|By Business Wire||
|May 7, 2014 11:01 AM EDT||
QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services, today announced awards for customers honored for their commitment to innovation with QAD Enterprise Applications. QAD announced the awards at the Explore 2014 customer conference in New Orleans.
QAD instituted the awards program to recognize visionary customers who implement QAD Enterprise Applications to stay ahead of the competition and operate at maximum efficiency. The winning companies leverage the power of QAD software to drive innovation, meet quality standards and evolve with market conditions.
List of Award Categories and Winners
This award recognizes an individual who has provided exemplary vision and leadership in maximizing QAD solutions to help an organization become an effective enterprise.
Rick Seibert, vice president of business development at Sharp Corporation, has taken Sharp’s ERP to the cloud and wins this award for the second consecutive year.
Best Adopters Enterprise Edition
Winners of this award have achieved significant business value through their deployment of QAD Enterprise Applications Enterprise Edition. This year’s winners are:
FEI upgraded European and North American-based facilities to the Enterprise Edition of QAD Enterprise Applications and merged them to a single database, multiple-domain environment which enables inter-company automation improvements, streamlines master data functions and supports global standardization.
Cyberonics deployed QAD Enterprise Applications at its new manufacturing facility in Costa Rica, improving its ability to meet international demand, collaborate globally, reduce costs, and advance business continuity capabilities.
In its strategic philosophy of furthering manufacturing excellence, Lear has deployed the Enterprise Edition of QAD Enterprise Applications as a valuable tool for its global manufacturing operations in both its seating and electrical business segments. In the past year, Lear completed upgrades of numerous European facilities to the Enterprise Edition as well as a plant in Mexico.
QAD Enterprise Cloud Customer of the Year
The QAD Enterprise Cloud Customer of the year is awarded to companies that have transformed their business systems through one or more of the QAD Enterprise Cloud solutions. The winners are:
Facet Technologies aggressively embraced QAD Cloud ERP for its life sciences business. The company successfully implemented QAD Cloud ERP on time and on budget, supporting new business growth and helping to meet evolving regulatory requirements.
Devicor Medical Products Inc.
Devicor deployed QAD Cloud TMS (transportation management system). It enables Devicor to automate key functions in its global freight management. This single, integrated solution reduces costs and ensures shipments are correctly processed with all required information.
Nexteer continues to deploy QAD Cloud ERP to facilities in all geographic locations. The standardization of sites allows a consistent application of key business processes, driving efficiency throughout the enterprise.
QAD Development Partner
The QAD Development Partner award acknowledges a customer that invests time and resources into the joint development of strategic solutions that will ultimately benefit other QAD customers.
The winner this year is Aesica Pharmaceuticals S.r.l. Aesica Pianezza/Aesica Pharmaceuticals S.r.I is the Italian site of Aesica Pharmaceuticals Ltd, a leading contract development and manufacturing organization (CDMO) which serves eight of the world’s ten largest pharmaceutical companies. Aesica’s expertise helped QAD shape its serialization offering and was a key component of the on schedule Go Live of QAD 2013.1 EE on 7th January 2014.
QAD Rapid Achiever
This award is presented to companies that demonstrate effective deployment of QAD solutions through leveraging the Easy On Boarding processes to support dynamic business growth. The 2014 winners are:
Medrobotics went from execution of contracts to a live production fully qualified life sciences environment in three and a half months. Strong leadership enforced a strict adherence to collaborative planning and execution leveraging QAD’s Easy On Boarding methodology. Keeping everyone accountable to their respective roles and responsibilities was key to this successful deployment.
Steelhead Composites leveraged the industry-focused process maps within the Easy On Boarding processes to rapidly deploy key modules of the QAD Enterprise Applications Enterprise Edition. The Steelhead Composites site was fully operational three and a half months after implementation.
Yanfeng USA Automotive Trim Systems, Inc.
Yanfeng deployed the latest version of QAD Enterprise Applications Enterprise Edition to improve functionality needed to support robust business growth. The rapid deployment of the Enterprise Edition allowed the company to meet customers’ demands and better manage growth and operations.
2014 Quality Management Customer of the Year
This award is presented to the company with the most effective deployment of the QAD Quality Management Solution, provided by CEBOS. The winner this year is Cascade Engineering.
Cascade Engineering combined a strong internal team with QAD consultants and the result was an on-time deployment with significant improvements in quality at multiple manufacturing facilities.
The QAD Evangelist award is given to customers that have helped spread the word about the advantages of becoming an effective enterprise through leveraging QAD solutions. The winners are:
Toni Clubb, CFO, Vitatech Nutritional Sciences
Toni has met with numerous peer company executives to explain how QAD Enterprise Applications Enterprise Edition has fueled Vitatech’s business to new heights. She also contributed to the development of the QAD Quality Module, serves as board chairman of the QAD West Coast User Group and is a member of the North American customer advisory board.
Don Lindsey, Material Supervisor & ERP Support, GenMark Diagnostics
Don has helped 22 other life sciences companies understand how QAD’s qualified environment can help them achieve their business goals while meeting regulatory requirements. He has hosted many tours of the GenMark facility, demonstrating the effectiveness of the QAD solution in propelling his business in the life sciences industry.
“We are honored to recognize the achievements of our customers,” said Pam Lopker, president and founder, QAD. “The winners are truly leaders in their respective industries and QAD is pleased to be the enabler of their success.”
About QAD – The Effective Enterprise
QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB) is a leading provider of enterprise software and services designed for global manufacturing companies. For more than 30 years, QAD has provided global manufacturing companies with QAD Enterprise Applications, an enterprise resource planning (ERP) system that supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD Enterprise Applications is offered in flexible deployment models as on-premise software, in the cloud with QAD Cloud ERP or in a blended environment. With QAD, customers and partners in the automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries can better align daily operations with their strategic goals to meet their vision of becoming more Effective Enterprises.
For more information about QAD, call +1 805-566-6000, visit 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”, “would”, “might”, “plan” 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 its fiscal year ended January 31, 2014, 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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