|[May 08, 2012]
QAD Opens Explore 2012 Global Customer Conference in Atlanta, Georgia
SANTA BARBARA, Calif. --(Business Wire)--
QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), a leading provider of enterprise
software and services for global manufacturers, today previewed the
latest developments in its software product suite, and announced new
customer engagement initiatives, during the opening keynote addresses of
its four-day QAD
Explore 2012 Customer Conference at the Hilton
Atlanta hotel in Atlanta, Georgia, being held May 7 - 10,
Karl Lopker, chief executive officer for QAD, opened the conference
welcoming global manufacturing customers from 23 countries along with QAD
partners and employees to the best attended conference in four
years. Lopker discussed the impact of global economic factors on
manufacturing and previewed QAD's plans for the future. Lopker also
discussed the Effective
vision for global manufacturers, where their every business process
works at peak efficiency and is perfectly aligned with their strategic
QAD founder and President Pam Lopker delivered a keynote address
technology plan to reach the Effective Enterprise focusing on the
QAD's product architeture, usability, analytics and global reach.
Lopker previewed new mobile applications including global requisition
system (GRS), and product enhancements such as social features, enhanced
metrics history and business process automation.
Anton Chilton, senior vice president of Global Services for QAD,
delivered a keynote address on essential tools and solutions provided by
QAD to help customers reach
the Effective Enterprise. Chilton introduced new methods to enable
customers to implement QAD solutions quicker and easier than ever
before. He also announced an expanded QAD partner network and new
product certification guidelines for customers.
"We are pleased to be hosting a record crowd at Explore 2012," said Pam
Lopker. "It's exciting to showcase new technology and solutions to help
our customers achieve their business goals, and to reach
the Effective Enterprise - as well as catch up with old friends."
Explore 2012 continues through Thursday, May 10, 2012; to learn
more, visit: www.qad.com/explore.
QAD is a leading provider of enterprise applications for global
manufacturing companies specializing in automotive, consumer,
electronics, food and beverage, industrial and life sciences 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. 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 2012 ended January 31, 2012, and in particular, the section
entitled "Risk Factors" therein, and in other periodic reports the
company files with the Securities and Exchange Commission.
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