QAD Announces Customer Awards at Explore 2013
QAD Honors Companies’ Commitment to Innovation at QAD Global Customer Conference in San Antonio, Texas
SAN ANTONIO — May 09, 2013 — QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services for global manufacturers, announced today at QAD Explore 2013 Customer Conference that 16 customers were honored for their commitment to innovation with QAD Enterprise Applications.
These prestigious awards from QAD recognize visionary customers who are promoting use of QAD Enterprise Applications to drive innovation and evolve business systems to address rapidly changing market, regulatory and global conditions. The awards honor companies for a variety of achievements in their businesses that align with the Effective Enterprise, QAD’s vision for global manufacturers, where their every business process works at peak efficiency and is perfectly aligned with their strategic goals.
“QAD customers are some of the most innovative and agile enterprises in the world,” said Pam Lopker, QAD president and founder. “We are proud to recognize and showcase customers that are transforming their business systems to become more Effective Enterprises. These companies are truly leaders in their fields.”
The QAD Rapid Achiever Awards recognize the organizations that exemplify effective deployment of QAD solutions to support dynamic business growth. This year, QAD presents the award to the following customers: Eaton, Aesse Investments S Group Automotive Ltd, GKN Driveline, Tower International Inc., Freudenberg-NOK Sealing Technologies.
The QAD Early Adopter Awards recognize organizations that have collaborated with QAD to promote applications research and provide a greater understanding of how QAD applications can be scaled and integrated into QAD customers’ policy, business and manufacturing management processes. This year, the following customers delivered significant value to the QAD Customer Community a result of participating in the QAD Business Process Management (BPM) Early Adopter Program: Mueller Industries Inc., Ralcorp Frozen Bakery Products and Transitions Optical, Inc.
QAD Deployment Awards recognize organizations that have successfully upgraded their legacy ERP systems to leverage the benefits of QAD Enterprise Applications throughout their business. This year, QAD recognizes Lear Corporation.
QAD On Demand Award recognizes organizations that have transformed their business systems and achieved measurable success through innovative deployment of QAD On Demand, QAD’s cloud ERP offering. This year QAD recognizes Dana Holding Corporation.
QAD Visionary Awards recognize the individuals who have helped their company realize its vision and transform their organization in a significant way through the use of new technology from QAD. The 2013 QAD Awards were presented to the following leaders:
Toni Clubb, chief financial officer at Vita-Tech International, Inc.
Rick Seibert, vice president of Business Development at Sharp Corporation
David Stafford, chief financial officer at Physio-Control, Inc.
For more information about QAD Enterprise Applications, 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.
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.