SANTA BARBARA, Calif. — October 16, 2014 — QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services, today announced that QAD solutions have been installed in more than 100 countries around the world.
QAD is able to support global, multinational, customers in these countries through a full strength solution that includes products, implementation services, business consulting and support. QAD Enterprise Applications Internationalization supports IFRS and Multi-GAAP requirements and provides country-specific functionality supporting local business practices and legal regulations directly in the product, including such unique and complex business environments as Brazilian Nota Fiscal and China’s golden tax.
“Our customers are global and demand a solution that can be deployed globally with local services and support following a common core model across all sites. They want the ability to quickly start up new sites and the freedom to deploy the solution in the cloud, on premise, or in a blended deployment with minimal impact on the user experience,” said Carter Lloyds, Chief Marketing Officer, QAD. This flexibility is especially critical in countries with complex requirements such as changing regulations and legal requirements or a lack of available technical resources to manage on-premise applications.
Since 1979, QAD has grown to meet customer needs around the world, enabling many multinational customers to expand into emerging countries with diverse requirements, languages and regulations. Today 63 percent of QAD employees are located outside of the United States and 58 percent of company revenue is generated outside of North America.
One customer that has grown globally with QAD is Lear Corporation. A QAD customer since 1994, Lear now has more than 100 manufacturing sites running QAD solutions around the world. Lear has developed a standardized model for its QAD ERP application that has been effectively deployed to facilities in 30 countries. See how Lear Corporation has grown with QAD.
The current success that Lear experienced in the automotive market is reflected in their global expansion with QAD. “We’re currently implementing QAD in Russia, Vietnam, Korea, Malaysia, and the United States — all over the world.” said Rob Rinnan, Vice President of IT for Lear Corporation.
“Supporting global companies by meeting local country specific requirements, standardizing business processes and offering on-premise, cloud and blended deployment options makes it easy for our customers to expand their businesses across the globe,” said Bill Keese, Senior Vice President, Research & Development for QAD. “Access to a consistent global reporting provides manufacturers with clear visibility into global operations and enables informed decision-making with changing market conditions.”
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.
“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, including, but not limited to, statements regarding projections of revenue, income and loss, capital expenditures, plans and objectives of management regarding the Company’s business, future economic performance or any of the assumptions underlying or relating to any of the foregoing. Forward-looking statements are based on the company’s current expectations. 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. 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 products and companion products; the ability to sustain license and service demand; fluctuation in revenue and earnings in the software industry; the ability to leverage changes in technology; the ability to sustain customer renewal rates at current levels; third party opinions about the company; the reliability of estimates of transaction and integration costs and benefits; competition in our industry; delays in localizing the company's products for new or existing markets; the ability to recruit and retain key personnel; delays in sales; 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. For a more detailed description of the risk factors associated with the company, please refer to the company's latest Annual Report on Form 10-K, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission thereafter. Management does not undertake to update these forward-looking statements except as required by law.