QAD Named to Food Logistics 100 Annual Listing
List Recognizes the Top 100 Technology Providers for the Food
Industry
SANTA BARBARA, Calif. (Business Wire EON/PRWEB ) December 17, 2008 --
QAD
Inc. (NASDAQ: QADI), a leading provider of enterprise software and
services for global manufacturers, is pleased to be recognized by Food
Logistics magazine as a part of the Food Logistics 100 (FL100).
The annual listing recognizes technology and solution providers that
help grocery and foodservice distributors and manufacturers reach their
business goals. This honor reinforces QAD’s commitment to provide an
integrated set of solutions to more than 300 global
Food & Beverage manufacturing customers to achieve manufacturing
excellence.
“We understand the business pressures facing manufacturing management
including increasing consumer demands, the proliferation of products and
channels and increasing regulatory requirements. To be successful food
and beverage manufacturers must conquer these challenges while
simultaneously enhancing product quality, addressing global marketplace
opportunities and building closer end-consumer ties,” said Phil
Friedman, Vice President, Consumer
Products / Food & Beverage Vertical Marketing, QAD, Inc.
“We are committed to enable food
& beverage manufacturers to build a lean manufacturing
environment and support them in achieving their market goals in brand
development, demand management, new product introduction, while
embracing food security and quality requirements. We believe that QAD is
uniquely positioned to help global food and beverage manufacturers
streamline their operations without sacrificing customer satisfaction.”
QAD supports the entire supply chain, from source to end consumer. The
QAD Food and Beverage (F&B) offering addresses all aspects of a
Food and Beverage business from supplier management through processing,
recipe development and management, customer and channel management,
transport and logistics, demand planning, as well as accommodating
eCommerce throughout the supply chain.
For more information about QAD Enterprise Applications, go to www.qad.com.
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, or visit the QAD 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.
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