SANTA BARBARA, Calif. — April 15, 2013 — QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB) a global provider of enterprise software and services today announced the Automotive Edition of QAD Enterprise Applications has greater market share in China than any other enterprise resource planning (ERP) solution, according to the report, China Automotive Industry IT Solutions 2012 – 2016 Forecast and Analysis, Doc #CN8037306U by Luke Fang, Research Manager at IDC. Of the top five ERP providers in China, QAD was the 2011 automotive industry leader ahead of SAP, UFIDA, Infor and Siemens.1
Fang notes, “The QAD customer base has expanded from foreign-funded enterprises to local state-owned and private enterprises. This offers advantage for QAD to expand in the local China market.”2
According to the report, China's automotive industry IT solution market will develop stably at a 2012–2016 compound annual growth rate (CAGR) of 12.6 percent in the coming years. Upgrades, mergers, restructuring and divestures will drive the IT solution market. 3
“Leadership in China is the Result of QAD Laser Focus on Assisting Customers”
“The China automotive manufacturing market continues to grow at a robust rate, and IDC’s recognition of QAD as the market share leader demonstrates the demand we're seeing for QAD Enterprise Applications," said Paul Henderson, senior vice president, APAC Region at QAD. "Our leadership in China is the result of our laser focus on assisting our customers to perform at their best.”
QAD China headquarters are based in Shanghai with further field offices in Guangzhou and Beijing. QAD’s local research and development (R&D) presence, local training and support organization underscore its commitment to deliver the technology, the deployment flexibility and expertise required for success in China.
QAD Enterprise Applications – Ready for China On Demand
QAD Enterprise Applications helps customers meet local accounting and industry regulations with its support for local Chinese language capabilities. These capabilities include financial statements in Chinese, support for the Golden Tax Project, a national mandate to improve compliance with China’s value added tax laws, foreign exchange capabilities and import/export process functionality. Using QAD Enterprise Applications, customers can automate inter-company communication and transactions with capabilities for back-to-back sales order/purchase and order creation for automation of arm’s length transactions.
QAD’s deployment-independent approach gives companies the flexibility to choose how they want to deploy Enterprise Applications in their China operations: On Demand, On Premise or a blended model.
“Our aim at QAD is to combine our focus on manufacturing and automotive industry standards to ensure we understand, better than any other ERP vendor, the challenges and opportunities China manufacturers face,” added Henderson. “At QAD, we are dedicated to helping every automotive customer achieve customer requirements for quality, cost and delivery. These are the factors that drive an Effective Enterprise.”
QAD defines an Effective Enterprise as one where every business process is working at peak efficiency and perfectly aligned to the company’s strategic goals. The pursuit of this vision drives the products that QAD develops, and the approach QAD takes when engaging with QAD customers.
For more information, please visit: www.qad.com.
QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer products, electronics, food and beverage, industrial and life sciences products. QAD ERP solutions provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners to make and deliver the right product, at the right cost and at the right time. For more information about QAD, telephone +1 805-566-6000, or visit the QAD web site at www.qad.com.
“QAD” is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.
References: MARKET ANALYSIS China Automotive Industry IT Solution 2012 – 2016 Forecast and Analysis Luke Fang Reference: ©2012 IDC CN8037306U 17, page 29
2. Ibid. page 29
3. Ibid. page 1
For additional information, contact:
Sr. Director of Marketing Communications
+1 805 566 6126
+1 805 565 2452
Note to Investors: This press release contains certain forward-looking statements made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expects”, “believes”, “anticipates”, “could”, “will likely result”, “estimates”, “intends”, “may”, “projects”, “should”, and variations of these words and similar expressions are intended to identify these forward looking statements. Forward-looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and future conditions. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include, but are not limited to, evolving demand for the company's software products and products that operate with the company's products; the company's ability to sustain license and service demand; the company's ability to leverage changes in technology; the company's ability to sustain customer renewal rates at current levels; the publication of opinions by industry and financial analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; the entry of new competitors or new offerings by existing competitors and the associated announcement of new products and technological advances by them; delays in localizing the company's products for new or existing markets; the ability to recruit and retain key personnel; delays in sales as a result of lengthy sales cycles; changes in operating expenses, pricing, timing of new product releases, the method of product distribution or product mix; timely and effective integration of newly acquired businesses; general economic conditions; exchange rate fluctuations; and, the global political environment. In addition, revenue and earnings in the enterprise resource planning (ERP) software industry are subject to fluctuations. Software license revenue, in particular, is subject to variability with a significant proportion of revenue earned in the last month of each quarter. Given the high margins associated with license revenue, modest fluctuations can have a substantial impact on net income. Investors should not use any one quarter's results as a benchmark for future performance. For a more detailed description of the risk factors associated with the company and the industries in which it operates, please refer to the company's Annual Report on Form 10-K for fiscal 2013 ended January 31, 2013, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.