QAD Launches Fast Track Program for 2012 College Graduates
Strategically Investing in Today’s Graduates Becoming Tomorrow’s Innovators
SANTA BARBARA, Calif.—July 11, 2012—QAD Inc. (NASDAQ: QADA, QADB), a leading provider of enterprise business software and services for global manufacturing companies, has launched a program to jump-start recent college graduates’ careers at QAD. The 2012 Fast Track Program, a development and job rotation initiative, provides recent graduates with exposure to all of QAD’s main functional areas: Research & Development, Customer Support, and Professional Services. The intensive curriculum includes developing a thorough understanding of QAD’s philosophy, and the fundamentals and business processes that are addressed by QAD’s solutions. In addition, industry training from APICS (The Association for Operations Management – formerly the American Production and Inventory Control Society) will be provided to build a body of knowledge in supply chain and operations management areas, such as production, inventory, materials management, purchasing, and logistics.
Participants will spend six months in Research & Development in Santa Barbara, California, followed by six months in Mount Laurel, New Jersey, in Customer Support and Global Services. At the end of the one-year program, successful participants will advance their careers by pursuing placement into one of three functional groups. QAD will benefit from the cross-functional knowledge the participants gain during their rotation and sees tremendous opportunity for their contribution to the company’s continued growth.
“QAD has always seen employees as one of our most valuable assets; investing in their future has shown tremendous benefits,” said Murray Ray, Chief People Officer at QAD. “The 2012 Fast Track Program offers college graduates the mentoring and real-world experience that help them to make better informed career path decisions.”
Fast Track is one of a number of programs that QAD has in place to ensure development of the appropriate skills to help their customers become Effective Enterprises, where every business process is working at peak efficiency and perfectly aligned to their strategic goals.
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 applications provide comprehensive functionality to support key business processes for global manufacturing companies to manage entire operations, extended supply chains and collaboration with their customers and business partners. 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.