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Quantum Retail acquires Symphony Commerce
21
May '18
Courtesy: Quantum Retail
Courtesy: Quantum Retail
Quantum Retail Technology, Inc. has acquired leading commerce-as-a-service provider, Symphony Commerce, Inc. Quantum Retail is the industry’s leading innovator of retail-focused supply chain management and inventory optimisation solutions. Symphony Commerce was created by the visionary and technical team behind Amazon’s ordering and fulfilment systems.

Trusted by enterprise and mid-size brands in the fashion and apparel, durables and consumer packaged goods segments, Symphony’s cloud platform orchestrates commerce across multi-channel storefronts, orders, inventory, and fulfilment. With Symphony Commerce, brands are free from the burden of infrastructure management and gain the data and services needed to operate and grow their business.

Ken Fine, Symphony Commerce CEO said, “I am excited about the opportunity to integrate Symphony’s commerce platform with Quantum Retail’s supply chain and inventory optimisation. Our brands will benefit from the end-to-end intelligent commerce.”

Quantum Retail is an affiliate of Versata, which is part of the ESW Capital group of companies, one of the largest privately held enterprise software companies in the world.

Leela Kaza, CEO of Quantum Retail and long-time veteran of Versata and ESW Capital, will assume the role of CEO for Symphony Commerce.

Kaza said, “I am pleased to welcome the Symphony Commerce brand into the Versata family and broader ESW Capital group of companies. We are confident that the addition of Quantum’s advanced retail science to the Symphony platform will offer our customers unprecedented value and competitive advantage.” (GK)

Fibre2Fashion News Desk – India


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