Quantum Retail Technology, a provider of inventory management software systems for the retail industry, announced that co-founder Vicki Raport was one of nine female entrepreneurs selected to participate in the Ernst & Young Entrepreneurial Winning Women program designed to accelerate the growth of high-potential businesses founded by women entrepreneurs. The winners were selected from a competitive list of women entrepreneurs residing across the U.S. by a diverse group of independent judges.
As a winner of the program, Raport will receive complementary participation in the Ernst & Young Strategic Growth Forum, which takes place November 11-15, 2009. The Strategic Growth Forum, dubbed by Forbes.com as one of the "Seven Get-Ahead Executive Retreats," is a prestigious gathering of high-growth, market-leading companies. More than 1,300 leaders of the nation's most successful companies, along with investors and advisors, gather with exemplary entrepreneurs to share growth strategies and discuss current economic challenges.
In addition to participation in the Strategic Growth Forum, the Entrepreneurial Winning Women will take part in a customized program designed to build and foster critical relationships, enhance leadership skills and expand business know-how.
"I feel very privileged to have been recognized alongside such an impressive group of female business leaders," commented Raport. "Everyone at Quantum has worked extremely hard these past few years to make not only us, but the retailers we work with as successful as possible, and this award is a fantastic acknowledgement of that effort."
Quantum Retail creates and delivers advanced software solutions to solve the demands of modern retailing. The company's proprietary inventory management solutions quickly optimize forecasting and advanced order planning, replenishment and allocation, and assortment and product range planning activities. With its customers typically achieving significant and measurable return on investment within 6 months of implementation, Quantum enables large retailers to improve the performance of every product at every store to drive sales and profits, increase service levels and release working capital. In 2009, Inc. magazine ranked Quantum Retail the eleventh fastest-growing, privately-owned software company, with a three-year growth rate of 963.4%.
"Experienced role models and access to business-building networks are critical for women entrepreneurs looking to accelerate their company's growth and success," said Maria Pinelli, Americas Director, Strategic Growth Markets, Ernst & Young LLP. "Through the Ernst & Young Entrepreneurial Winning Women program, we aim to give outstanding female entrepreneurs the tools and networks they need to grow their businesses."
The Ernst & Young Entrepreneurial Winning WomenTM program is conducted in collaboration with several women's entrepreneurship organizations including the Women's Presidents Organization, Women's Business Enterprise National Council, Babson College and its Center for Women's Leadership, Wharton School of The University of Pennslyvania and the Committee of 200.