SANTA BARBARA, Calif. — December 8, 2015 — QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB), a leading provider of enterprise software and services designed for global manufacturing companies, today announced that it has received Frost & Sullivan’s 2015 Global Cloud ERP Automotive Product Leadership Award for the QAD Cloud ERP Automotive Edition solution. According to Frost & Sullivan’s award report, “QAD, with its industry-specific cloud ERP software solution and advanced cloud operations has effectively addressed the unique market challenges and the other demanding standards of automotive manufacturers.”
“QAD has leveraged its 30 years of experience in the automotive sector, eight years in the cloud space, and its thorough understanding of automotive manufacturing to help customers address various ERP-related challenges,” said Frost & Sullivan Global Vice President David Brousell. “As ERP is highly integrated into business operations, QAD believes that customers desire the freedom to implement solutions that reflect their unique business needs. This approach is drastically different from the ‘one-size-fits-all’ method adopted by most software-as-a-service vendors.”
In addition to a full-featured cloud ERP, QAD Cloud ERP Automotive Edition includes an industry-specific suite of process maps to support Global Materials Management Operation Guidelines (MMOG/LE) and direct mapping to the certification questionnaire. “We are pleased that Frost & Sullivan has validated our cloud approach for the automotive industry,” said Terry Onica, QAD Director of Automotive and co-chair of the AIAG MMOG/LE Work Group. “Combined with our integrated quality management solution, QAD Cloud ERP Automotive Edition helps automotive manufacturers reduce their risk and increase their appeal to OEMs.”
The QAD Cloud offers manufacturers excellent service levels through QAD’s own management software and by working with best-in-class cloud service providers. “We are gratified that Frost & Sullivan recognized QAD’s comprehensive approach to cloud monitoring and management,” said Tony Winter, QAD’s CTO. “Frost & Sullivan also recognized the value of our global capabilities and operations, our new user experience, and our related offerings such as QAD Cloud EDI and QAD Boomi to meet the many integration requirements facing automotive manufacturers.”
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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 35 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 in the cloud, on-premise, 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.
For more information about QAD, call +1 805-566-6000, visit 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, 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.