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CEBOS Announces the Release of CEBOS 2018 and Launches New Upgrade ProcessFARMINGTON HILLS, Mich., July 10, 2018 /PRNewswire/ -- CEBOS, a leader in company-wide quality and compliance management solutions for manufacturing companies, today launched a new version of its CEBOS QMS solution as well as a new, faster upgrade process. CEBOS is a division of QAD (NASDAQ: QADA, NASDAQ: QADB). The CEBOS 2018 solution is a fully-integrated, end-to-end, cross-functional quality management solution. As an HTML-based solution, it offers substantial technical and performance improvements over the existing client-server solution. CEBOS 2018 is fully mapped to the International Automotive Task Group (IATF) 16949 revised 2018 requirements, which take effect in September 2018, and includes two new applications for Risk Management and Team Performance Management. While it is engineered for the cloud, flexible deployment options allow customers to integrate it with their on-premise ERP solutions. "The 2018 CEBOS release is very important for CEBOS and its customers," said Tom Seadler, president of CEBOS. "The solution foundation features significant improvements to stability, performance and ease of system management. We also made nearly 100 enhancements to the application suite to help automotive suppliers comply with the new IATF regulations. In addition, CEBOS 2018 features embedded best practices based on ISO 9001 standards, which helps not only the automotive vertical but also medical device manufacturers, contract manufacturers, industrial product manufacturers and consumer product manufacturers with a focus on quality. CEBOS 2018 will help CEBOS customers and prospects become successful in their EQMS efforts." The new upgrade conversion process enables most existing CEBOS customers still utilizing the client-server version of the solution to rapidly complete their upgrades to the latest (HTML-based) version. As part of the new upgrade process, CEBOS conducts a preliminary migration analysis, installs the new software, performs the migration and completes the initial testing. The customer then performs detailed data validation before turning on the new version. Both the latest release of CEBOS QMS and the upgrade tool are available immediately. Abou CEBOS Since 1995, CEBOS has been providing enterprise-wide quality management and management process system software and services. From the original client-server version to today's groundbreaking enterprise-wide CEBOS quality management solutions, CEBOS has always been in the forefront of quality. Over 350 quality-minded customers use CEBOS in their manufacturing businesses. "CEBOS" is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners. Contacts: CEBOS Inc. 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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