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.
FinSMEs
05/10/2015