|By Business Wire||
|May 6, 2014 02:02 PM EDT||
QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise resource planning (ERP) solutions and services for global manufacturers, today announced that the software organization is leading the way in helping manufacturers embrace cloud solutions. Industry analyst reports show cloud is being adopted among manufacturing companies.
A study conducted by Gartner in January revealed that 47 percent of surveyed organizations will move their core ERP to the cloud in the next five years. QAD responded to this trend several years ago by deploying ERP solutions in the cloud, matching the same functionality and features of its on-premise ERP solutions. The QAD Enterprise Cloud is being discussed in multiple sessions this week in New Orleans where nearly 800 executives have gathered at the Explore 2014 QAD Customer Conference. Fifteen percent of the 2014 Explore attendees are QAD Enterprise Cloud customers.
The QAD Enterprise Cloud is comprised of three categories:
- QAD Cloud Apps which includes QAD Cloud ERP, QAD QMS (quality management system), and QAD TMS (transportation management system).
- QAD Cloud Services which includes QAD Cloud EDI, QAD’s managed Electronic Data Interchange solution.
- QAD Cloud Portal which includes QAD Supplier Portal, QAD’s supplier portal for managing supply chain activities.
QAD Cloud ERP alleviates the burden of maintaining an IT infrastructure while providing a full-strength enterprise resource planning solution with predictable costs, flexible deployment and reliable system availability. It is the only cloud software solution focused exclusively on global manufacturing needs.
“QAD Cloud ERP offers customers the same functionally rich, fully tested, enterprise-strength solution of our on-premise ERP solution,” said Pam Lopker, QAD president and chairman. “Global manufacturers have the option to transition some or all of their enterprise applications to the cloud without sacrificing security or the highly praised customer experience found with the on-premise model.”
About QAD – The Effective Enterprise
QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB) is a leading provider of enterprise software and services designed for global manufacturing companies. For more than 30 years, QAD has provided global manufacturing companies with QAD Enterprise Applications, an enterprise resource planning (ERP) system that supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD Enterprise Applications is offered in flexible deployment models as on-premise software, in the cloud with QAD Cloud ERP or in a blended environment. With QAD, customers and partners in the automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries can better align daily operations with their strategic goals to meet their vision of becoming more Effective Enterprises.
For more information about QAD, call +1 805-566-6000, visit 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. Words such as “expects”, “believes”, “anticipates”, “could”, “will likely result”, “estimates”, “intends”, “may”, “projects”, “should”, and variations of these words and similar expressions are intended to identify these forward looking statements. Forward-looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and future conditions. 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 2013 ended January 31, 2013, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.
In a world of ever-accelerating business cycles and fast-changing client expectations, the cloud increasingly serves as a growth engine and a path to new business models. Dynamic clouds enable businesses to continuously reinvent themselves, adapting their business processes, their service and software delivery and their operations to achieve speed-to-market and quick response to customer feedback. As the cloud evolves, the industry has multiple competing cloud technologies, offering on-premises ...
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