Versata Acquires Quantum Retail Technology
Summary
Austin, Texas-based Versata Enterprises, Inc., which invests capital to revitalize software and technology companies, acquired Quantum Retail Technology, Inc., a Minneapolis-based provider of supply chain and inventory optimization solutions for the retail industry.The amount of the deal was not disclosed.Following the acquisition, Quantum will continue to operate as a stand-alone company, and will benefit from Versata’s Customer Success program, a method for improving customer relationships and alignment of product development investments with customer priorities.Versata’s Leela Kaza will assume the role of CEO for Quantum Retail.Led to date by co-founder & CEO Chris Allan, Quantum provides Q, a product that combines retail and merchandising intelligence with a technology engine that adapts to a retailer’s needs and makes changes based on their requirements and how their customers are behaving.
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