| [November 26, 2012] |
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Precision Software Achieves Oracle Validated Integration with Oracle Transportation Management
SANTA BARBARA, Calif. --(Business Wire)--
Precision Software, a division of QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB),
a leading provider of transportation
and trade management solutions and a Gold level member of the
Oracle (News - Alert)® Partner Network (OPN), today announced it has achieved Oracle
Validated Integration of Precision Software Transportation Management
System (TMS) Parcel v2012 with Oracle Transportation Management 6.2.
Precision TMS now offers a comprehensive multi-carrier manifesting
application integrated with Oracle Transportation Management to support
small parcel shipping. This enhances rapid shipment processing for high
volume shipping environments. The integration offers carrier compliant
label generation and end-of-day manifesting utilizing Precision Software
global carrier certifications (more than 40 worldwide).
To achieve Oracle Validated Integration, Oracle partners are required to
meet a stringent set of requirements that are based on the needs and
priorities of the customers. With the continuing growth of online
retailing, the requirement to support parcel shipping is more important
than ever. It is now becoming essential for companies to include parcel
in their freight mix and this is a driving force for the integration.
Precision Software TMS extends the functionality of Oracle
Transportation Management by making it easier for customers to consider
parcel carrier services during rate analysis and planning.
The connectivity between the systems allows customers to build shipping
networks that include parcel carrier services. This also allows for
these shipments to be considered during planning and optimization in
Oracle Transportation Management.
"By enabling customers to easily consider parcel carrier services during
rate analysis and planning, Oracle Validated Integration with Precision
Software TMS can allow our existing and new clients to reduce costs and
achieve a much quicker time to market," said Robert Clesi, senior
manager, Alliance Partners, Precision Software. "Precision takes great
care in evaluating the market requirements, and we feel that we have
expanded on the international capabilities and scalability with this
recent offering."
"Oracle Validated Integration applies a rigorous technical review and
test process," said Kevin O'Brien, senior director, ISV and SaaS (News - Alert)
Strategy, Oracle. "Achieving Oracle Validated Integration through Oracle
Partner Network gives our customers confidence that the integration
between Precision Software TMS Parcel v2012 and Oracle Transportation
Management 6.2 has been validated, and that the products work together
as designed. This helps reduce risk and improves the implementation
cycles for our joint customers."
About Oracle Validated Integration
Oracle Validated Integration, available through the Oracle Partner
Network (OPN), gives customers cofidence that the integration of
complementary partner software products with Oracle Applications and
specific Oracle Fusion Middleware solutions have been validated, and the
products work together as designed. This can help customers reduce risk,
improve system implementation cycles, and provide for smoother upgrades
and simpler maintenance. Oracle Validated Integration applies a rigorous
technical process to review partner integrations. Partners who have
successfully completed the program are authorized to use the "Oracle
Validated Integration" logo. For more information, please visit
Oracle.com at http://www.oracle.com/us/partnerships/solutions/index.html.
About Oracle Partner Network
Oracle Partner Network (OPN) Specialized is the latest version of
Oracle's partner program that provides partners with tools to better
develop, sell and implement Oracle solutions. OPN Specialized offers
resources to train and support specialized knowledge of Oracle products
and solutions and has evolved to recognize Oracle's growing product
portfolio, partner base and business opportunity. Key to the latest
enhancements to OPN is the ability for partners to differentiate through
Specializations. Specializations are achieved through competency
development, business results, expertise and proven success. To find out
more visit, http://www.oracle.com/partners.
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its
affiliates. Other names may be the registered trademarks of their
respective owners.
About Precision Software
Precision Software, a division of QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB),
provides industry-leading transportation and global
trade management software solutions from a single, integrated
platform. The Precision suite of products is designed with open
architecture allowing for easy integration with leading Enterprise
Resource Planning (ERP), Warehouse Management Systems (WMS) and existing
legacy solutions to reduce transportation costs, avoid delays at
trans-border crossings and mitigate the risks associated with dynamic
trading environments. Precision Software customers span multiple
industries including life sciences, consumer packaged goods,
electronics, retail, industrial products, food and beverage, and 3rd
party logistics providers. For more information about Precision
Software, visit www.precisionsoftware.com
or e-mail info@precisionsoftware.com.
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 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 QAD Inc.,
including its Precision Software division, and the industries in which
it operates, please refer to QAD Inc.'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 QAD Inc.
files with the Securities and Exchange Commission.

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