Quantum Retail Ranked Number 262 Fastest Growing Company in North America on Deloitte's 2013 Technology Fast 500™

MINNEAPOLIS, Nov. 13, 2013 /PRNewswire/ -- Quantum Retail Technology™, Inc., the industry's premier innovator of retail focused merchandise management and inventory optimization software solutions today announced it ranked 262 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Quantum Retail grew 345% percent during this period. 

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Quantum Retail's chief executive officer, Steve Buege, credits the company's technological innovation and client-centric focus with the company's 345% revenue growth. He said, "The retail vertical has experienced significant changes in how they conduct their business over the last several years. Quantum Retail's ability to provide solutions that put retailers in greater control of their business as they adapt to these changes has allowed us to continue to grow significantly."

"The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader.  "This year's list is a who's who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next."

"The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront," added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. "The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year."

Overall, 2013 Technology Fast 500™ companies achieved revenue growth ranging from 137 percent to 208,897 percent from 2008 to 2012, with an average growth of 2,600 percent.

About Deloitte's 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

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. 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.