QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), announced today that Miniflex Ltd., a manufacturer of optical fiber protection, management and installation systems, has selected QAD Enterprise Applications On Demand to transition the company from start-up to full production.Founded in 1994, Miniflex has catapulted to the forefront of fiber protection technology. Based in Suffolk, UK, the company operates in multiple locations, including two manufacturing sites that design and deliver fiber protection products to help improve fiber safety and reliability for customers worldwide in such diverse industries as telecom, medical, aviation and defense.
Although Miniflex management still views the company as a research-based start-up, it operates a complex manufacturing business and a global customer base, and is now poised for full production. Miniflex needed a flexible enterprise resource planning (ERP) solution to support the company’s aggressive growth, without taxing its current budget and resources.
“We have three key goals – growth, profitability and customer satisfaction,” said Tom Carpenter, chief operating officer for Miniflex. “The next two to three years will be critical for us. It’s vital that we focus our resources on our key goals and minimize any effort or expenditure that may distract us from them. That’s why we decided early in the project that QAD On Demand was the correct ERP solution for us.”
QAD On Demand is a Software as a Service (SaaS) solution that will provide Miniflex all of the QAD Enterprise Applications functionality, while reducing its total cost of ownership and allowing its IT staff to focus internal resources elsewhere. Moreover, QAD On Demand mitigates many of the IT and financial risks associated with a new ERP implementation, as all of the software, systems and infrastructure are managed and administered by QAD in a secure, reliable and industry compliant data center.
This solution will provide Miniflex with a level of ERP functionality typically enjoyed by much larger companies, yet affordable and adaptable enough to support the company as it expands.
“QAD’s On Demand solution most closely meets our needs, giving great functionality, superior data analysis and business control, out-of-the-box – at a competitive price,” Carpenter added.
Miniflex offers everything needed to install and protect raw fiber. The company’s extensive portfolio of products can be used in any environment where fiber needs protecting or installing. Miniflex specializes in producing industry leading fiber protection, routing and splice-less fiber systems to increase the reliability of fiber-optic networks and decreasing fiber installation costs.
Miniflex products and services are key to successful fiber application in the Fiber-To-The-Home (FTTH), Transport (airplanes, ships, cars) and Enterprise sectors.
Today, there are millions of meters of Miniflex deployed in the Fiber-to-the-home, data center, automotive and aerospace markets. For more information, visit: www.miniflex.co.uk.
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. 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 software products and products that operate with the company’s products; the company’s ability to sustain license and service demand; the company’s ability to leverage changes in technology; the company’s ability to sustain customer renewal rates at current levels; the publication of opinions by industry and financial analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; the entry of new competitors or new offerings by existing competitors and the associated announcement of new products and technological advances by them; delays in localizing the company’s products for new or existing markets; the ability to recruit and retain key personnel; delays in sales as a result of lengthy sales cycles; 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. In addition, revenue and earnings in the enterprise resource planning (ERP) software industry are subject to fluctuations. Software license revenue, in particular, is subject to variability with a significant proportion of revenue earned in the last month of each quarter. Given the high margins associated with license revenue, modest fluctuations can have a substantial impact on net income. Investors should not use any one quarter’s results as a benchmark for future performance. For a more detailed description of the risk factors associated with the company and the industries in which it operates, please refer to the company’s Annual Report on Form 10-K for fiscal 2009 ended January 31, 2009.