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QAD Precision Announces Expansion of Global Multi Carrier Network

Industry leader continues to grow parcel, LTL and TL carrier offering

SANTA BARBARA, Calif.--()--QAD Precision, an industry-leading provider of global trade management and transportation execution software, has announced the expansion of their global multi carrier network. QAD Precision is a division of QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB).

“QAD Precision has recently added and enhanced 36 integrated carriers and over 150 services to our multi carrier network. These new services cover Canada, the United States, the UK, continental Europe, Australia and Japan. We continue to work with our carrier partners to provide our customers with a comprehensive range of carriers, routes and service levels no matter where they are located or where they ship,” said QAD Precision’s Carrier Manager Jack Moloney.

QAD Precision has a robust network of more than 5,000 configurable and accredited carriers in every region of the world. In addition, the QAD Precision Common Carrier Platform helps companies meet industry standards and radically streamlines the onboarding process through which regional and domestic carriers can join the network.

“The growth of our multi carrier network benefits both customers and carriers. Global shippers can optimize their first, middle and last-mile deliveries across parcel, truckload and less-than-truckload carriers as well as express couriers,” added Moloney. “In addition, carriers of all sizes can win business by becoming quickly integrated with thousands of high volume shippers in more than 100 countries around the world.”

About QAD Precision – Trusted Global Trade and Transportation Execution

QAD Precision, a division of QAD Inc., provides industry-leading global trade management, transportation execution and multi carrier shipping software solutions from a single, integrated platform. Preeminent industry leaders in every region of the world rely on QAD Precision’s global support centers to leverage thousands of carriers and manage millions of shipping transactions every day. Our open architecture easily integrates with Enterprise Resource Planning, Warehouse Management Systems and legacy solutions. An ISO-certified company, QAD Precision assists companies to minimize shipping costs, optimize first mile and last mile deliveries, automate free trade agreement compliance, avoid customs delays and mitigate the risks associated with dynamic trading environments to maximize their competitive advantage. QAD Precision’s customers span multiple industries including banking and finance, life sciences, high technology, retail, industrial, automotive, higher education and public sector as well as logistics providers. For more information about QAD Precision, visit www.qadprecision.com.

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, including, but not limited to, statements regarding projections of revenue, income and loss, capital expenditures, plans and objectives of management regarding the company's business, future economic performance or any of the assumptions underlying or relating to any of the foregoing. Forward-looking statements are based on the company's current expectations. Words such as "expects," "believes," "anticipates," "could," "will likely result," "estimates," "intends," "may," "projects," "should," "would," "might," "plan" and variations of these words and similar expressions are intended to identify these forward-looking statements. 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: risks associated with our cloud service offerings, such as defects and disruptions in our services, our ability to properly manage our cloud service offerings, our reliance on third-party hosting and other service providers, and our exposure to liability and loss from security breaches; demand for the company's products, including cloud service, licenses, services and maintenance; pressure to make concessions on our pricing and changes in our pricing models; protection of our intellectual property; dependence on third-party suppliers and other third-party relationships, such as sales, services and marketing channels; changes in our revenue, earnings, operating expenses and margins; the reliability of our financial forecasts and estimates of the costs and benefits of transactions; the ability to leverage changes in technology; defects in our software products and services; third-party opinions about the company; competition in our industry; the ability to recruit and retain key personnel; delays in sales; timely and effective integration of newly acquired businesses; economic conditions in our vertical markets and worldwide; exchange rate fluctuations; and the global political environment. For a more detailed description of the risk factors associated with the company and factors that may affect our forward-looking statements, please refer to the company's latest Annual Report on Form 10-K and, in particular, the section entitled "Risk Factors" therein, and in other periodic reports the company files with the Securities and Exchange Commission thereafter. Management does not undertake to update these forward-looking statements except as required by law.

Contacts

QAD Precision 
David Yonkof 
ddy@qad.com 
419-450-6683

QAD Inc. 
Scott Matulis 
Public Relations 
818-451-8918 
publicrelations@qad.com 
or 
Evan Quinn 
Analyst Relations 
617-869-7335 
industryanalyst@qad.com


 
 

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