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QAD CTO Tony Winter Named CTO of the Year Silver Award Winner by Info Security PG's 2020 Global Excellence Awards®

SANTA BARBARA, Calif. -- March 18, 2020 -- QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, today announced that Info Security Products Guide, the industry's leading information security research and advisory guide, has named QAD Chief Technology Officer Tony Winter a silver winner of the CTO of the Year award in the Other category by the 16th Annual Info Security PG's Global Excellence Awards®. These prestigious global awards recognize cybersecurity and information technology vendors with advanced, groundbreaking products, solutions, and services that are helping set the bar higher for others in all areas of security and technologies.

"I’m honored to be recognized by Info Security Products Guide for this award,” said Winter. “Global manufacturers face ever-increasing disruption caused by technology-driven innovation and changing consumer preferences. We believe that to survive and thrive, manufacturers must be able to innovate and change business models at unprecedented rates of speed. My job is to ensure that QAD Adaptive ERP and the entire suite of QAD Adaptive Applications solutions help our customers recognize, react to and leverage disruption for competitive advantage. This recognition from Info Security Products Guide further validates our commitment to our customers and their security and innovation needs.”

Winter oversees a global team of research and development personnel and leads the latest technology innovations for QAD and its cloud-based portfolio of solutions, QAD Adaptive Applications. Under Winter's guidance, QAD adopted QAD Labs, a four-stage process through which QAD works with its customers to navigate the fast-moving and crucially important world of technological innovation.

“The Chief Technology Officer of the Year category received nominations from all over the world. We are proud to recognize Tony Winter at QAD in this category for his contributions to his organization and the industry,” said Ray Narang, editor-in-chief at Info Security Products Guide.

More than 35 judges from around the world representing a wide spectrum of industry experts participated in the judging process.

About Info Security PG’s Global Excellence Awards

Info Security Products Guide sponsors the Global Excellence Awards and plays a vital role in keeping end-users informed of the choices they can make when it comes to protecting their digital resources and assets. It is written expressly for those who are adamant on staying informed of security threats and the preventive measure they can take. You will discover a wealth of information in this guide including tomorrow’s technology today, best deployment scenarios, people and technologies shaping cybersecurity and industry predictions & directions that facilitate in making the most pertinent security decisions. Visit infosecurityproductsguide.com for the complete list of winners.

ABOUT QAD

QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), is a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies. QAD Adaptive ERP for manufacturing supports operational requirements in the areas of financials, customer management, supply chain, manufacturing, service and support, analytics, business process management and integration. QAD's portfolio includes related solutions for quality management software, supply chain management software, transportation management software and B2B interoperability. Since 1979, QAD solutions have enabled customers in the automotive, consumer products, food and beverage, high tech, industrial manufacturing and life sciences industries to better align operations with their strategic goals to become Effective Enterprises.

To learn more, visit www.qad.com or call +1 805-566-6000.

"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: risks associated with our cloud service offerings, such as defects and disruptions in our services, our ability to properly manage our cloud service offerings, our reliance on third-party hosting and other service providers, and our exposure to liability and loss from security breaches; demand for the company's products, including cloud service, licenses, services and maintenance; pressure to make concessions on our pricing and changes in our pricing models; protection of our intellectual property; dependence on third-party suppliers and other third-party relationships, such as sales, services and marketing channels; changes in our revenue, earnings, operating expenses and margins; the reliability of our financial forecasts and estimates of the costs and benefits of transactions; the ability to leverage changes in technology; defects in our software products and services; third-party opinions about the company; competition in our industry; the ability to recruit and retain key personnel; delays in sales; timely and effective integration of newly acquired businesses; economic conditions in our vertical markets and worldwide; exchange rate fluctuations; and the global political environment. For a more detailed description of the risk factors associated with the company and factors that may affect our forward-looking statements, 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.

Contacts

QAD Inc.
Scott Matulis
Public Relations
818-451-8918
publicrelations@qad.com
or
Evan Quinn
Analyst Relations
617-869-7335
industryanalyst@qad.com

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