MINNEAPOLIS, March 31, 2014 /PRNewswire/ -- Quantum Retail Technology™ Inc., the industry's premier innovator of consumer driven merchandise solutions for retailers today announced that Kevin Davidson has joined the company as its Chief Financial Officer. Davidson brings over twenty years of financial management and corporate development experience to Quantum and will report to CEO Steve Buege.
"Kevin's track record as a CFO for several high growth companies combined with his hands on business experience made him an ideal candidate to step into this important role as we plan for Quantum's next stage of growth," said Steve Buege, CEO of Quantum Retail. "We were excited to find a seasoned professional who has experience in helping to scale fast-growing companies such as ours."
"Quantum has a great reputation of being highly successful based on its track record of innovation and meaningful support for its clients," added Kevin Davidson, CFO for Quantum Retail. "Quantum's performance to date has been impressive. Their ability to quietly amass a client list that includes a number of tier-one retailers speaks to the significant value the Quantum product suite delivers to its customers."
Davidson joins Quantum after serving as CEO of Critical Perfusion from 2012 to 2014. Previously he held C-level positions with BioDrain Medical Inc., OrthoRehab Inc., and was a Managing Director at Arthur Andersen LLP.
As consumer demand has becomes less predictable and as buying patterns and channels become more complicated many of the world's most successful retailers utilize Q to provide answers to meeting their toughest marketplace challenges and better meeting their overall business objectives. Q 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. The Q system continuously learns and dynamically analyzes and 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 supply chain and merchandising platforms including Oracle, SAP, and JDA.
About Quantum Retail Technology, Inc.
Quantum offers the retail industry's premier solutions for understanding product demand based on consumer behavior and turning that understanding into actionable results. Quantum Retail's Allocation, Replenishment and Order Planning solutions increase profitability by helping merchant's to be more responsive and by supporting their Multichannel and International objectives easily and accurately. 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.
SOURCE Quantum Retail Technology, Inc.