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QAD Named a Finalist by 2019 Stratus Awards

SANTA BARBARA, Calif.--(BUSINESS WIRE)--

QAD Inc. (QADA) (QADB), a leading provider of flexible, cloud-based enterprise resource planning (ERP) software and services for global manufacturing companies, announced today that the Business Intelligence Group has named QAD a Finalist in its 2019 Stratus Awards. The annual Stratus Awards identify companies, products and people offering unique solutions that take advantage of cloud technologies.

“QAD is helping to drive practical innovations in the cloud,” said Maria Jimenez, Chief Nominations Officer of Business Intelligence Group. “The cloud is now part of the fabric of our personal and professional lives and we are thrilled that our volunteer judges were able to help promote all of these innovative services, organizations and executives.”

The QAD Adaptive Applications portfolio of cloud solutions is headlined by QAD Adaptive ERP featuring the Adaptive User Experience (UX) and built on the QAD Enterprise Platform. It also includes a number of related solutions including QAD Supplier Portal, QAD Cloud EDI and QAD Automation Solutions, all of which integrate seamlessly with QAD Adaptive ERP. Whether a manufacturer needs supplier relationship management, eInvoicing, EDI, trade management, supply chain planning, demand planning, transportation execution or other enterprise solutions, QAD Adaptive Applications offers a proven set of cloud solutions purpose-built for manufacturers and the changing requirements they face.

“QAD has gained a lot of experience in the cloud since we first offered a cloud solution in 2003,” said QAD CEO Anton Chilton. “With manufacturers facing so much change and disruption, putting their business processes in the cloud allows companies to more easily adapt to change and leverage it for business advantage while keeping focused on what's most important to them: building great products and servicing their customers. QAD and its customers view cloud not as a deployment option, but as a strategic business decision.”

About QAD

QAD Inc. (QADA) (QADB) is a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies. QAD Adaptive ERP for manufacturing supports operational requirements in the areas of financials, customer management, supply chain, manufacturing, service and support, analytics, business process management and integration. QAD's portfolio includes related solutions for quality management software, supply chain management software, transportation management software and B2B interoperability. Since 1979, QAD solutions have enabled customers in the automotive, consumer products, food and beverage, high tech, industrial manufacturing and life sciences industries to better align operations with their strategic goals to become Effective Enterprises.

To learn more, visit www.qad.com or call +1 805-566-6000.

"QAD" is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.

About Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry and business award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

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, including, but not limited to, statements regarding projections of revenue, income and loss, capital expenditures, plans and objectives of management regarding the company's business, future economic performance or any of the assumptions underlying or relating to any of the foregoing. Forward-looking statements are based on the company's current expectations. Words such as "expects," "believes," "anticipates," "could," "will likely result," "estimates," "intends," "may," "projects," "should," "would," "might," "plan" and variations of these words and similar expressions are intended to identify these forward-looking statements. 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: risks associated with our cloud service offerings, such as defects and disruptions in our services, our ability to properly manage our cloud service offerings, our reliance on third-party hosting and other service providers, and our exposure to liability and loss from security breaches; demand for the company's products, including cloud service, licenses, services and maintenance; pressure to make concessions on our pricing and changes in our pricing models; protection of our intellectual property; dependence on third-party suppliers and other third-party relationships, such as sales, services and marketing channels; changes in our revenue, earnings, operating expenses and margins; the reliability of our financial forecasts and estimates of the costs and benefits of transactions; the ability to leverage changes in technology; defects in our software products and services; third-party opinions about the company; competition in our industry; the ability to recruit and retain key personnel; delays in sales; timely and effective integration of newly acquired businesses; economic conditions in our vertical markets and worldwide; exchange rate fluctuations; and the global political environment. For a more detailed description of the risk factors associated with the company and factors that may affect our forward-looking statements, please refer to the company's latest Annual Report on Form 10-K and, in particular, the section entitled "Risk Factors" therein, and in other periodic reports the company files with the Securities and Exchange Commission thereafter. Management does not undertake to update these forward-looking statements except as required by law.

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