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Independent Research Firm Cites QAD as a Leader in Enterprise Applications Software Licensing and Pricing
SANTA BARBARA, Calif. --(Business Wire)-- QAD, Inc. (NASDAQ:QADI), a leading provider of enterprise software and services for global manufacturers, today announced that Forrester Research, an independent research firm, cited QAD as a leader and strong performer in Enterprise Apps SLP in it's October 12 report titled, "The Forrester Wave(TM): Enterprise Applications Software Licensing and Pricing, Q4 2007".
Forrester evaluated 12 leading enterprise application vendors across 97 criteria in the areas of licensing and pricing strategies. In this evaluation, QAD was positioned as a Leader in the Small & Medium Business edition of the survey. The report also found QAD to be a Strong Performer in the large enterprise edition. "QAD demonstrated strong support for user based metrics like concurrent user and enterprise wide licenses while providing upfront policies that support the enterprise software licensee bill of rights," wrote Ray Wang in the report.
The report goes on to say, "For it's current offering, the vendor achieved the highest score for the broadest range of usage based metrics and placed in the top two for overall software life-cycle ownership costs. On the strategy side, QAD ranks first among vendors evaluated for offering upfront selection, and was a close second for implementation. QAD should be considered by midmarket and large enterprises that seek the right balance in software licensing and pricing policy."
"This report is further reflection of QAD's commitment to deliver the best solutions for the best price across the automotive, consumer products, electronics, food and beverage, industrial and life sciences industries," said Gordon Fleming, chief marketing officer of QAD. "We strive to deliver focused products that meet the unique needs of our client base. The recently released version of QAD Enterprise Applications has added enhancements in demand, transportation and asset management and is available on a variety of platforms, allowing our customers to customize our solution offering to create a unique product that meets their unique needs."
To learn more, visit www.qad.com.
About QAD
QAD is a leading provider of enterprise applications for global manufacturing companies. 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. Manufacturers of automotive, consumer products, electronics, food and beverage, industrial and life science products use QAD applications at approximately 5,800 licensed sites in more than 90 countries and in as many as 27 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 QAD 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 2007 ended January 31, 2007.
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