Precision Software, a division of QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB) and a leading provider of transportation and trade management solutions, announces a new partnership with DYMO™ Endicia®, a leading provider of shipping and mailing postage technology, thus increasing the level of U.S. Postal Service® (USPS) offerings for Precision’s customers. With this partnership, Precision Software now offers an integration framework to DYMO Endicia’s application, allowing customers to take advantage of shipping directly with the U.S. Postal Service and processing a broad range of USPS destination offerings with greater ease and efficiency.
"We are excited about partnering with an industry leader with such a comprehensive offering that is so complementary to our solution. The integrated product will be a great value-add for existing customers and those looking for an easier way to access USPS products and services,” said Robert Clesi, Senior Manager, Alliance Partners for Precision Software.
With Precision and DYMO Endicia, shippers can select USPS services for generating rate estimates, shipment labels and customs forms with paid postage, as well as creating Shipment Confirmation Acceptance Notice (SCAN) forms. The new integration framework increases the capabilities and ease for shipping processes like online tracking, address validation and correction, batch processing, and support for all USPS international services. Shippers will also have the ability to choose additional options (e.g. confirmation services, certified mail, etc.) from those available through USPS products and services.
“We are proud to partner with Precision to help their customers more efficiently access the USPS for their domestic and international shipping needs,” said Amine Khechfe, general manager and co-founder of DYMO Endicia. “Using DYMO Endicia’s technology, Precision customers will be able to seamlessly integrate the USPS into their shipping mix.”For more information on Precision Software’s services and support offerings, please visit http://www.precisionsoftware.com. About DYMO Endicia DYMO Endicia provides customizable, easy-to-use and affordable shipping and mailing software solutions. With more than 25 years of postal industry experience, DYMO Endicia is the leading provider of postage technology solutions with more than $6 billion in postage printed. For more information on DYMO Endicia products and services, visit www.endicia.com. Follow DYMO Endicia on Twitter @DYMO_Endicia. About Precision Software Established in 1984, Precision Software, a division of QAD Inc., provides industry-leading transportation and global trade management software solutions from a single, integrated platform. The PRECISION suite of products is designed with open architecture allowing for easy integration with leading Enterprise Resource Planning (ERP), Warehouse Management Systems (WMS) and existing legacy solutions to reduce transportation costs, avoid delays at trans-border crossings and mitigate the risks associated with dynamic trading environments. Precision Software’s customers span multiple industries including life sciences, consumer packaged goods, electronics, retail, industrial products, food and beverage, and 3rd party logistics providers. For more information about Precision Software, visit www.precisionsoftware.com or e-mail firstname.lastname@example.org. 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. Words such as “expects”, “believes”, “anticipates”, “could”, “will likely result”, “estimates”, “intends”, “may”, “projects”, “should”, and variations of these words and similar expressions are intended to identify these forward looking statements. Forward-looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and future conditions. 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 software products and products that operate with the company's products; the company's ability to sustain license and service demand; the company's ability to leverage changes in technology; the company's ability to sustain customer renewal rates at current levels; the publication of opinions by industry and financial analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; the entry of new competitors or new offerings by existing competitors and the associated announcement of new products and technological advances by them; delays in localizing the company's products for new or existing markets; the ability to recruit and retain key personnel; delays in sales as a result of lengthy sales cycles; 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. In addition, revenue and earnings in the enterprise resource planning (ERP) software industry are subject to fluctuations. Software license revenue, in particular, is subject to variability with a significant proportion of revenue earned in the last month of each quarter. Given the high margins associated with license revenue, modest fluctuations can have a substantial impact on net income. Investors should not use any one quarter's results as a benchmark for future performance. For a more detailed description of the risk factors associated with the company and the industries in which it operates, please refer to the company's Annual Report on Form 10-K for fiscal 2012 ended January 31, 2012, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.
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