JAKARTA, Indonesia, July 4, 2019 /PRNewswire/ -- CEO Anton Chilton and President Pam Lopker of leading enterprise software company QAD, visited Indonesia in early June to meet with customers and discussed the rise of cloud-based ERP and Industry 4.0 in the Asia Pacific region. The visit was timely, Chilton explained, as the use of cloud-based solutions in Indonesia is growing rapidly, in part due to the adoption of smart manufacturing technologies.
"The surge in adoption of cloud-based solutions by Indonesian manufacturing organizations is mainly due to the recent government introduction of the Making Indonesia 4.0 initiative," said Chilton. "QAD cloud solutions help manufacturers monitor process and data on a real-time basis, while seamlessly connecting stakeholders from around the globe. QAD Adaptive ERP personalizes the user experience and provides the real-time data managers need to see what is happening with their business. Our goal is to give them the tools they need to enable them to rapidly adapt to disruptions in their business and industry and turn them into competitive advantage."
The Indonesian government has taken initial steps to enter the Industry 4.0 era with the unveiling of Making Indonesia 4.0 last year. Focusing on five key manufacturing industries, including food and beverage, textile, automotive, electronic, and chemical, Making Indonesia 4.0 aims to revitalize Indonesia's manufacturing sector, with cloud computing as the enabling technology.
"The rapid growth in manufacturing will significantly strengthen Indonesia's economy to the point where it could be one of the world's top economies by 2050. Manufacturing contributes to 25 percent of total Indonesian GDP. Our company has set its eye on the robust growth of the automotive manufacturing industries in Indonesia and the rest of the Asia Pacific region, and we are working with a wide range of automotive customers there," said Chilton.
While it has served customers in Indonesia since 1991, QAD opened an Indonesian subsidiary in 2018 serving customers in the automotive, consumer products, food and beverage, high tech, industrial manufacturing and life sciences industries. That office, located in Jakarta, was recently expanded in anticipation of further growth.
About QAD - The Effective Enterprise
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.
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Scott Matulis
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Evan Quinn
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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.
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