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.

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The Children’s Place gains the ability to optimize inventory and make smarter merchandising decisions with Q for Allocation and Replenishment, as it by provides insights
into consumer demand for each SKU at every store.

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Minneapolis, Minnesota USA – May 5, 2015 – Quantum Retail Technology Inc., the industry’s leading provider of merchandise optimization and inventory solutions for retail has announced that The Children’s Place, Inc. (Nasdaq:PLCE) has become a client of Quantum’s Q Analytics for Size and Pack Optimization. The delivery of Q Analytics Size and Pack joins The Children’s Place’s implementation of Quantum’s Q for Allocation and Replenishment, due to go live this year, and their planned implementation of Quantum’s Q for Order Planning.

Q for Allocation and Replenishment gives The Children’s Place the ability to optimize inventory and make smarter merchandising decisions by providing insights into consumer demand for each SKU at every store. This results in less excess inventory, more full priced sales and better store service levels. Q for Order Planning is a demand-driven solution that provides order recommendations that balance profitability and service levels for retailers.

“The Children Place’s partnership with Quantum Retail represents our most recent commitment to leveraging highly innovative solutions to better manage the demands of the evolving retail landscape,” said Jason McAndrew, Chief Transformation Officer and Head of Marketing for the Children’s Place. “Quantum’s insights into customer demand will help us meet our inventory management objectives. Q gives us a granular view to future store level performance that we can integrate with our omnichannel strategies to ensure we are leveraging our inventory most optimally to meet the expectations of our customers. ”

The expected benefits are further enhanced with Q Analytics for Size and Pack. This software service calculates size profiles by item based on customer demand and then calculates the optimal store pack configuration of merchandise to help align the buying quantity and pack distribution with projected store need.

“Quantum is able to take existing data, push it through their analytics platform and give us decision level information that we can immediately use to improve our buying decisions,” added Jason McAndrew. “The quality, speed and consistency Quantum brings us will add significant value to the business going forward.”

“The Children’s Place’s strategic approach, first with Quantum’s enterprise solutions and now with Q Analytics Size and Pack underscores their commitment to finding innovative solutions to respond to consumers’ constantly evolving expectations,” said Quantum Retail CEO, Chris Allan. “Retailers are increasingly looking to leverage advanced analytics, like those delivered within Quantum’s Q Analytics to quickly and efficiently translate consumer demand insights into maximized sales, profitability, and productivity in what has become a highly complex retail marketplace.”

About The Children’s Place, Inc.

The Children’s Place is the largest pure-play children’s specialty apparel retailer in North America. The Company designs, contracts to manufacture, sells and licenses to sell fashionable, high-quality merchandise at value prices, primarily under the proprietary “The Children’s Place,” “Place” and “Baby Place” brand names. As of January 31, 2015, the Company operated 1,097 stores in the United States, Canada and Puerto Rico, an online store at www.childrensplace.com, and had 72 international stores open and operated by its franchise partners.

About Q

As consumer demand has become less predictable and as retail buying patterns and channels become more complicated many of the world’s most successful retailers utilize Quantum’s Q solutions. Q helps retailers with both comprehensive and granular predictions of their product demand based on consumer behavior while also providing the ability to act on that intelligence. The Q platform continuously learns and dynamically analyzes and then responds to changes in demand for every product and store location to maximize value for retailers of all types. The Q system is adaptable within the retailer’s existing environment and works in conjunction with many of today’s leading supply chain and merchandising platforms including Oracle, SAP, and JDA.

Q Analytics are a suite of SaaS (software as a service) solutions designed to leverage Quantum’s proprietary merchandise optimization platform to solve specific retail problems and address high value opportunities for retailers.

About Quantum Retail, Inc.

Quantum Retail is the industry’s leading innovator of retail focused demand driven merchandising and inventory optimization solutions. Our solutions help retailers realize the highest value from their inventory investment by understanding consumer demand and acting on it to optimally leverage their supply chain. Many of the world’s top retailers are already Quantum clients. Quantum is privately held and is headquartered in Minneapolis, Minnesota. For more information on Quantum Retail technology, please visit our website at http://www.quantumretail.com.

Quantum Retail and Q are registered trademarks of Quantum Retail Technology, Inc. All other trademarks are owned by their respective companies.

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He succeeds Steven Buege, who left the company after serving
as its top executive since 2013.

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The post Tech company Quantum Retail names co-founder CEO [USA News] appeared first on Quantum New Site.

Chris returned to Quantum in late 2014 to lead Quantum Retail’s development and delivery organizations and will
maintain that role in addition to serving as CEO.

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The post Retail Industry Veteran Chris Allan Appointed As Quantum Retail CEO [CNBC] appeared first on Quantum New Site.