QAD Inc.

The flagship ERP system QAD - QAD Enterprise Applications (MFG/PRO) - supports 27 languages ​ ​ and has about 5,800 implementations in automotive, electronic, medical, pharmaceutical, food and light industries in 90 countries of the world. Among the former and current users of QAD solutions are well-known companies such as General Electric, Coca-Cola, Mars, Volvo and many others. The first company in Russia to implement the MFG/PRO system was Kraft Foods Russia.

Performance indicators

Results of the fourth quarter and total 2011 fiscal year

QAD Inc has summed up the results of the fourth quarter and the entire 2011 fiscal year and will pay dividends to Class A shareholders in the amount of $0.06 per share and Class B - $0.05 per share. Total revenue for the fourth quarter was $62.5 million, up 19% from the same period last year. License fees increased by 79%, revenues from the provision of services - by 21%, revenues from technical support, etc. - by 5%. The corporation's net profit amounted to $3.1 million (in the fourth quarter of last year it amounted to only 685 thousand dollars). In the first quarter of the next fiscal year (February 1 - April 30, 2011), the company expects to receive revenue of about $56 million. In total, QAD received revenue of $220 million for the entire fiscal year 2011. Net income was $3.9 million, compared to $1.3 million in fiscal year 2010. The cash balance as of January 31 was nearly $67.3 million.

Key developments in the fourth quarter of FY 2011:

• Orders in excess of $500,000 - 37 were received, including orders in excess of $1 million - 14;
• orders for purchase of licenses from such large companies representing the target markets of QAD as Adium Pharma S.A., Argon Medical Devices, Dakota Growers Corporation, Eaton Corporation, Fujikura Electronics, General Mills India Pvt Ltd, Scotts International and Visteon Corporation are received - QAD is recognized by the pioneer in providing full Enterprise resource planning on the SaaS model (according to Aberdeen Group);
• QAD Director of Automotive was awarded the AIAG Award for the significant MMOG/LE in the refinement of the international automotive standard;
• Registration for QAD Explore 2011 is open;
• A recapitalization plan has been completed to increase the financial flexibility of the corporation.

History

2021: Thoma Bravo bought QAD for $2 billion

At the end of June 2021, the investment company Thoma Bravo announced the purchase of the developer of ERP systems QAD for $2 billion. The terms of the deal suggest that Thoma Bravo will pay $87.50 per ordinary share of QAD Class A or Class B. The deal is expected to close in the fourth quarter of 2021.

Once the deal is completed, QAD will become a non-public company that can continue to invest in the development and deployment of Enterprise Resource Planning (ERP) software and associated enterprise software for manufacturing companies worldwide. Anton Chilton will continue to head QAD as CEO, and the company's headquarters will remain in Santa Barbara, Calif.

Thoma Bravo acquired QAD for $2 billion

Over the past four decades, we have grown from a one-person local startup to a leading and reliable global provider of ERP solutions. Today we are starting our new chapter of development, "said QAD founder and president Pamela Lopker.

Since the founding of QAD in 1979, our customers, our technology and manufacturing industries have undergone significant changes - and at every stage, QAD has quickly adapted to maintain and strengthen our leading position. Global manufacturers face ever-growing challenges, and we are pleased that our customers around the world can continue to rely on next-generation QAD solutions to keep pace with new revolutionary business leaders. Thanks to this partnership, we will be able to further strengthen our solid foundation and improve our value proposition, "added Pamela Lopker.

After the deal closes, Pamela Lopker intends to maintain a significant share of the company's ownership and will continue to work on the QAD board of directors.^[1]

Notes