QAD Appoints NEW MANAGING DIRECTOR FOR QAD AUSTRALIA
Clive Lovell Oversees Local Execution of QAD Global Strategy in Australia and New Zealand
SANTA BARBARA, Calif., SEPTEMBER 30, 2011 –QAD Inc. (NASDAQ: QADA, QADB), a leading provider of enterprise software and services for global manufacturing companies, announced today the appointment of Clive Lovell to the position of Managing Director of QAD Australia Pty. Ltd.
Lovell was selected for this executive post for his unique combination of technical, sales and executive management experience and 11 years of progressive service with QAD, including presales, consulting and account management.
In June 2011, Lovell officially assumed the role. He is responsible for overseeing all regional personnel and operations for QAD Australia, which includes offices in Sydney, Adelaide, and Melbourne, and its distribution partner in Queensland.
“We’re very excited that Clive is leading our Australian team,” said Paul Henderson, senior vice president of QAD Asia Pacific. “His exemplary leadership skills, combined with his extensive regional experience, particularly in growing demand and meeting customer needs, are instrumental in assuring we’ll meet our targets for the region.”
Lovell’s objective is to effectively execute QAD’s key corporate initiatives in the region, particularly its intensified focus on customer engagement and business process management, and building QAD’s presence in New Zealand.
He and his team are focused on helping customers to achieve QAD’s vision for the future it calls The Effective Enterprise, in which all of its customers’ business processes are operating at peak efficiency and aligned perfectly with their strategic goals. In doing so, they will building awareness and adoption for QAD On Demand, the company’s enterprise resource planning solution delivered in a Software as a Service (SaaS) model, as well as QAD Enterprise Applications on premise solution.
Given Australia’s current economic climate, Lovell posits that QAD On Demand is an ideal solution for companies’ present needs, particularly those companies in the commercial and retail sector that need to divest divisions or open offshore plants in Asia where manufacturing is booming. Lovell also sees opportunity for QAD with the market’s latest trend of companies increasingly adopting vertical distribution strategies.
Prior to joining QAD, Lovell held a number of management roles in IT, including several years as senior manager for Ernst & Young in Australia, where he established an IT consulting team for its Business Services Group, which served the small-to-medium enterprise (SME) sector throughout the country.
Lovell attended the University of South Australia and specialized in Accounting and Business.
About QAD
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 2011 ended January 31, 2011.
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