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QAD Announces 2013 Partner of the Year Award WinnersSANTA BARBARA, Calif. --(Business Wire)-- QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services for global manufacturers, announced today that it named five partners as global award recipients for their focus on delivering outstanding achievements and customer success with QAD Enterprise Applications. The QAD Partner Awards recognize partners in the QAD community for their outstanding achievements toward building the Effective Enterprise, QAD's vision for global manufacturers, where their every business process works at peak efficiency and is perfectly aligned with their strategic goals. Announced at QAD Explore 2013 Customer Conference in San Antonio, the QAD Partner Awards were presented by Gordon Fleming, QAD chief marketing officer: "Each partner was honored for their exceptional achievements in developing and leveraging the QAD solutions that enable our customers to help grow their business more efficiently and cost effectively. These awards honor our partners for their dedication and cultivation of QAD innovation in support of the Effective Enterprise." QAD 2013 Global Partner Award Winners include:
"The efforts and expertise of these outstanding partners continue to bring exceptional value to the global manufacturing customers they serve and the QAD ecosystem as a whole. We are honored to recognize their success," added Fleming. For more information about QAD Enterprise Applications, please visit: www.qad.com. About QAD QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer products, electronics, food and beverage, industrial and life sciences products. QAD ERP solutions 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 2013 ended January 31, 2013, 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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