Quantum Retail adds new Board Member

MINNEAPOLIS, June 2, 2014 /PRNewswire/ -- Quantum Retail Technology™ Inc., the industry's leading provider of consumer driven inventory solutions for the retail industry, today announced that Sven Wehrwein, has been appointed to the company's Board of Directors.

"Sven has deep board level experience and has helped a number of companies to scale during periods of aggressive growth," said Steve Buege, Chairman and CEO of Quantum Retail. "That combined with his wealth of experience in both corporate finance and long-term strategy made him a good fit for Quantum as we embark on our next phase of success."  

Wehrwein currently sits on the boards of several Twin Cities-based companies including Proto Labs(PRLB), SPS Commerce (SPSC), Uroplasty (UPI), and Celleration. In addition, he has served as a Director for a number of other emerging-growth companies including lengthy tenures on the boards of Compellent Technologies (CML), Image Sensing Systems (ISNS), Synovis Life Technologies (SYNO), Vital Images (VTAL), and Zamba Corp (ZMBA).

"I am pleased to be joining the Quantum Retail Board," added Wehrwein. "Quantum offers game-changing solutions to tier-one retailers and is poised to broaden the reach of its technology to an even larger portion of the retail space. I believe Quantum has high potential for significant future growth and I'm excited to play a part in guiding that growth." 

In addition to his Board level credentials, Wehrwein has a broad financial background including audit work as a CPA for Coopers & Lybrand, and a 14-year career in investment banking for Dean Witter Reynolds, Drexel Burnham Lambert, and Wessels, Arnold & Henderson. 

About Q™

As consumer demand has becomes 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 system 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.

About Quantum Retail Technology, Inc.

Quantum Retail Technology is the industry's leading innovator of retail focused consumer 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 Retail is privately held and is headquartered in Minneapolis, Minnesota. For more information on Quantum Retail, 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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SOURCE Quantum Retail Technology, Inc.