JAKARTA , Indonesia, Oct. 29, 2019 /PRNewswire/ -- QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, announced today that it is celebrating 40 years in the manufacturing ERP software industry.
In conjunction with its celebration of four decades of success, QAD will attend the Southeast Asia (SEA) Automotive Technology Summit 2019, Nov. 6-7, 2019 at the Double Tree by Hilton Hotel Jakarta. Southeast Asia Automotive Technology Summit is Indonesia's only technology-themed event for automotive OEMs, their suppliers and other solution providers. QAD will highlight its cloud-based solution for the manufacturing industry, QAD Adaptive ERP and its entire Adaptive Applications portfolio.
Founded by Pam Lopker in October 1979, QAD has grown from a local company supplying Enterprise Resource Planning (ERP) software to California manufacturers to a global business with more than 1950 employees working in 29 offices around the world. For 40 years, QAD has delivered mission-critical software solutions to enterprises in six core vertical markets within manufacturing: automotive, life sciences, consumer products, food and beverage, high technology and industrial products. QAD experts actively participate in industry groups in these six core verticals to ensure QAD solutions meet ever-changing regulatory and compliance requirements, reflect evolving best practices, and take advantage of emerging technologies to help customers thrive.
QAD was early to the cloud, offering QAD Supplier Portal in 2003 followed by ERP in 2007. In the ensuing dozen years, QAD has grown rapidly in the cloud.
Over 2,000 manufacturing companies have deployed QAD solutions to run their businesses across approximately 4,000 sites globally. Its portfolio of solutions, QAD Adaptive Applications, helps those businesses to become agile, effective enterprises, with each business process aligned to the company's strategy.
QAD Adaptive Applications is headlined by QAD Adaptive ERP featuring the Adaptive User Experience (UX) and built on the QAD Enterprise Platform. QAD's portfolio of adaptive solutions also includes a number of related solutions including QAD Supplier Portal, QAD Cloud EDI and QAD Automation Solutions, all of which integrate seamlessly with QAD Adaptive ERP. Whether a manufacturer needs supplier relationship management, eInvoicing, Electronic Data Interchange (EDI), trade management, supply chain planning, demand planning, transportation execution or other enterprise solutions, QAD Adaptive Applications offers a proven set of solutions purpose-built for manufacturers and the changing requirements they face.
"Since its inception, we built QAD with the same aspirational goal as we had for our customers: to operate as an effective enterprise," said QAD Founder and President Pam Lopker. "Today, with companies being disrupted by technology, customer preferences and changing regulatory demands, we believe that the key to success is to be able to recognize, adapt to and ultimately leverage disruption into business advantage. By providing cloud-based, adaptive enterprise solutions, we help our customers become agile effective enterprises."
"Over the past 40 years, we've learned that the only constant for manufacturers is change," said QAD CEO Anton Chilton. "The rate of disruption our customers deal with is astounding and we are committed to enabling them to recognize that disruption and adapt quickly to it. With so many new technologies like IoT, machine learning, artificial intelligence, Robotic Process Automation (RPA), data lakes, digital twins, and others not even on the radar, manufacturers need enterprise software that allows them to pragmatically embrace those technologies quickly and start using them where appropriate based on their business use case. QAD Adaptive Applications is designed to make that happen."
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
+1-818-451-8918
publicrelations@qad.com
or
Evan Quinn
Analyst Relations
+1-617-869-7335
industryanalyst@qad.com
Photo - https://photos.prnasia.com/prnh/20191028/2623559-1-a?lang=0
Photo - https://photos.prnasia.com/prnh/20191028/2623559-1-b?lang=0
