Acquisition expands Symphony Commerce vision to help brands gain access to best-in-class ecommerce platform and achieve increased Customer Success
Quantum Retail Technology, Inc. announced today the acquisition of San Francisco-based, leading Commerce-as-a-Service provider, Symphony Commerce, Inc.
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. ESW Capital’s strategy is to acquire best-of-breed software solutions, which possess the potential for further growth through increased investment and an obsessive focus on Customer Success.
Symphony Commerce is the leading provider of Commerce as a Service and was created by the visionary and technical team behind Amazon’s ordering and fulfillment systems.
Trusted by enterprise and mid-size brands in the fashion and apparel, durables and consumer packaged goods segments, its cloud platform orchestrates commerce across multi-channel storefronts, orders, inventory and fulfillment. 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.
“I am excited about the opportunity to integrate Symphony’s commerce platform with Quantum Retail’s supply chain and inventory optimization. Our brands will benefit from the end-to-end intelligent commerce,” said Ken Fine, Symphony Commerce CEO.
Leela Kaza, CEO of Quantum Retail and longtime veteran of Versata and its parent company, ESW Capital, will assume the role of CEO for Symphony Commerce. “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,” said Kaza.
SOURCE Quantum Retail Technology, Inc.