QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), a leading provider of enterprise software and services for global manufacturing companies, today said it has acquired Strasbourg, France-based DynaSys S.A., a leading provider of supply chain planning software solutions, for €6.0 million (or approximately US$7.5 million).
DynaSys generated revenues of approximately €5.0 million in 2011 and has approximately 40 employees. QAD plans to build on DynaSys’ existing markets and further expand the penetration of n.SKEP, DynaSys’ flagship product, into QAD’s global customers and the global supply chain planning market. DynaSys will operate as a division of QAD. QAD expects the acquisition will add some additional revenue to the second quarter of FY13, however, at this time, the company has no formal update to its prior financial guidance.
“We are very pleased to welcome DynaSys into the QAD organization,” said QAD Chairman and President Pamela Lopker. “We are excited about the supply chain planning capabilities that DynaSys brings to the QAD product suite, as well as the top-tier customers already using their solution. DynaSys has developed a unique set of capabilities in their n.SKEP product set that we believe will benefit many of our global customers and other companies striving to improve their supply chain effectiveness.”
“At QAD we have a vision for the future where every customer can call themselves an Effective Enterprise, with every business process working at peak efficiency and perfectly aligned to their strategic goals,” continued Lopker. “This acquisition will aid in making that vision a reality by adding additional strength to our current supply chain planning capabilities. In addition, DynaSys is rich in both talent and technology, with exceptional customer commitment, so we see a strong cultural fit between the organizations.”Ariel Weil, CEO of DynaSys, has been named general manager of QAD’s DynaSys Division. “We are very excited to be joining QAD, and believe that by joining forces we will be able to continue to serve our existing customers, as well as expand to even more global markets. This is a positive move for DynaSys, QAD, and all of our customers,” Weil said. “By leveraging QAD’s global footprint and strategic focus on emerging markets, we will be better able to serve existing and new customers in additional geographies. We look forward to a successful future as part of QAD as we work together to improve global supply chain effectiveness, and help customers become effective enterprises.”
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