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QAD Unveils the QAD Enterprise Platform to Provide a Foundation for Enterprise Resource Planning AgilitySANTA BARBARA, Calif., Oct. 12, 2017 /PRNewswire/ -- QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB), a leading provider of enterprise software and services designed for global manufacturing companies, today announced the launch of the QAD Enterprise Platform, an enterprise platform for manufacturers that provides a foundation for agility. New technology, changes in customer demand, public policy regulations, compliance and a host of other challenges can disrupt a manufacturer's strategy and related business processes. QAD believes the ability of an enterprise resource planning (ERP) solution to respond quickly to these types of disruptions, to deliver fit to requirements as they change over time and to support new business processes, is key to its effectiveness. The QAD Enterprise Platform gives manufacturers the ability to rapidly adapt to change and exploit new technologies, ensuring their business processes stay aligned with a rapidly evolving business environment. It provides a device-independent, agile platform that allows customers to expand QAD Cloud ERP's functionality with new capabilities through extensibility, personalization and the ability to write new apps without writing code. "The pace of change has increased dramatically, making the ability to react quickly a must-have for enterprise applications. The QAD Enterprise Platform is engineered to be agile," said Pam Lopker, QAD's chairman and president. "Traditional ERP solutions react to change and achieve fit through costly, time-consuming customizations which make upgrades to the latest functionality difficult. Our platform reduces the need for customization, allowing customers to extend and personalize our software without touching the source code. This provides greater adaptability and increases the value of enhancements through greater longevity." The QAD Enterprise Platform provides five rapid response technologies, each of which addresses a common cause of ERP solution customization:
"QAD has taken the need for ERP agility seriously and architected the QAD Enterprise Platform specifically to accommodate change," said industry analyst Cindy Jutras. "Agility provides you with the ability to innovate, evolve and change in order to take full advantage of new and evolving business opportunities. For current and future QAD customers, the QAD Enterprise Platform is the key to agility." About QAD – The Effective Enterprise For more information about QAD, call +1 805-566-6000, visit http://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. Contacts: QAD Inc. or Evan Quinn 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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