QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB), a leading provider of enterprise business software and services for global manufacturing companies, announced today that according to the recent North America, Europe and the World Top Suppliers report from Automotive News, 80 percent of the top 20 and 50 of the top 100 global automotive suppliers use QAD. These QAD customers generated revenue of approximately $521 billion in 2016. QAD's ERP solutions are currently deployed at over 1,000 automotive supplier facilities in 58 countries. QAD Enterprise Applications includes industry-specific functionality for automotive suppliers such as OEM-specific EDI and bar coding in addition to standard web-based supplier communications, release management, business process management, business intelligence, supply chain management, lean manufacturing and financials. QAD QMS helps customers meet stringent OEM requirements. QAD is an industry leader in sharing manufacturing best practices and collaborates with the Automotive Industry Action Group (AIAG) in the U.S. and with Odette in Europe to develop methods and systems to support risk management and the global Materials Management Operations Guidelines/Logistics Evaluation (MMOG/LE) standard, a critical program that ensures that global manufacturers are operating at maximum efficiency. "Our customers provide components for a large number of vehicles," said QAD Automotive Director Terry Onica. "The high percentage of automotive suppliers who use QAD solutions is a testament to our experience and expertise in the complex, global and ultra competitive automotive industry. As the industry continues to rapidly evolve with trends like electric and autonomous vehicles, these suppliers continue to put their trust in QAD." About QAD - The Effective Enterprise QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB) is a leading provider of enterprise software and services designed for global manufacturing companies. For more than 35 years, QAD has provided global manufacturing companies with QAD Enterprise Applications, 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 Enterprise Applications is offered in flexible deployment models in the cloud, on-premise or in a blended environment. 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, call +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, 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.