QAD LAUNCHES LATEST RELEASE OF QAD ENTERPRISE APPLICATIONS
QAD 2011.1 Enterprise Edition Delivers Foundational and Core Product Changes for Enhanced Customer Performance, Flexibility and Satisfaction
SANTA BARBARA, Calif., SEPTEMBER 29, 2011 –QAD Inc. (NASDAQ: QADA, QADB), a leading provider of enterprise software and services for global manufacturing companies, today announced general availability of QAD Enterprise Applications 2011.1 Enterprise Edition (QAD 2011.1 EE), the latest release of its enterprise resource planning (ERP) suite.
QAD 2011.1 EE delivers enhancements across the entire QAD Enterprise Applications suite, spanning updates from foundation-level framework to new product modules, including QAD Monitoring Framework, QAD Business Intelligence (BI) 3.5, Package Exception Management (PEM) 1.0, and QAD Enterprise Asset Management (EAM) 12.4. Collectively, these key upgrades focus on analytics, enhanced data integration, monitoring, reporting and/or delivery.
QAD BI 3.5 provides companies access to their data in an intuitive, browser-based interface, or using an iPad app enabling customers access to Key Performance Indicators (KPIs) anywhere, anytime.
QAD 2011.1 EE also helps companies to monitor and manage the performance of their system and integration to other applications with its QAD Monitoring Framework, QXtend and QXtend Excelerator enhancements. These applications also serve as a foundation for future QAD product releases and delivery methods.
QAD Monitoring Framework enables companies to monitor and report on their entire system availability, including non-QAD software, hardware and infrastructure. Companies can review performance usage and patterns, trends, system bottlenecks and other activity, and create alerts, graphs and reports.
Additionally, QAD’s interoperability application, QXtend 1.7.2, and its optional integration tool QXtend Excelerator provide companies enhanced data integration and manageability.
To enable transparency across the supply chain, QAD has developed a new application add-on for its Transportation Management System (TMS) suite called Package Exception Management .This solution gives customers a portal to track and manage multiple carriers, and provides visibility of shipments through delivery and a proactive communications tool to increase their customer service levels and drive down costs.
In addition, QAD delivers further enhancements to its leading-edge user interface, better supporting role-based usage and further improving user efficiency.
“QAD’s aim is to help manufacturers operate at peak efficiency. We believe this release will significantly assist in achieving that goal,” explained Pam Lopker, president and founder of QAD. “We added and improved many features providing greater visibility and integration throughout the application. We’ve taken further strides in simplifying deployment with QAD 2011.1 and offer both on demand and on premise delivery options.”
QAD will provide details of the release in its upcoming QAD 2011.1 Advantage webinar being held on November 1, 2011 at 8 am PDT. QAD President and Founder Pam Lopker will provide an overview of the product, while QAD CEO Karl Lopker, QAD Senior Vice President of Research and Development Bill Keese, and QAD Chief Marketing Officer Gordon Fleming address other updates with attendees. This webinar will be accessible online any time following its initial broadcast. Register for the webcast today.
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.
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 2011 ended January 31, 2011.