Back Office: Quantum Looks to Reach Broader Dealer Base
Quantum Retail Technology has aimed high with the initial version of its Q retail business management software, which targets tier-one dealers with a billion dollars in revenue. The company is also working on a scaled-down version, scheduled for release in about 18 months. Because the solution is not within reach of most independent dealers, Quantum is talking with buying groups, whose small-to-medium sized members have the aggregate buying power that makes acquiring the software more cost effective.
"There are some obvious names that pop out of a hat, both in CE and in the fast-moving consumer goods space," said Chris Allan, Quantum's co-founder and chief strategy officer. "Those are areas we're looking at, because these members all have the same problems. When you look at how they scale across the small businesses they support, it's a proposition that could work for everybody."
Quantum, founded six years ago by personnel from retailers and existing software companies, devised Q after studying 200 of the top retailers in the world "so we could understand the constraints and problems that weren't being solved by technologies already in the market," said Allan.