The retail solution compliments Versata’s portfolio of enterprise software assets
October 2, 2015 – AUSTIN, TX – Versata Enterprises, Inc. announced today the acquisition of Minneapolis-based Quantum Retail Technology, Inc. Together with its parent company Trilogy, Inc., Versata is one of the largest privately held enterprise software companies in the world with a strategy of acquiring best-of-breed software solutions that hold the potential for further growth through increased investment and an obsessive focus on customer success.
Quantum Retail specializes in supply chain and inventory optimization solutions for the retail industry. The flagship Q product combines deep retail and merchandising intelligence with a dynamic technology engine that adapts to a retailer’s needs and makes changes based on their requirements and how their customers are behaving.
Quantum will continue to operate as a stand-alone company, and will benefit from Versata’s Customer Success program, a proven method for driving successful customer relationships and alignment of product development investments with customer priorities.
Versata veteran Leela Kaza will assume the role of CEO for Quantum Retail. “I am pleased to welcome the Quantum Retail brand into the Versata family. With its world-class clients and innovative Q products, I am confident that we will create even more value for Quantum Retail customers,” said Kaza.
“This acquisition is really exciting for the business and our customers,” said Quantum Retail co-founder & CEO, Chris Allan. “Versata will really help Quantum to scale and thrive through the success of the customers.”
About the Versata Family of Companies
With a global presence covering 45 countries, Versata solves complex business problems for the world’s largest organizations. Versata distinguishes itself in the software industry by focusing on customer priorities as driven by value delivered. Versata’s market-leading Customer Success Program ensures customer involvement in product decisions and business priorities and provides opportunities for customers to score Versata’s performance against commitments. Versata’s world-class engineering capability ensures substantive and valuable product releases, continuous innovation, and repeatable value propositions.
About Quantum Retail Technology, Inc.
Quantum Retail Technology is the industry’s leading innovator of retail focused supply chain management and inventory optimization solutions designed to increase retailer’s profitability in an increasingly dynamic marketplace. Many of the world’s top retailers are already Quantum clients. For more information visit http://www.quantumretail.com.