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As of 8:10 PM 11/19/14 All times are local (Market data is delayed by at least 15 minutes).

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06/9/14 - $19.62
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qad inc-b (QADB) Details

QAD Inc. provides enterprise software solutions for manufacturers in the automotive, consumer products, food and beverage, high technology, industrial products, and life sciences industries Worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which supports the business processes. Its QAD Enterprise Applications includes suites, such as QAD Financials that provides capabilities to manage and control finance and accounting processes; QAD Customer Management for manufacturers to acquire new customers; QAD Manufacturing, which supports manufacturing business processes; QAD Demand and Supply Chain Planning that fulfills materials planning and logistics requirements; QAD Supply Chain Execution that offers capabilities to manage execution throughout a company’s supply chain; and QAD Transportation Management, which provides trade management, transportation management, and compliance and risk management. The QAD Enterprise Applications also comprises suites, such as QAD Service and Support that handles service calls, manages service queues, and organizes mobile field resources; and QAD Enterprise Asset Management to manage, maintain, and install capital equipment; QAD Analytics for decision-making and performance management; QAD Enterprise Quality Management that provides quality management and regulatory compliance solutions; QAD Interoperability, which integrates QAD Enterprise Applications with other non-QAD core business applications; QAD Process and Performance that enables companies to monitor performance; and QAD Internationalization, which supports companies that manufacture and distribute their products worldwide. The company also provides customer support services, including product enhancements and license updates; and professional services. It markets and sells its products directly; and through distributors and sales agents. QAD Inc. was founded in 1979 and is headquartered in Santa Barbara, California.

1,600 Employees
Last Reported Date: 09/9/14
Founded in 1979

qad inc-b (QADB) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $315.0K
Founder, Chairman and President
Total Annual Compensation: $315.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $428.4K
Chief Accounting Officer, Senior Vice Preside...
Total Annual Compensation: $236.3K
Compensation as of Fiscal Year 2014.

qad inc-b (QADB) Key Developments

Facet Technologies Deploys QAD Cloud ERP to Meet Current and Anticipated Production Needs

QAD Inc. announced that Facet Technologies has deployed QAD Cloud ERP to meet current and anticipated production needs for manufacturing high-quality medical devices. Facet was burdened by technology that did not have the capability to keep up with business needs. Many departments relied on spreadsheets for tracking and reporting. There were timing and accuracy issues when transactions were entered into the system and getting custom reports was frustrating and time-consuming. Following a comprehensive search of potential technology solutions, Facet chose QAD Cloud ERP as the technology most capable of meeting current production challenges as well as future growth projections. Facet Technologies also chose Strategic Information Group (SIG) as its implementation partner based on SIG's experience implementing QAD software, extensive knowledge of the life science industry, and proven track record. As a result of the deployment of QAD Cloud ERP, Facet has improved material requirements planning activities, reduced inventory carrying costs and eliminated errors associated with manual data entry.

QAD Prepares Unique Device Identifier Compliance Solution for Medical Device Manufacturers

QAD Inc. announced it has developed a solution for medical device manufacturers to help meet the Unique Device Identifier (UDI) rules as required by the Food and Drug Administration (FDA). The FDA issued a rule to establish a system to adequately identify devices through distribution and use. This rule requires the label of medical devices to include a unique device identifier, except where the rule provides for an exception or alternative placement. The labeler must also submit product information concerning devices to FDA's Global Unique Device Identification Database (GUDID). The first phase of the UDI requirements applies to class III devices and requires that they display the UDI label by September 24, 2014. The UDI labels include a device identifier, which consists of the labeler and specific model of the device, and a production identifier that includes lot or batch numbers, expiration date and other valuable information. When fully implemented, the UDI system will: Allow more accurate reporting, reviewing and analyzing of adverse event reports. Reduce medical errors by enabling health care professionals to rapidly identify a device. Enhance analysis of devices on the market by providing a standard way to document device use in electronic health records, clinical information systems, claim data sources and registries. Provide a standardized identifier to allow manufacturers, distributors and healthcare facilities to more effectively manage medical recalls. Provide a foundation for a global, secure distribution chain, helping to address counterfeiting.

QAD Mulls Acquisitions

QAD Inc. (NasdaqGS:QADA) is seeking acquisitions. QAD Inc. has filed a Shelf Registration and intends to use the proceeds for general corporate purposes, which may include working capital, capital expenditures, financing commercial activities, repayment, refinancing or redemption of other indebtedness, and strategic acquisitions and alliances, if any.


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