QAD Appoints Executives to Leadership Team
Executive leadership team strengthens Cloud ERP provider
SANTA BARBARA — July 15, 2014 — QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services, announced the appointment of Edward A. Boclair as senior vice president, North America, Kaye Swanson as chief people officer and Steve Gardner as president of Precision Software, a division of QAD. Boclair, Swanson and Gardner offer extensive knowledge and experience to serve QAD’s customers and employees.
“We are proud to appoint Ed, Kaye and Steve to senior leadership positions,” said Pam Lopker, president and chairman of the board, QAD. “As we continue to grow, we need dedicated and strong leaders like Ed, Kaye and Steve, who understand the potential of QAD solutions to transform our customers into Effective Enterprises.”
In his role as the senior vice president of North America, Boclair is responsible for managing and expanding the sales of QAD on-premise and cloud solution offerings in North America while ensuring that QAD's customers receive the highest level of service and value from the company and its business partners. Boclair joined QAD in 2000 and has served as U.S. regional sales manager, vice president of sales and marketing at Precision Software and most recently as president of Precision Software, a division of QAD.
As the chief people officer, Swanson oversees programs to develop employees’ skills, improve performance and create a strong QAD culture. She is responsible for the full spectrum of human resources functions, from training, executive development and recruiting to succession planning, human capital strategy, culture change and regulatory issues. Prior to taking up the chief people officer role, Swanson was responsible for managing human resources for QAD’s operations in the Asia-Pacific region.
QAD promoted Steve Gardner to president of Precision Software; in his new role he will lead the further expansion of the division into the cloud. He will have overall responsibility for development, services, support, marketing and sales. He takes the position having spent eight years inside QAD successfully growing sales revenue in the European market, most recently as Vice President, Sales & Marketing EMEA.
About QAD – The Effective Enterprise
QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB) is a leading provider of enterprise software and services designed for global manufacturing companies. For more than 30 years, QAD has provided global manufacturing companies with QAD Enterprise Applications, an enterprise resource planning (ERP) system that supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD Enterprise Applications is offered in flexible deployment models as on-premise software, in the cloud with QAD Cloud ERP or in a blended environment. With QAD, customers and partners in the automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries can better align daily operations with their strategic goals to meet their vision of becoming more Effective Enterprises.
For more information about QAD, call +1 805-566-6000 or visit 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.
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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”, “would”, “might”, “plan” 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 its fiscal year ended January 31, 2014, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.