QAD Launches QAD Enterprise Applications 2011 in Central and Eastern Europe (CEE)

Published on June 23, 2011 in Data Management, Technology

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Executives to Unveil Product Enhancements and Discuss Manufacturing Trends in the Czech Republic, Hungary and Poland on June 20

SANTA BARBARA, Calif. (June 23, 2011) – QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), a leading provider of enterprise business software and services for global manufacturing companies, announced today the availability of QAD Enterprise Applications 2011 Enterprise Edition (QAD 2011 EE) in Central and Eastern Europe (CEE).

QAD conducted a media/analyst tour on June 20

Fleming discussed how QAD enhancements to QAD 2011 EE usability, mobile application support, business processes, business intelligence and product features are designed to help customers achieve its corporate vision for the Effective Enterprise. This over-arching vision aims to enable all of QAD’s customers’ business processes to work at peak efficiency and be perfectly aligned with their strategic goals.

As QAD’s default platform, QAD 2011 EE includes enhancements to its Enterprise Financials module and Planning and Scheduling Workbenches, as well as changes to more than 50 reports, browses and inquires in its Manufacturing and Supply Chain applications.

Additionally, QAD unveiled new versions of QAD Enterprise Asset Management (EAM) and Business Intelligence (BI v.3.4) and highlight the complete integration of the .NET User Interface (UI) throughout the application suite.

BI version 3.4 continues QAD’s drive to integrate more modules for analysis and is an improved portal for better data exploration and multi-language support. Moreover, this version addresses customers’ increasing need for access to critical data on mobile devices, including the iPad, and Android and iOS mobile platforms.

“We’re proud that QAD Enterprise Applications is used among leading regional and global manufacturers in Central and Eastern Europe,” noted Fleming. “As the manufacturing industry continues its recovery, particularly in the automotive sector, supporting this region remains a key priority for QAD. That’s why we’re so pleased to share how QAD is continuing to innovate to meet our customers’ growing needs.”

QAD also offers flexible and rapid deployment options with QAD 2011 EE offering on demand, on premise and hybrid delivery options. Moreover, QAD’s revolutionary implementation methodology called Easy On Boarding uses best practice templates and global standards to significantly accelerate deployments and enable customers to achieve a faster return on investment and a superior ownership experience

To learn more about the enhancement details of QAD 2011, visit: http://www.qad.com/erp/Upgrade-to-QAD-2011.

About QAD

QAD is a leading provider of enterprise resource planning (ERP) applications for global manufacturing companies. QAD applications, including SaaS ERP 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. Manufacturers of automotive, consumer products, electronics, food and beverage, industrial and life science products use QAD applications at approximately 6,000 licensed sites in more than 90 countries and in as many as 26 languages. For more information about QAD, telephone +1 805 684 6614, 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.

Source: QAD

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