SANTA BARBARA, Calif., Oct 25, 2010 — QAD Inc. (QADI) , a leading provider of enterprise software and services for global manufacturers, announced today it will unveil QAD Enterprise Applications 2010.1, the latest enhancement to its enterprise resource planning (ERP) software suite, to the India market on October 25 — 26, 2010 in Mumbai, India.
As part of the QAD Enterprise Applications 2010.1 global launch, Daniel Lender, executive vice president and chief financial officer for QAD and Stefan de Haar, QAD business unit manager, South Asia, will review product enhancements, and share QAD’s global manufacturing insights, corporate vision and business direction with leading India-based manufacturers and media.
QAD is proud that QAD Enterprise Applications is used among leading India-based manufactured product companies, including Compuage Infocom Ltd., Hindustan Coca Cola, Ricoh India Ltd., ADC India Communications Ltd., Bunge India Pvt Ltd., Comstar Automotive India.
“QAD views India as a key growth market and is dedicated to supporting its customers in this region. In fact, October marks a significant five-year anniversary milestone for QAD India, noted Lender. “We are excited to announce general availability of QAD Enterprise Applications 2010.1 Enterprise Edition (QAD 2010.1 EE) at such a noteworthy time and demonstrate how global manufacturers can operate more efficiently.”
As the latest QAD release to its enterprise resource planning (ERP) suite, QAD 2010.1 offers greater visibility, faster functionality and better usability across the entire QAD Enterprise Applications suite, with particular emphasis on areas including Business Intelligence, Fixed Assets, Warehouse Management, Enterprise Asset Management, Customer Management, and Supply Chain Portal.
QAD has taken further strides in simplifying deployment with QAD 2010.1, offering On Demand and On Premise delivery options, and giving manufacturers added flexibility with new enhancements such as task and process automation, streamlined compliance and reporting, instant messaging and alerts, and faster access to functionality. Additional enhancements to QAD’s Warehouse Management System and Enterprise Asset Management modules are also helping manufacturers increase lean and efficient production across their entire organization.
Through its offices in Mumbai, India, QAD provides dedicated services and support to the India marketplace. To learn more about the enhancement details of QAD 2010, visit www.qad.com/erp/Webinars and register for the QAD 2010.1 Advantage webcast.
QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer products, electronics, food and beverage, industrial and life science products. QAD applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners to make and deliver the right product, at the right cost and at the right time. For more information about QAD, telephone +1 805-566-6000, or visit the QAD web site at 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. 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 2010 ended January 31, 2010.