About QAD – The Effective EnterpriseQAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), is a leading provider of enterprise software and services designed for global manufacturing companies. For more than 30 years, QAD has provided global manufacturing companies with an enterprise resource planning (ERP) system that supports operational requirements; including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD offers flexible deployment options like QAD On Premise software and QAD On Demand software-as-a-service. Customers can operate in a blended environment where some users can be deployed On Premise and some users deployed via On Demand while offering the same end-user experience. With QAD, customers and partners in the automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries can better align daily operations with their strategic goals to meet their vision of becoming more Effective Enterprises. For more information about QAD, telephone +1 805-566-6000, visit 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 2013 ended January 31, 2013, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.
At the 2013 Progress Exchange Conference, executives from QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services for multinational manufacturers, shared the stage with Progress executives and other key industry leaders to share insights about trends and adoption of technologies for manufacturers.
QAD Executive Vice President Gordon Fleming (Photo: Business Wire)“ Progress is a long standing technology partner of QAD, and Progress Exchange is an excellent opportunity for us to engage with members of the Progress community from around the world, share best practices and hear about the latest developments such as Progress® Pacific™ , Progress’ platform-as-a-service (PaaS),” said Gordon Fleming, executive vice president of QAD. Manufactures Need Help to be Agile, Responsive and Focus on Innovation In an on stage discussion with Karen Tegan Padir, chief technology officer at Progress, Fleming shared insights about the challenges facing global manufacturers and how QAD would be leveraging elements of Progress Pacific to deliver solutions in the future to help support QAD’s customers. Fleming highlighted the ever increasing data volumes and velocity that manufacturers need to manage within their systems, and the need for improved business process efficiency. Tony Winter, chief technology officer of QAD presented a session on Application Lifecycle Management sharing QAD’s World Class practices in this area supporting development in the Progress OpenEdge environment. QAD Helps Manufacturers Benefit from the Cloud Fleming shared further insights on how many manufacturers were seeking to use QAD’s full-strength cloud enterprise resource planning (ERP) solution to improve operating efficiency and ‘free up’ resource to focus on other initiatives in their business. He also commented on the increase in data volume that is being spawned by compliance initiatives and the opportunities that this ‘Big Data’ may afford in future. Close Partnership “QAD has maintained a close partnership with Progress for more than 30 years and is pleased to have the opportunity to participate in Progress Exchange,” said Fleming.