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| [January 16, 2013] |
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Fiber Optic Manufacturer m2fx Doubles Revenue in 18 Months Since Implementing QAD On Demand
SANTA BARBARA, Calif. --(Business Wire)--
QAD
Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise
software and services for global manufacturing companies, today
announced m2fx, the British fiber optic cable and micro-duct
manufacturer, has realized significant return on investment (ROI) as a
result of utilizing QAD On Demand as their full-strength enterprise
resource planning (ERP) cloud solution. QAD On Demand has supported the
m2fx operations during an 18 month period when the inventor and
manufacturer of Miniflex™ Fiber Cable doubled revenue.
"In 2011 we sought an ERP solution to support the company's aggressive
growth without taxing the budget and IT resources," said Tom Carpenter,
CEO of m2fx. "QAD On Demand stood out for its proven ERP functionality.
QAD On Demand allows us to focus on growing our business, not the
software."
QAD On Demand Delivers Affordable Full-Strength ERP Functionality
Founded in 1994 as a telecommunications consultancy, m2fx began
commercial manufacturing of their products in 2008. M2fx has catapulted
to the forefront of fiber optic protection technology. Based in Suffolk,
U.K., the company operates in multiple locations, and offers everything
needed to install and protect raw fiber optics. "QAD On Demand has
mitigated many of the IT and financial risks associated with a new ERP
implementation, as all of the software, systems and infrastructure are
managed and administered by QAD in a secure, reliable and industry
compliant data center," added Carpenter. "With QAD, we've benefited from
a level of ERP functionality typically enjoyed by much larger companies,
yet affordable and adaptable enough to support the company as it
continues to expand."
With QAD On Demand integrated globally across the functions of the
company, m2fx has realized the following results:
-
On-time delivery at 95% or greater
-
Material shortages are less frequent since implementation
-
Key business metrics are measured and monitored from within the
application
-
Real-time visibility of business data and ease of accessibility
are significantly improved
-
Clear visibility into margin drivers so they can be proactively managed
-
Global visibility and access to one source of data for stock
availability and production plans
"The merits of QAD On Demand are clear: a low capital expenditure with
predictable operational expenditures, no server expertise required
in-house an an extremely reliable cloud connection," said Carpenter.
"Moreover, QAD On Demand offers a responsive user experience, as fast if
not faster than if the application were on our own local servers, and
yet allows global access and cost-effective scalability. I look forward
to a future of becoming an even more effective enterprise with QAD."
QAD On Demand: Proven ERP SaaS (News - Alert) for Manufacturers Since 2007
QAD On Demand provides the same functionality and user experience as QAD
Enterprise Applications On Premise. As software-as-a-service (SaaS), QAD
On Demand benefits customers with automatic upgrades per-user pricing
and global accessibility. IT departments globally are recognizing the
benefits of having QAD manage application support, server hardware,
systems administration, database administration, upgrade planning,
first-line user support, disaster recovery, usage and analysis reporting.
"QAD imagines a future where our customers' business processes are
operating at peak efficiency and perfectly aligned with their strategic
goals," said Gordon Fleming, CMO at QAD. "We are committed to helping
companies like m2fx address their needs to become an ever more
'Effective Enterprise'."
For more information about QAD On Demand, please visit: http://www.qad.com/on-demand-software
About m2fx
m2fx make hard plastic flexible through their patented grooved design
and process, protecting Optical Fiber in the last 200 meters of an
install. Best known for their Miniflex™ Protection Tube, Cable and
Microduct products; m2fx specialize in tough yet flexible FTTX
Cable/Microduct routing products that are designed to protect fiber yet
still be ultra flexible to enable fast and efficient installation in the
field. www.m2fx.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 sciences products.
QAD ERP solutions 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:
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. Words such as "expects",
"believes", "anticipates", "could", "will likely result", "estimates",
"intends", "may", "projects", "should", and variations of these words
and similar expressions are intended to identify these forward looking
statements. Forward-looking statements are based on the company's
current expectations and assumptions regarding its business, the economy
and future conditions. 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 2012 ended January 31, 2012, and in particular, the section
entitled "Risk Factors" therein, and in other periodic reports the
company files with the Securities and Exchange Commission.

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