Business Intelligence Group Selects QAD as Finalist for Cloud Company of the Year

Stratus Awards recognizes industry leaders in cloud technology

SANTA BARBARA, Calif.--()--QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services for global manufacturing companies, announced today that the Business Intelligence Group selected QAD as a Finalist in the Cloud Company of the Year category of the annual Stratus Awards. Of the 6 Finalists and 2 Winners for Cloud Company of the Year, QAD was the only cloud ERP vendor.

“We are pleased Business Intelligence Group recognized QAD as a Finalist in the prestigious Cloud Company of the Year Stratus Awards,” said QAD Chief Technology Officer Tony Winter. “It is an honor to be among the outstanding and innovative companies that were evaluated. It is a great recognition for our world class engineering and cloud operations teams.”

QAD congratulates Dell Boomi, a QAD partner, for winning the Cloud Company of the Year Stratus Award in the small company category. Mr. Winter said, “We applaud the choice of Dell Boomi as Cloud Company of the Year. We are proud to partner with Dell Boomi which offers a leading integration solution for cloud applications and clouds of all kinds.”

The annual Stratus Awards, conducted by the Business Intelligence Group, recognizes those companies and individuals innovating in the cloud and providing offerings that are truly differentiated in the market.

“We are excited that the Business Intelligence Group chose Dell Boomi as Cloud Company of the Year in the Stratus Awards,” stated Ed Wiggins, Director, Business Development at Dell Boomi. “We also congratulate our partner QAD for achieving Finalist in the Cloud Company of the Year category.”

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.

Contacts

Markit Strategies
Patrick McLaughlin, 734-255-6466
patrickm@markitstrategies.com
or
QAD Inc.
Evan Quinn, 617-869-7335
Analyst Relations
industryanalyst@qad.com

Release Summary

QAD Inc. announced that the Business Intelligence Group selected QAD as a Finalist in the Cloud Company of the Year Stratus Awards.

Contacts

Markit Strategies
Patrick McLaughlin, 734-255-6466
patrickm@markitstrategies.com
or
QAD Inc.
Evan Quinn, 617-869-7335
Analyst Relations
industryanalyst@qad.com