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QADI Qad Inc. (MM)

5.23
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Qad Inc. (MM) NASDAQ:QADI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.23 0 01:00:00

MAUSER Group Drives Strategic Vision with QAD Business Intelligence

30/11/2010 2:48am

Business Wire


Qad Inc. (MM) (NASDAQ:QADI)
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QAD Inc. (NASDAQ:QADI), a leading provider of enterprise software and services for global manufacturers, announced today that MAUSER Group, a leading manufacturer of industrial packaging products, has chosen to implement QAD Business Intelligence (BI) to improve its strategic and tactical planning initiatives throughout the organization.

During the past few years, MAUSER has initiated a “buy-and-build” growth strategy that has extended the company’s international reach and tripled its sales volume. Today, MAUSER is a world-class manufacturer with more than 50 production facilities worldwide. Specializing in plastic, metal, fiber and intermediate bulk container (IBC) packaging products; reconditioning services; and developing machinery for packaging production; MAUSER needed to expand its data intelligence capabilities to meet the needs of its current success and future growth.

MAUSER chose QAD Business Intelligence, a robust QAD Enterprise Applications module comprising three key application components: QAD BI Data Warehouse, BI Module(s) and the QAD BI Portal. Combined, these powerful components will provide MAUSER decision makers with easy access to consolidated performance-based data from multiple sources across the enterprise and provide a complete solution that enables key decision makers to access, analyze and share critical information, dynamically.

“To make accurate, informed decisions for controlling and planning, we must provide our Board of Directors with consistent information on the operations of all of our sites that use QAD Enterprise Applications,” says Dr. Bernhard Rohde, CIO of the MAUSER Group. “With QAD BI we will be able to consolidate, analyze and share our information in a way that strengthens our competitive advantage.”

“We are also pleased to know that with QAD BI we can deliver consistent reports and results that ensure our planning, forecasting and cost controlling initiatives are fully optimized,” Dr. Rohde added.

About MAUSER

MAUSER Group is a leading producer of industrial packaging with approx. 4,000 employees and revenues of around EUR 1 billion. Its largest business is plastic packaging, followed by metal and IBC packaging, reconditioning services and machinery for packaging production. MAUSER AG operates more than 50 locations in Europe, North America, South America, Latin America and Asia. Two marketing networks – one for plastic and one for the production of steel drums – include approximately 30 members in more than 20 countries and make MAUSER quality products and services available worldwide. MAUSER was founded in 1896 by Dr. Alfons. Its name has become a synonym for the safe transport of dangerous goods around the globe, providing economic and environmentally compatible packaging solutions. For further information, visit www.mausergroup.com.

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 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. 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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6527544&lang=en

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