QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), a leading provider of enterprise software and services for global manufacturers, today announced Institut Universitaire de Technologie de Nancy-Brabois ( IUT), a well-known French technical university and part of the University of Lorraine, has deployed QAD Enterprise Applications 2011 to provide training on enterprise resource planning (ERP) software to students enrolled in the school’s advanced engineering program. The curriculum offered by IUT’s Mechanical and Production Engineering department provides students with a two-year course in engineering as the foundation for their studies. QAD provides IUT students an in-depth, hands-on experience with modern manufacturing ERP software as part of their studies. The ERP curriculum addresses a broad range of topics including, Cloud ERP, global manufacturing processes, best practices, and systems integration. “By working with QAD Enterprise Applications as part of their course, students come to understand best practice in manufacturing, and how all business processes work within manufacturing companies,” said Steve Gardner, EMEA vice president, sales and marketing, QAD. “We believe that providing the engineers and managers of the future access to our ERP solutions not only helps them fit into the workplace more easily, but in time, French manufacturing companies will benefit from the skills and awareness gained by these future leaders.” QAD Enterprise Applications is a complete ERP software solution designed to support global manufacturers. QAD Enterprise Applications enables measurement and control of key business processes, and embraces best practices to support companies, whether in a single plant or across an entire global organization. ”QAD is working with the support of IUT Nancy-Brabois to extend this program to other French universities, and provide QAD Enterprise Applications to as many engineering students as possible across the whole of France,” added Gardner. To learn more about QAD Enterprise Applications, visit www.qad.com. About IUT Nancy-Brabois The IUT Nancy-Brabois, part of the University of Lorraine, opened in 1966 and is one of the largest in France. It is installed on three sites: Villers-les-Nancy, Luneville, and Vandoeuvre at the Faculty of Medicine. The IUT Nancy-Brabois has been established to train technicians and middle managers of the French economy. To date, over 15,000 graduates are from Bac to Bac +2 and Bac +3, nearly 13,500 degrees from the University Institute of Technology and more than 1500 diplomas and professional licenses. The IUT Nancy-Brabois offers a range of eight specialties leading to Diploma and Professional Licensing: Electrical Engineering and Computer Engineering, Mechanical and Production Engineering, Civil Engineering, Chemical Engineering Process Engineering, Biological Engineering Agri-Food, Biological Engineering health Quality Logistics and Industrial Organization, Networks and Telecommunications. For more information about IUT Nancy-Brabois, visit the web site at http://www.iutnb.uhp-nancy.fr/. About QAD QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer, electronics, food and beverage, industrial and life sciences products. QAD applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners to make and deliver the right product, at the right cost and at the right time. For more information about QAD, telephone +1 805-566-6000, or visit the QAD web site at 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.
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 2011 ended January 31, 2011, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.