Digital Media Leader Saves $10 Million After Standardizing on QAD Applications
Announcement posted by QAD 25 Jul 2001
The Grass Valley Group leverages QAD Applications to drive quick results
QAD (Nasdaq: QADI), a leading provider of collaborative commerce applications for global manufacturing enterprises and their private exchanges, today announced that the Grass Valley Group, a digital media and technology leader, has saved $10 million over previous IT expenses after implementing QAD MFG/PRO enterprise applications at eight sites in five months, winning the 2001 QAD Case Study Award.
"The Grass Valley Group is an outstanding example of how to leverage the power of QAD applications to gain efficiencies and boost profits," said Pam Lopker, QAD president and founder. "With a dedicated staff of professionals, they have consistently delivered their best efforts to build a world-class enterprise system. Our 2001 Case Study Award recognizes their achievements and celebrates the successful teamwork of our two organizations."
The Grass Valley Group is a four-time technical Emmy award-winning manufacturer that serves broadcast and video industry customers such as ABC, CBS, NBC and FOX, as well as broadcast networks in South America, Europe, the Pacific Rim and the Middle East. The company faced a tremendous IT challenge when it was given six months to transition from the infrastructure of its former parent company during the launch of its most significant new product in 10 years, the Kalypso Video Production Center. QAD MFG/PRO helped the Grass Valley Group meet that challenge ahead of schedule.
"There was a lot of skepticism going into this project," said William Benac, executive vice president and chief financial officer of the Grass Valley Group. "But the biggest triumph for the entire MFG/PRO project team was the fact that we did what we said we would do, and we did it on time and under budget. QAD's strategy of allowing you to build your e-business system component by component fits our strategy of getting immediate results."
Prior to the QAD solution, the Grass Valley Group was running several disparate systems for general ledger, financials and global order entry. The company needed a simpler, integrated business system that could provide full-featured reporting, inventory control and customer/sales analysis. With service and exchange depots worldwide, global visibility of the company's $40 million plus in inventory was a requirement. QAD applications, used successfully by the company at the plant level, were found to be the best choice to meet these needs.
The Grass Valley Group went live with QAD applications in February of 2000, running on Sun Solaris servers. It now utilizes QAD's SSM module in MFG/PRO to handle all aspects of service and support, including service engineering orders, time and material billing, product and warranty contracts, service call recording and tracking and equipment loan tracking through one integrated system. Due to its success, the company is looking to QAD for help with its e-business plans.
About Grass Valley Group
The Grass Valley Group knows more about high-quality video than anybody else-especially as video goes digital. The Internet. Digital cinema. Data-enhanced broadcasting. Interactive television. It's a world of Digicastingone that demands Media Without Bounds solutions. Whether online or on the air, the Emmy award-winning Grass Valley Group, a privately held digital media leader, has the hardware, software, and new media technologies to get content wherever it needs to go. For the latest Grass Valley Group product information visit http://www.grassvalleygroup.com.
About QAD
QAD's global manufacturing expertise delivers value through collaborative commerce applications that empower enterprises to integrate diverse business processes and increase market share. Manufacturers of automotive, consumer, electronics, food and beverage, industrial, and medical products use QAD software at more than 5,100 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 is a trademark and QAD eQ 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 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 e-business and enterprise resource planning (ERP) 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 industries in which it operates, please refer to the company's Annual Report on Form 10-K for the fiscal year ended January 31, 2001.
For additional information, Contact:
Maureen Sullivan
QAD Public Relations
+1 805 566 6066
msq@qad.com Cheryl Slomann
QAD Investor Relations
+1 805 566 5139
investor@qad.com
ENDS
"The Grass Valley Group is an outstanding example of how to leverage the power of QAD applications to gain efficiencies and boost profits," said Pam Lopker, QAD president and founder. "With a dedicated staff of professionals, they have consistently delivered their best efforts to build a world-class enterprise system. Our 2001 Case Study Award recognizes their achievements and celebrates the successful teamwork of our two organizations."
The Grass Valley Group is a four-time technical Emmy award-winning manufacturer that serves broadcast and video industry customers such as ABC, CBS, NBC and FOX, as well as broadcast networks in South America, Europe, the Pacific Rim and the Middle East. The company faced a tremendous IT challenge when it was given six months to transition from the infrastructure of its former parent company during the launch of its most significant new product in 10 years, the Kalypso Video Production Center. QAD MFG/PRO helped the Grass Valley Group meet that challenge ahead of schedule.
"There was a lot of skepticism going into this project," said William Benac, executive vice president and chief financial officer of the Grass Valley Group. "But the biggest triumph for the entire MFG/PRO project team was the fact that we did what we said we would do, and we did it on time and under budget. QAD's strategy of allowing you to build your e-business system component by component fits our strategy of getting immediate results."
Prior to the QAD solution, the Grass Valley Group was running several disparate systems for general ledger, financials and global order entry. The company needed a simpler, integrated business system that could provide full-featured reporting, inventory control and customer/sales analysis. With service and exchange depots worldwide, global visibility of the company's $40 million plus in inventory was a requirement. QAD applications, used successfully by the company at the plant level, were found to be the best choice to meet these needs.
The Grass Valley Group went live with QAD applications in February of 2000, running on Sun Solaris servers. It now utilizes QAD's SSM module in MFG/PRO to handle all aspects of service and support, including service engineering orders, time and material billing, product and warranty contracts, service call recording and tracking and equipment loan tracking through one integrated system. Due to its success, the company is looking to QAD for help with its e-business plans.
About Grass Valley Group
The Grass Valley Group knows more about high-quality video than anybody else-especially as video goes digital. The Internet. Digital cinema. Data-enhanced broadcasting. Interactive television. It's a world of Digicastingone that demands Media Without Bounds solutions. Whether online or on the air, the Emmy award-winning Grass Valley Group, a privately held digital media leader, has the hardware, software, and new media technologies to get content wherever it needs to go. For the latest Grass Valley Group product information visit http://www.grassvalleygroup.com.
About QAD
QAD's global manufacturing expertise delivers value through collaborative commerce applications that empower enterprises to integrate diverse business processes and increase market share. Manufacturers of automotive, consumer, electronics, food and beverage, industrial, and medical products use QAD software at more than 5,100 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 is a trademark and QAD eQ 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 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 e-business and enterprise resource planning (ERP) 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 industries in which it operates, please refer to the company's Annual Report on Form 10-K for the fiscal year ended January 31, 2001.
For additional information, Contact:
Maureen Sullivan
QAD Public Relations
+1 805 566 6066
msq@qad.com Cheryl Slomann
QAD Investor Relations
+1 805 566 5139
investor@qad.com
ENDS