SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of cloud enterprise resource planning solutions and services for global manufacturers, announced today that it is celebrating 35 years in the manufacturing ERP software industry.
Founded by Pam Lopker in 1979, QAD has never lost its focus on providing an ERP solution that enables manufacturers to operate at maximum effectiveness in a lean manufacturing environment. Started in California, QAD has grown into a global business with more than 1,500 employees and 5,300 manufacturing facilities in more than 100 countries using QAD technology.
With a focus on automotive, consumer products, food and beverage, high tech, industrial and life sciences manufacturing, QAD is an industry leader in innovation and technology. An early advocate of open system solutions for manufacturers, QAD continues to lead with full functionality cloud ERP solutions that are providing the security and flexibility that today’s global manufacturers demand.
“Since its inception we built QAD with the same aspirational goal as we had for our customers: to operate as an Effective Enterprise. A company where every business process is perfectly aligned to the company’s strategic goals,” said QAD Founder and President Pam Lopker. “Our next 35 years and beyond will continue to be focused on providing innovative and effective resources that will serve our customers well and help ensure their success in manufacturing.”
“We would like to salute our customers, partners and staff who have gone on this 35 year journey with us,” said QAD CEO Karl Lopker. “Pam and I have always operated with the understanding that the success of our customers is the primary motivator for all of our decision-making. QAD will continue to operate with the best interests of our customers in mind as we move forward serving the best, most efficient manufacturers in the world.”
About QAD – The Effective Enterprise
QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB) is a leading provider of cloud 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: evolving demand for the company's products and companion products; the ability to sustain license and service demand; fluctuation in revenue and earnings in the software industry; the ability to leverage changes in technology; the ability to sustain customer renewal rates at current levels; third party opinions about the company; the reliability of estimates of transaction and integration costs and benefits; competition in our industry; delays in localizing the company's products for new or existing markets; the ability to recruit and retain key personnel; delays in sales; 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. For a more detailed description of the risk factors associated with the company, 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.