QAD India Wins Global HR Excellence Award for Organizations with Best Employee Relations Practices

QAD Rupali Mahadik Also Honored as an HR Super Achiever (India)

SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, today announced that QAD India has won a Global HR Excellence award for Best Employee Relations Practices presented by World HRD Congress.

"We are proud to receive the Global HR Excellence Award for Organizations with Best Employee Relations Practices," said QAD Senior VP and Chief People Officer Kaye Swanson. "Acknowledgment from the Council, for our OneQAD framework; our QAD Cares program in response to the COVID-19 pandemic; and, for the promotion throughout the organization of our Core Values – Clarity, Unity, and Agility, is gratifying. Additionally, the award validates that our talent development strategies, reward and recognition, employee experience, and emphasis on diversity and inclusion help our employees accelerate their performance and drive to deliver a superior customer experience."

The Times Ascent Presents 29th Edition of the World HRD Congress and Awards 2021 were presented Feb. 16 during an award ceremony at the Taj Lands Ends, Mumbai. The awards recognize the Best of the Best in Human Resources. In addition to the Global HR Excellence Award, QAD Senior Human Resources Manager Rupali Mahadik won an HR Super Achiever (India) award recognizing her as a thought leader in Human Resources. QAD was recognized last year as one of India's "Dream Companies to Work for" at World HRD Congress 2020.

Launched in 1992, the annual World HRD Congress reviews evolving trends in human resource management and provides practitioners with opportunities to acquire skills and maximize competencies that are crucial in today's fast-paced business environment. World HRD Congress brings together over 1,800 human resource professionals from more than 133 countries.

Based in Santa Barbara, California, QAD provides enterprise resource planning (ERP) software and services for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial manufacturing industries. Its India operations were founded in October 2005 and was recently expanded to help service the increasingly important Asia Pacific market, and especially India’s rapidly-growing automotive industry.

About QAD – Enabling the Adaptive Manufacturing Enterprise

QAD Inc. is a leading provider of adaptive, cloud-based enterprise software and services for global manufacturing companies. Global manufacturers face ever-increasing disruption caused by technology-driven innovation and changing consumer preferences. In order to survive and thrive, manufacturers must be able to innovate and change business models at unprecedented rates of speed. QAD calls these companies Adaptive Manufacturing Enterprises. QAD solutions help customers in the automotive, life sciences, consumer products, food and beverage, high tech and industrial manufacturing industries rapidly adapt to change and innovate for competitive advantage.

Founded in 1979 and headquartered in Santa Barbara, California, QAD has 30 offices globally. Over 2,000 manufacturing companies have deployed QAD solutions including enterprise resource planning (ERP), demand and supply chain planning (DSCP), global trade and transportation execution (GTTE) and quality management system (QMS) to become an Adaptive Manufacturing Enterprise. To learn more, visit www.qad.com or call [phone]. Find us on Twitter, LinkedIn, Facebook, Instagram and Pinterest.

"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 the COVID-19 (novel coronavirus) pandemic or other catastrophic events that may harm our business; adverse economic, market or geo-political conditions that may disrupt our business; 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.