QAD,
Inc. (NASDAQ: QADI), a leading provider of enterprise
software and services for global manufacturers, announced the
availability of QAD
Automotive On Demand at the Original Equipment Suppliers Association
(OESA) 2008 Outlook Conference being held in Detroit on November 5 -6. QAD
Automotive On Demand is an automotive
industry specific edition of QAD
Enterprise Applications 2008, announced earlier this year.
QAD
Automotive On Demand delivers a simple yet comprehensive automotive
solution that includes industry best practices for harmonious alignment
within the global automotive supply chain. With QAD
Automotive On Demand, automotive suppliers will be free of the
infrastructure and overhead for applications management personnel. The
flexibility to use automotive-specific software in the utility model
provides companies with a competitive advantage, preserving their
capital for other investments.
"Today’s automotive
industry faces extreme challenges, from global sourcing and supply chain
management to delivery performance,” said
Charlie Eggerding, Vice President Automotive for QAD. "With
the ever increasing focus on cash flow and reduction of operating
expenses, CEO's of automotive suppliers are looking to reduce capital
outlay and costs. QAD
Automotive On Demand requires no capital investment and is targeted
at reducing IT operating costs while delivering complete automotive
operational compliance.”
QAD
Automotive On Demand allows automotive suppliers that operate on a
global basis to deploy the application in any emerging market around the
world with low cost of entry. QAD is able to support this global
industry by offering this solution in more than 90 countries and in 27
different languages, making QAD solutions available wherever its
customers are doing business.
With its QAD
2008 release, QAD is continuing on its path toward delivering "total
enterprise capability” to help meet customers’
ever-changing business requirements across all key levels, functions and
geographies of their extended manufacturing organization.
Additional Information
For more information about QAD on Demand and Enterprise Applications go
to http://www.qad.com/ondemand.
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 6,100 licensed
sites in more than 90 countries and in as many as 27 languages. For more
information about QAD, telephone +1 805 684 6614, visit the QAD Web site
at www.qad.com,
or join the QAD
Community.
"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. 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 2008 ended January 31, 2008.