QAD Channel Islands Achieves VerAfied Status

VerAfied status underscores QAD’s commitment to solution security

SANTA BARBARA, Calif.--()--QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB) a leading provider of enterprise business software and services for global manufacturing companies, today announced that the security layer of the QAD Channel Islands user experience has earned the VerAfied status from Veracode. The newly achieved status underscores QAD’s commitment to developing secure solutions.

The VerAfied status from Veracode signifies that QAD provides customers a high level of software assurance and security verification. Software earning VerAfied status must employ security measures that meet or exceed industry standards for security, reliability and compliance. The assessment of the QAD Channel Islands’ security layer used a variety of Veracode’s testing methodologies. The VerAfied status includes an independent review of all findings in order to ensure QAD’s software has met this strict standard for security.

QAD Channel Islands offers a user experience to help manufacturers make better decisions and streamline transactions. Currently available to early adopters, the first phase of Channel Islands, called Anacapa, was introduced in 2015 and the second phase, called Santa Cruz, was introduced at QAD Explore 2016 in Chicago. One of the key Channel Islands’ goals is to make using QAD Cloud ERP simple and intuitive for the first time user while supporting the more flexible needs of advanced users that cross several roles. Channel Islands uses a Restful API based architecture to make it straightforward to adapt to currently popular user interface technology like HTML5 and to future-proof the user experience as new user interface technologies come to market.

“It is crucial that our customers know that their information is secure,” said QAD Chief Technology Officer Tony Winter. “We included security in the Channel Islands development lifecycle from the beginning. So when a prospective customer says, ‘Are you following best practices?’ we can show them that we are. Earning the VerAfied mark lets our customers know that we have done our due diligence to achieve a high level of security.”

“We are finding that CIOs and CSOs are asking their purchasing teams to take security into consideration when procuring new applications. For this reason, it is important that software vendors find a way to demonstrate that their software is built using secure development practices,” said Chris Wysopal, CTO and CISO, Veracode. “The VerAfied mark tells the world that QAD is assessing for application vulnerabilities and complying with industry standards, but more importantly, it lets their customers know that QAD is a vendor they can trust to keep their data secure.”

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.

About Veracode
Veracode is a leader in securing web, mobile and third-party applications for the world’s largest global enterprises. By enabling organizations to rapidly identify and remediate application-layer threats before cyberattackers can exploit them, Veracode helps enterprises speed their innovations to market – without compromising security.

Veracode’s powerful cloud-based platform, deep security expertise and systematic, policy-based approach provide enterprises with a simpler and more scalable way to reduce application-layer risk across their global software infrastructures.

Veracode serves hundreds of customers across a wide range of industries, including nearly one-third of the Fortune 100, three of the top four U.S. commercial banks and more than 20 of Forbes’ 100 Most Valuable Brands. Learn more at www.veracode.com, on the Veracode blog and on Twitter.

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

QAD Inc.
Evan Quinn, 617-869-7335
Analyst Relations
industryanalyst@qad.com
or
Scott Matulis, 818-451-8918
Public Relations
publicrelations@qad.com
or
Veracode
Highwire PR
Bill Bode, 415-963-4174, x49
veracode@highwirepr.com

Release Summary

QAD today announced that the security layer of the QAD Channel Islands user experience has earned the VerAfied status from Veracode.

Contacts

QAD Inc.
Evan Quinn, 617-869-7335
Analyst Relations
industryanalyst@qad.com
or
Scott Matulis, 818-451-8918
Public Relations
publicrelations@qad.com
or
Veracode
Highwire PR
Bill Bode, 415-963-4174, x49
veracode@highwirepr.com