Precision Software Chosen as a Top 100 Logistics IT Provider by Inbound Logistics Magazine
SANTA BARBARA, Calif. — June 11, 2013 — Precision Software, a division of QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), and a leading provider of industry-leading transportation and global trade management software solutions, today announced it was named as a top Logistics IT Provider for 2013 by Inbound Logistics (IL) magazine for the second consecutive year. <[hidden] style="display: none; ">IL’s editors choose providers like Precision Software whose solutions are central to solving transportation, logistics, and supply chain challenges and whose customer successes are well-documented.
Nearly 300 companies were submitted for consideration and honorees were chosen based on their solutions’ abilities to meet business logistics managers’ supply chain challenges. Each year, IL’s editors make their determination of logistics IT leaders based on questionnaires, phone and personal interviews, as well as industry research. Precision Software’s leadership in these areas reflects the criteria of simplicity, return-on- investment (ROI) and efficient implementation.
“Precision Software was recognized by IL for leading the way in 2013 and positioning enterprises to perform at their best – reduce overall transportation and trade costs, avoid delays in cross-border shipments,” said Felecia Stratton, Inbound Logistics editor. “Precision Software excels at providing solutions that drive supply chain excellence and answer readers' need for simplicity, ROI, and efficiency while mitigating risk in an increasingly security-conscious and regulated global environment. IL is proud to honor Precision Software for continuing to offer our readers solutions that optimize logistics and supply chain excellence.”
PRECISION’s unique single platform product suite is designed with open architecture and integrates with leading enterprise resource planning, warehouse management systems, transportation management systems and legacy applications.
“We’re honored to receive this validation for our focus on delivering an integrated solution that enables our customers to reduce shipping costs and improve global visibility,” said Ed Boclair, president of Precision Software. “PRECISION provides advanced capabilities to simplify international trade-compliance, streamline transportation management and increase supply chain visibility and reporting in our pursuit of helping every customer become a more <[hidden] style="display: none; ">Effective Enterprise.”
For more information about Precision Software, please visit: www.precisionsoftware.com
About Inbound Logistics Magazine IT Logistics 100 Awards
Inbound Logistics is the pioneering publication of demand-driven logistics practices, also known as supply chain management. IL's educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift. More information about demand-driven logistics practices is available at www.inboundlogistics.com
About Precision Software – Effective Enterprise Logistics
Precision Software, a division of QAD Inc., (NASDAQ: QADA) (NASDAQ: QADB), provides industry-leading transportation and global trade management software solutions from a single, integrated platform. The Precision suite of products is designed with open architecture allowing for easy integration with leading Enterprise Resource Planning (ERP), Warehouse Management Systems (WMS) and existing legacy solutions to reduce transportation costs, avoid delays at trans-border crossings and mitigate the risks associated with dynamic trading environments. Precision Software customers span multiple industries including life sciences, consumer packaged goods, electronics, retail, industrial products, food and beverage, and 3rd party logistics providers. For more information about Precision Software, visit www.precisionsoftware.com or e-mail firstname.lastname@example.org.
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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.