Precision Software Chosen as a Top 100 Logistics IT Provider by Inbound Logistics Magazine
SANTA BARBARA, Calif. — June 3, 2014 – 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 a top Logistics IT Provider for 2014 by Inbound Logistics (IL) magazine for the third consecutive year. 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.
When choosing the 2014 Top 100 Logistics IT Providers, IL’s editors looked at excellence in optimizing internal transport and logistics operations. At a higher, more strategic level, selections were based on how transformative solutions impact outward-facing business activities driving integration across internal, as well as external, business processes. Precision Software was selected because its solutions solve specific logistics challenges, improve processes and create a ripple effect of efficiencies across the entire value chain.
“It's impressive to see Precision Software providing the flexibility and solutions that forward-thinking enterprises need in order to face logistic and supply chain challenges in 2014” said Felecia Stratton, IL editor.
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 are excited to receive the award again. The recognition of our work reconfirms our dedication in delivering an industry-leading integrated solution that enables our customers to improve supply chain visibility and reduce overall shipping spend," said Ed Boclair, president of Precision Software.
About Inbound Logistics Magazine
Since its inception in 1981, Inbound Logistics' educational mission is to illustrate the benefits of demand-driven logistics practices, give companies the knowledge to help them match the inbound flow of materials to their demand, and align their business process to support that shift. Inbound Logistics offers real-world examples and decision support to guide businesses to efficiently manage logistics, reduce and speed inventory, and offset rising transport costs, supporting business scalability across their value chain. 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 email@example.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.