QAD Unveils QAD Store and New Mobile Applications to Enhance QAD Enterprise Applications at Explore 2012
QAD Customer Conference Highlights QAD Store and New Mobile Apps
SANTA BARBARA, Calif. –May 9, 2012–QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services for global manufacturers, today unveiled the QAD Store, and shared some new capabilities in its mobile applications suite, to a capacity crowd during its second day at QAD Explore 2012 Customer Conference at the Hilton Atlanta hotel in Atlanta, Georgia, May 7–10, 2012.
Tony Winter, chief technology officer for QAD, gave a keynote address on the evolution of technologies that relate to the Effective Enterprise, QAD’s vision for its global manufacturing customers, where their every business process works at peak efficiency and is perfectly aligned with their strategic goals. Winter focused on how advances in manufacturing, technology and globalization are converging, and shared QAD’s vision of harnessing new technologies.
Winter also unveiled the latest release of the QAD Store, an online, self-service marketplace for QAD customers. The QAD Store acts as the single point where customers can access resources necessary to support their QAD products including product updates and patches, process maps, customizations, and partner products. The QAD Store also provides customers access to QAD’s mobile applications for both Apple iOS and Google Android devices.
Bill Keese, senior vice president of Research and Development for QAD, closed the keynote sessions by announcing the launch of QAD Enterprise Applications 2012 Enterprise Edition (QAD 2012 EE). QAD 2012 EE is the latest evolution of QAD’s enterprise suite, which continues to be enhanced to address the changing needs of global manufacturers. In particular, QAD 2012 EE includes upgrades to QAD Enterprise Financials, and provides sophisticated tools to aid in planning and scheduling. Keese also highlighted the latest mobile applications that form part of QAD’s growing product line.
“We’re really proud of the enhancements to QAD 2012 EE, and in particular the data access and mobile applications,” said Keese. “The newly improved QAD Mobile Business Intelligence solution as well as QAD Mobile Global Requisition System (QAD Mobile GRS), allow our users to easily look at critical data from their desktop computer, on their smartphone or even on their tablet. We think our customers will enjoy significant benefits by deploying QAD 2012 EE.”
The QAD Explore 2012 Customer Conference continues through Thursday, May 10, 2012. To learn more, visit: www.qad.com/explore.
About QAD
QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer, electronics, food and beverage, industrial and life sciences products. QAD applications 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.
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.
