Precision Software Named a 2017 Top Logistics IT Provider by Inbound Logistics Magazine

Precision recognized as an industry leader for the sixth consecutive year

SANTA BARBARA, Calif.--()--Precision Software, a leading provider of global shipment execution and global trade management software solutions, today announced it has been named a Top Logistics IT Provider by Inbound Logistics magazine for the sixth consecutive year. Precision Software is a division of QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB).

When choosing the 2017 Top 100 Logistics IT Providers, Inbound Logistics editors looked at excellence in optimizing internal transport and logistics operations. At a strategic level, selections were based on how transformative solutions impact outward-facing business activities driving integration across internal, as well as external, business processes.

“Today’s business leaders are struggling to balance the need for advance planning against the demands for supply chain agility, reducing inventory touches and wrangling the complexity of logistics and global trade,” said Felicia Stratton, editor, Inbound Logistics. “Precision Software’s solutions solve specific logistics challenges, improve processes and create a ripple effect of efficiencies across the entire value chain, and that’s why Inbound Logistics editors have recognized Precision as one of our 2017 Top 100 Logistics IT Providers.”

Precision Software’s industry leading transportation and global trade management software delivers intelligence to businesses around the world. The components of the PRECISION solution include: Multi-Carrier and Enterprise Shipping, Global Trade and Export Management, Trade Compliance, Package Exception Management and Freight Bill, Audit, Pay. They share a common platform and can share the same database, rules, workflows and user interface. PRECISION Cloud allows companies with national or international transportation or logistics needs to leverage the components of Precision Software’s intelligent, feature-rich solution in a SaaS model.

“We are honored to once again receive this recognition for enabling our customers to realize bottom line results as they efficiently move goods through the supply chain to meet customer demands,” said Precision Software President, Steve Gardner. “We believe this award reflects our commitment to delivering intelligence by offering innovative, world-class logistics solutions to address many of the evolving challenges our customers face.”

About Inbound Logistics Magazine IT Logistics

Inbound Logistics is the pioneering publication of demand-driven logistics practices, also known as supply chain management. IL’s educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift. More information about demand-driven logistics practices is available at www.inboundlogistics.com

About Precision Software – Delivering Intelligence

Precision Software, a division of QAD Inc., (NASDAQ: QADA) (NASDAQ: QADB), provides industry-leading shipment execution and global trade management software solutions from a single, integrated platform. The Precision suite of products is designed with open architecture allowing for easy integration with leading Enterprise Resource Planning (ERP), Warehouse Management Systems (WMS) and existing legacy solutions to reduce transportation costs, avoid delays at trans-border crossings and mitigate the risks associated with dynamic trading environments. Precision Software customers span multiple industries including banking & finance, life sciences, consumer products, high technology, retail, industrial, automotive and logistics providers. For more information about Precision Software, visit www.precisionsoftware.com or email information@precisionsoftware.com.

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

QAD Inc.
Scott Matulis, 818-451-8918
Public Relations
publicrelations@qad.com
or
Evan Quinn, 617-869-7335
Analyst Relations
industryanalyst@qad.com

Release Summary

Precision Software announced it has been named a Top Logistics IT Provider by Inbound Logistics magazine.

Contacts

QAD Inc.
Scott Matulis, 818-451-8918
Public Relations
publicrelations@qad.com
or
Evan Quinn, 617-869-7335
Analyst Relations
industryanalyst@qad.com