addition to participation in the Strategic Growth Forum, the Entrepreneurial Winning Women will take part in a customized program designed to build and foster critical relationships, enhance leadership skills and expand business know-how.

“I feel very privileged to have been recognized alongside such an impressive group of female business leaders,” commented Raport. “Everyone at Quantum has worked extremely hard these past few years to make not only us, but the retailers we work with as successful as possible, and this award is a fantastic acknowledgement of that effort.

Quantum Retail creates and delivers advanced software solutions to solve the demands of modern retailing. The company’s proprietary inventory management solutions quickly optimize forecasting and advanced order planning, replenishment and allocation, and assortment and product range planning activities. With its customers typically achieving significant and measurable return on investment within six months of implementation, Quantum enables large retailers to improve the performance of every product at every store to drive sales and profits, increase service levels and release working capital. In 2009, Inc. magazine ranked Quantum Retail the eleventh fastest-growing, privately-owned software company– with a three-year growth rate of 963.4%.

“Experienced role models and access to business-building networks are critical for women entrepreneurs looking to accelerate their company’s growth and success,” said Maria Pinelli, Americas Director, Strategic Growth Markets, Ernst & Young LLP. “Through the Ernst & Young Entrepreneurial Winning WomenTM program, we aim to give outstanding female entrepreneurs the tools and networks they need to grow their businesses.”

The Ernst & Young Entrepreneurial Winning WomenTM program is conducted in collaboration with several women’s entrepreneurship organizations including the Women’s Presidents Organization, Women’s Business Enterprise National Council, Babson College and its Center for Women’s Leadership, Wharton School of The University of Pennslyvania and the Committee of 200.

For more information on the competition, visit: Ernst and Young.


About Quantum Retail Technology, Inc.

Quantum Retail has created a revolutionary merchandise optimization system, called Q, that aligns the art and science of modern retailing to the challenges of the 21st Century. Every Quantum Retail customer has achieved 100% return on investment in less than 6 months.


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Quantum Retail Technology ranked 17 in the 2009 Fast 50

by Quantum Retail • October 23rd, 2009 • Write a comment »

MINNEAPOLIS | ST.PAUL BUSINESS JOURNAL OCTOBER 23, 2009 – Perhaps it shouldn’t be surprising that Quantum Retail Technology Inc. has grown quickly since it launched in 2005. After all, the founders of the Minneapolis-based inventory management software firm cut their teeth working for a similar company.

That company was Retek Inc., which in 2005 was acquired by Redwood Shores, Calif.-based Oracle Corp. to become the software giant’s retail division. After Retek was bought, some company officials began discussing what they planned to do next. They came to realize that large retailers were still underserved when it came to inventory management software.

“We came out of the retail software industry having worked with somewhere in the neighborhood of 150 of the top 200 retailers in the world between all the founders of [Retek],” said Vicki Raport, co-founder and CEO of Quantum Retail.

“When we decided we wanted to see if there was an opportunity in the market for us to do something different, we laid out the problems retailers are facing and what we can do to help them.”

The founders of Quantum Retail recognized that retailers struggle to maintain customer loyalty, diversify store formats and maintain the right mix of products. To maximize profitability, retailers need better tools to help them manage inventory, Raport said.

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