QAD Announces New Release of QAD Enterprise Applications: Capabilities Aimed at Helping Global Manufacturers on the Road to Recovery

QAD Enterprise Applications 2010 Debuts with New Functionality and Faster Speed

SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Inc. (NASDAQ: QADI - News), a leading provider of enterprise software and services for global manufacturers, today announced general availability of QAD Enterprise Applications 2010 (QAD 2010), the latest version of its flagship product, QAD Enterprise Applications.

Many of QAD’s global manufacturing customers have been affected by the adverse economic conditions over the last 18 months. Working closely with its customers, QAD has developed specific capabilities to support the evolving challenges that manufacturing executives face as they move to a new and more challenging business environment. QAD 2010, the latest release of QAD’s Enterprise Applications, helps both existing and new QAD customers address their challenges and work towards recovery.

“The economic environment has been challenging for manufacturers all over the world, with fall in demand, margin pressure, reduced IT staffing, structural changes, and users being asked to perform new and more tasks,” said Pamela Lopker, president and founder of QAD. “Many of our customers need help, and that’s what we’ve focused on in QAD 2010 – better usability, more access to data, and faster deployment. We see ourselves as partners in the recovery process.”

The demand for more rapid access to information and flexible business processes has stressed IT organizations that already have seen reduced budgets and smaller headcounts. QAD 2010 enables global manufacturers to continue to drive operational effectiveness by leveraging their IT investment in delivering solutions that enable doing more with less across the entire organization.

QAD’s Easy On-Boarding makes complex implementations a thing of the past as users can be up and running in days, not months — aligning the speed of information with the velocity of business change. Together with the freedom to deploy On Demand or On Premise, this makes QAD Enterprise Applications 2010 extremely fast and easy to deploy, and reduces the need for dedicated application expertise.

QAD Enterprise Applications 2010 offers more functionality than ever before with enhancements made to all modules of the software suite, including:

•QAD Business Intelligence: QAD Business Intelligence makes analysis and reporting on all business information simpler than with older business intelligence technologies, leveraging a star schema and new analysis tools. With uncertainties in the economy remaining, the need for accurate information to assist in decision-making is paramount.
•QAD Enterprise Financials: Over 43 new operational metrics are built in to the latest release of the QAD Enterprise Financials suite. These allow end users clear visibility of all indicators to drive efficiency within a business' operation.
•QAD Customer Management: QAD debuts a new user interface within QAD Configurator. This new user interface represents the ‘state of the art’ in usability and makes the applications simpler to learn and use.
•QAD Enterprise Materials Transfer: Building on QAD’s existing offering, this release features capabilities to streamline the back-office financial transactions related to movement of materials around a global or multi-entity company, significantly reducing what can be a major challenge for some global companies.
•QAD Lean Manufacturing: QAD was one of the first companies to support Lean Principles in its products, and this release includes brand new features with a new approach to Kanban sizing and management.
•QAD Enterprise Asset Management: QAD’s excellence in Enterprise Asset Management now features QAD’s advanced usability and full integration to QAD 2010.
•QAD Supply Chain Portal: Previously named QAD Supply Visualization, this SaaS (Software as a Service) product offers greater inventory visibility, providing a complete view into all of an organization’s suppliers and their performance metrics.
•QAD Trade Relations Management: Designed to help customers supplying retailers to manage their trade and promotional spending, QAD TRM increases the efficiency of promotional expenditure and allows for immediate visibility of promotional efficacy – giving customers supplying major retailers a real advantage.

“We see QAD Enterprise Applications 2010 as the best release of our product yet,” said Bill Keese, vice president, Research and Development for QAD. “Everything in this release is built to address challenges our manufacturing customers are facing today – and to help get them ready for the economic recovery of tomorrow.”

For more information on QAD Enterprise Applications 2010, view a video about QAD 2010, or visit the QAD 2010 Center.

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 science products. 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. For more information about QAD, telephone +1 805-566-6000, or visit the QAD web site at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.qad.com%2Ferp&esheet=6327062&lan=en-US&anchor=www.qad.com&index=10&md5=d312bc9b382882b343ed91e3300857cb.

“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 2010 ended January 31, 2010.

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