QAD Named One of Los Angeles Area's Fastest Growing Technology Companies
Announcement posted by QAD 24 Sep 2001
Third consecutive win proves QAD has "the right stuff to succeed" in the competitive B2B software business
QAD (Nasdaq: QADI), a leading provider of collaborative commerce applications for global manufacturing enterprises and their private exchanges, today announced it has been named to Deloitte & Touche's prestigious "Los Angeles Technology Fast 50" program for a third consecutive year. The 2001 program ranks the 50 fastest growing technology companies in the area, based on the percentage of growth in revenues from 1996-2000.
"In an era where technology companies come and go like shooting stars, making the Deloitte & Touche Fast 50 is a testament to a company's leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows growth over five years," said Gary Dickey, partner, Technology & Communications Group, Deloitte & Touche. "QAD has proven that they have the right stuff to succeed, and we at Deloitte & Touche salute its accomplishments."
QAD's industry-domain expertise in collaborative manufacturing solutions makes it uniquely qualified to meet the business technology requirements of enterprises worldwide. Utilized by many Fortune 1000 companies, QAD applications empower 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.
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and $1,000,000 in 2000, must be public or private "technology companies" defined as companies that produce technology, manufacture a technology product, or devote a high percentage of effort to research and development of technology.
Winners of the 21 regional Fast 50 programs in the United States are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
About Deloitte & Touche
Deloitte & Touche LLP, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.
About QAD
QAD's global manufacturing expertise delivers value through collaborative commerce applications that empower enterprises to integrate diverse business processes and increase profitability. Manufacturers of automotive, food and beverage, consumer, electronics, industrial and medical products use QAD software at more than 5,200 licensed sites in more than 80 countries and in as many as 26 languages. For more information about QAD, telephone +1 805 684 6614, or visit the QAD web site at http://www.qad.com. To receive any of QAD's press releases via facsimile, contact 1 800 356 0747, or outside the U.S. contact +1 213 253 5647.
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"QAD" and "MFG/PRO" are registered trademarks 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 publication of opinions by industry analysts about the company, its products and technology, the entry of new competitors and their technological advances, delays in localizing the company's products for new markets, 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; and general economic factors. In addition, revenue and earnings in the enterprise resource planning (ERP), e-business and collaborative commerce software industries are subject to fluctuations and the growth rates recently experienced by the company do not necessarily represent future operating results. Investors should not use any one quarter's results as a benchmark for future growth. For a more detailed description of the risk factors associated with the company and the industries in which they operate, please refer to the company's Annual Report on Form 10-K for the fiscal year ended January 31, 2001.
"In an era where technology companies come and go like shooting stars, making the Deloitte & Touche Fast 50 is a testament to a company's leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows growth over five years," said Gary Dickey, partner, Technology & Communications Group, Deloitte & Touche. "QAD has proven that they have the right stuff to succeed, and we at Deloitte & Touche salute its accomplishments."
QAD's industry-domain expertise in collaborative manufacturing solutions makes it uniquely qualified to meet the business technology requirements of enterprises worldwide. Utilized by many Fortune 1000 companies, QAD applications empower 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.
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and $1,000,000 in 2000, must be public or private "technology companies" defined as companies that produce technology, manufacture a technology product, or devote a high percentage of effort to research and development of technology.
Winners of the 21 regional Fast 50 programs in the United States are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
About Deloitte & Touche
Deloitte & Touche LLP, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.
About QAD
QAD's global manufacturing expertise delivers value through collaborative commerce applications that empower enterprises to integrate diverse business processes and increase profitability. Manufacturers of automotive, food and beverage, consumer, electronics, industrial and medical products use QAD software at more than 5,200 licensed sites in more than 80 countries and in as many as 26 languages. For more information about QAD, telephone +1 805 684 6614, or visit the QAD web site at http://www.qad.com. To receive any of QAD's press releases via facsimile, contact 1 800 356 0747, or outside the U.S. contact +1 213 253 5647.
###
"QAD" and "MFG/PRO" are registered trademarks 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 publication of opinions by industry analysts about the company, its products and technology, the entry of new competitors and their technological advances, delays in localizing the company's products for new markets, 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; and general economic factors. In addition, revenue and earnings in the enterprise resource planning (ERP), e-business and collaborative commerce software industries are subject to fluctuations and the growth rates recently experienced by the company do not necessarily represent future operating results. Investors should not use any one quarter's results as a benchmark for future growth. For a more detailed description of the risk factors associated with the company and the industries in which they operate, please refer to the company's Annual Report on Form 10-K for the fiscal year ended January 31, 2001.