SANTA BARBARA, Calif. — March 19, 2015 — QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services designed for global manufacturing companies, is pleased to congratulate one of its customers, Nexteer Automotive, on receiving the 2015 Manufacturing Leadership Award for Enterprise Technology Leadership.
The Manufacturing Leadership Awards honor manufacturing companies’ projects and individual leaders that have demonstrated achievement across a wide variety of domains, including sustainability, operational excellence, innovation, supply chain management and others. As a recipient of the Enterprise Technology Leadership award, Nexteer is recognized for the competitive advantage and tangible enterprise performance gains achieved through its implementation of QAD Cloud ERP, the only full-strength web-based ERP solution for global manufacturing.
“We’re so pleased that Nexteer has seen such strong business results and relies on the cloud as a key foundation to support their growth. It is great to see them recognized with such a prestigious designation in leading the way for other manufacturers,” said Anton Chilton, Senior Vice President, Global Services, QAD. “When you’re operating on a global scale like Nexteer does, you need your ERP system to function with the speed and flexibility to respond and adjust to different needs anytime, anywhere in the world. I’m thrilled that QAD Cloud ERP provided this foundation for Nexteer.”
The Manufacturing Leadership Awards, now in their 11th year, honor manufacturing companies and individual manufacturing leaders that are shaping the future of global manufacturing. Winning projects and individual manufacturing leaders have demonstrated achievement in their areas of expertise, and are chosen by a panel of expert judges for results that set them apart from their competitors. These winning manufacturers have delivered clear and compelling value, return on investment, and other tangible outcomes.
For more information on the Manufacturing Leadership Awards or the Manufacturing Leadership
Summit, please go to www.mlsummit.com.
About Nexteer Automotive
Nexteer Automotive (HK:1316) is a multi-billion dollar global steering and driveline business solely dedicated to electric and hydraulic steering systems, steering columns and driveline products for original equipment manufacturers. The company is listed on the Hong Kong Stock Exchange. Its 11,000 workforce serves more than 50 customers in every major region of the world. The company has 20 manufacturing plants, five regional engineering centers and nine customer service centers strategically located in North and South America, Europe and Asia. Nexteer Automotive’s customers include BMW, FCA, Ford, GM, Toyota, and PSA Peugeot Citroen, VW, as well as automakers in India, China, and South America. www.nexteer.com
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. http://www.frost.com
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 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.
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.
For additional information, contact:
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 Current Report on Form 8-K dated January 6, 2015 and the 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.