Quantum Retail Names Steven M. Buege as Chief Executive Officer

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MINNEAPOLIS, January 8, 2013 – Quantum Retail Technology, Inc., an innovative supply chain management and merchandise optimization provider, today announced the appointment of Steven M. Buege as Chief Executive Officer of the company.

Buege is an accomplished senior executive with a successful record of leading global technology-based businesses, driving revenue and profit growth, strategy development and implementation, and overall execution and scalability. He has more than 25 years experience in software, professional services, and online content including senior executive positions with large publicly held companies, fast-growing private equity portfolio companies, and as an independent management consultant.

Prior to joining Quantum, Buege served as Executive Vice President of Operations and Chief Technology Officer at Ascend Learning, a leading provider of online education services. From 2006 to 2010, Buege was President and Chief Executive Officer for Elite, a global business unit within the $13 billion Thomson Reuters Corporation, which provides enterprise software and services to top law firms around the world. Before that he held several other executive posts throughout Thomson Reuters including President and Chief Executive Officer of the Business Intelligence Services unit, and Chief Technology Officer of the $3.5 billion global legal division.

“His values and vision reflect those of Quantum Retail and we are confident that his multidimensional skillset will improve alignment across the business and will ultimately benefit our culture, employees, partners and customers.”

“Steve brings an outstanding background and energy to our company,” stated Morgan Day, CTO and board chairman, Quantum Retail. “With his leadership and expertise, he will provide strategic and operational excellence to help us build on our success and our forward-looking direction in the retail industry. His values and vision reflect those of Quantum Retail and we are confident that his multidimensional skillset will improve alignment across the business and will ultimately benefit our culture, employees, partners and customers.”

Buege will be responsible for all company operations worldwide and is also joining the company’s Board of Directors effective immediately. He is relocating from Manhattan Beach, California and will be based in Minneapolis.

About Quantum Retail Technology, Inc.

The market is asking new questions. You need new answers. Q answers the new questions facing retailers today with solutions that enable them to profitably buy, move and sell merchandise, solving the most complex and costly problems they face – quickly and permanently. 

Q is the answer for: Assortment and Range Planning – Forecasting and Order Planning – Replenishment and Allocation.

For more information visit http://quantumretail.com. Follow Quantum Retail on Twitter and on LinkedIn.

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