Customers to Gain Value from Shared Expertise in Automotive and Medical Device Industries
Santa Barbara, CA — QAD, Inc (Nasdaq: QADI), a leading provider of enterprise software and services for global manufacturers, today announced a strategic alliance relationship with Plante & Moran PLLC, a certified public accounting and management consulting firm specializing in the automotive and medical device industries. The relationship will expand QAD’s reach into these industries in the United States offering local customers additional support and specialized services in these manufacturing sectors.
“Plante & Moran is pleased to form this alliance relationship with QAD as we believe their solutions are truly impacting the supply chain and helping to improve business processes around the globe,” said Doug Wiescinski Partner in Management Consulting at Plante & Moran. “QAD’s deep industry and vertical focus will benefit our customers as they strive to streamline their operations.”
Under the alliance agreement Plante & Moran will provide consulting services in support of QAD’s software solutions to companies looking both to gain deeper insight into their existing supply chain and to better manage global networks. Plante & Moran, which is already consulting with several QAD clients, will help implement QAD where they are most needed in the automotive and medical device industries. Specifically, the alliance will focus on helping Japanese suppliers open and manage operations in North America as well as helping companies manage merger, acquisition and divestiture activities.
Many manufacturing companies in the automotive industry today are striving to lower production costs, yet speed up their supply chain. QAD and Plante & Moran stand to offer such companies innovative solutions that can lead to great realization of savings. Additionally companies in the medical device industry need help tracking and accounting for each shipment and product produced. QAD solutions are an excellent way to meet stringent compliance requirements effectively and efficiently.
Founded in 1924, Plante & Moran is the 12th largest certified public accounting and management consulting firm in the United States. Headquartered in Michigan, the company focuses on vertical markets in the United States and Japan helping companies resolve technology and operational issues. Their industry focus and business ideals make them a natural partner for QAD.
QAD’s full line of technology solutions including QAD Enterprise Applications 2007 help companies in the automotive, food and beverage, consumer products, electronics, industrial products and life sciences streamline their supply chain and integrate closely with their suppliers and distributors. This partnership will further help companies solve their complex technology challenges while strengthening their communication and raising visibility into the full supply chain.
“QAD solutions are ideal for the automotive and life sciences industry. We’re helping hundreds of customers streamline their operations and reduce inventory costs. Our partnership with Plante & Moran is a natural fit as they share our vision for the ideal supply chain – what we call ‘the Perfect Lean Market’ for manufacturing, and are helping their customers become more efficient,” said Duane Kotsen, vice president, QAD Global Services.
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 5,800 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 Web site at: 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 QAD 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 2007 ended January 31, 2007.
About Plante & Moran
Plante & Moran is among the nation’s largest certified public accounting and business advisory firms, providing clients with financial, human capital, operations, strategy, technology, and family wealth management services. Plante & Moran has a staff of more than 1,600 professionals in 17 offices throughout Michigan, Ohio, Illinois, and Shanghai, China. Plante & Moran has been recognized by a number of organizations, including Fortune magazine, as one of the country’s best places to work.