SANTA BARBARA, Calif. — April 15, 2013 — QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services for global manufacturers, today announced a new managed service in the cloud that addresses the needs of companies transacting via Electronic Data Interchange (EDI). QAD Managed EDI is fully integrated with QAD Enterprise Applications and delivered in partnership with Data Interchange, a leading provider of EDI and eBusiness solutions. QAD Managed EDI provides end-to-end services that simplify global e-commerce and collaboration with trading partners across the value chain.
As an extension of QAD Enterprise Applications, QAD Managed EDI provides a scalable solution for companies to rapidly implement and standardize EDI across their global enterprise. Leveraging Data Interchange’s 25 years of successfully delivering EDI services and solutions and robust transaction handling infrastructure, QAD Managed EDI extends the power of an integrated EDI e-commerce solution with QAD Enterprise Applications while offering the simplicity of a fully managed service.
QAD Managed EDI Simplifies Connection to Multiple Trading Partners
“QAD Managed EDI makes it simpler for companies to rapidly connect with trading partners for more effective business-to-business e-commerce,” said Anton Chilton, senior vice president of Global Services. “QAD has taken EDI to the cloud to support companies’ needs for a scalable solution with scalable pricing while freeing customers of the burden to map and manage constantly changing EDI documents. Working in partnership with Data Interchange allows us to bring best in class practices for EDI management and deliver the most effective solution to meet our customers’ needs.”
QAD Managed EDI helps manufacturing companies reduce the cost of integrating with their suppliers and customers and enables quick on-boarding without process breakdowns and compliance violations. Using QAD Managed EDI, customers can rapidly achieve the electronic connectivity and integration they require with trading partners. QAD Managed EDI provides streamlined capabilities that include communications, translation, full enterprise resource integration, business process management and business activity management.
QAD Managed EDI provides companies with a dedicated account manager, implementation and ongoing support services. Selecting QAD Managed EDI frees customers to focus on strategic initiatives.
“Our strategic partnership with Data Interchange enables QAD to bring our customers a powerful solution to support their ever changing EDI needs,” added Chilton. “We are extremely excited to be working with Data Interchange and together we expect to help our customers to perform at their best and become Effective Enterprises.”
For more information on QAD EDI as a Service and QAD Enterprise Applications, visit www.qad.com.
About Data Interchange
Data Interchange (www.datainterchange.com) is a leading provider of EDI, B2B and Supply Chain integration solutions to the global automotive, manufacturing, logistics and distribution sectors. Data Interchange has pioneered B2B solutions since the 1980s allowing businesses to operate, integrate and collaborate more effectively with their clients and partners. For more information, visit the Data Interchange web site www.datainterchange.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 applications 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.