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QAD Inc.

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QAD Inc.
Company typePrivate
IndustryComputer software
FoundedCarpinteria, California (1979)
HeadquartersSanta Barbara, California
Key people
Pamela Lopker (President),
Anton Chilton (CEO)
ProductsERP, QAD Adaptive Applications, QAD Adaptive ERP
OwnerThoma Bravo
Number of employees
1,950+ (June, 2019)
Websiteqad.com

QAD Inc. is a software company that provides enterprise resource planning (ERP) software and related enterprise software to manufacturing companies. The company has customers in over 100 countries around the world.[1]

On June 28, 2021, it was announced that Thoma Bravo acquired QAD Inc. in an all-cash transaction with an equity value of approximately US$2 billion.[2]

History

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QAD was founded in 1979 by Pamela Lopker, who serves as president. QAD initially developed proprietary software applications for manufacturing companies in Southern California.

In 1984, QAD announced MFG/PRO, built using Progress Software Corporation's Fourth Generation Language (4GL) and relational database. MFG/PRO was one of the first software applications built for manufacturers following the APICS principles. MFG/PRO was also one of the first applications to support closed-loop Manufacturing Resource Planning (MRP II), as well as operation in open systems. QAD software supports lean manufacturing principles and interoperates with other systems via open standards. QAD stock began trading as of its initial public offering (IPO) on August 6, 1997.[3]

In 2003, a product called Supply Visualization (since rebranded to Supplier Portal) was first hosted in a multi-tenant configuration for QAD customers and those customers' suppliers, establishing QAD as a player in providing Software-as-a-Service (SaaS) software for manufacturers. QAD Supplier Portal continues to allow customers and their authorized suppliers to share information about inventory, scheduling, purchase orders, shipments, Kanbans and more. In 2006, QAD announced a user interface called .NET UI, and in 2007 its core product suite name was changed from MFG/PRO to QAD Enterprise Applications. QAD began their cloud apps in 2003, and in 2011 officially launched QAD On Demand, which was later named QAD Cloud ERP.[citation needed]

In 2015, the QAD Cloud ERP software was enhanced further when the Channel Islands User Experience (UX) initiative was launched in phases, named after the Channel Islands off the coast of Santa Barbara, California. In 2017, the QAD Enterprise Platform was released as a way to deliver functionality to users utilizing the Channel Islands UX in QAD Cloud ERP. In 2019, QAD renamed its software portfolio to QAD Adaptive Applications. In addition, QAD's flagship ERP software was renamed QAD Adaptive ERP, which features the Adaptive UX and is built on the QAD Enterprise Platform.[citation needed]

QAD sells its products and services to companies in six main manufacturing industries: automotive, consumer products, high technology, food and beverage, industrial equipment and life sciences. The company's software portfolio is called QAD Adaptive Applications, which is headlined by QAD Adaptive ERP. QAD Adaptive Applications is designed to streamline the management of manufacturing operations, supply chains, financials, customers, technology and business performance.[4] QAD Adaptive ERP is marketed as SaaS software using cloud computing.

Acquisitions

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In 2006, QAD made multiple acquisitions. In June, the company acquired Bisgen Ltd., a UK-based company whose product is tailored to the unique sales force and marketing automation needs of manufacturers.[5]

In September, Precision Software was acquired for a reported $14.5 million,[6] and FBO Systems Inc., a Georgia-based company and leading provider of enterprise asset management (EAM) products and professional services, was acquired in November.[citation needed]

The company acquired the assets of FullTilt Solutions in April 2008.[7]

In June 2012, QAD acquired DynaSys, a European provider of collaborative demand and supply chain planning software, for a reported €6.0 million.[8] In December of that year, CEBOS, a provider of quality management and management system standard software and services, was acquired.[9]

In August 2018, QAD acquired PT Iris Sistem Inforindo (PT Iris), a distributor and system integrator for QAD software operating across South Asia, primarily in Indonesia.[10]

Allocation Network GmbH, a provider of strategic sourcing and supplier management based in Munich, Germany, was acquired in January 2021. In April of that year, QAD acquired Foreign Trade Zone Corporation, a provider of cloud-based Foreign-Trade Zone (FTZ) software and consulting services based in Mobile, Alabama.[11] In December, QAD acquired California-based WebJaguar.[12]

In February 2023, QAD announced it had acquired the Miami-based workforce provider Redzone.[13]

QAD purchased Phenix Software Inc. in October 2024.[14]

Acquisition by Thoma Bravo

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On June 28, 2021, QAD announced[15] that it has entered into a definitive agreement to be acquired by Thoma Bravo, a private equity investment firm focused on the software and technology-enabled services sector, in an all-cash transaction with an equity value of approximately US$2 billion. Under the terms of the agreement, QAD shareholders will receive $87.50 per share of Class A Common Stock or Class B Common Stock in cash.

Upon completion of the transaction, QAD became a private company that will continue investing in the development and deployment of Enterprise Resource Planning (ERP) software and related enterprise software for manufacturing companies around the world. Anton Chilton will continue to lead QAD as CEO, and the company will maintain its headquarters in Santa Barbara, California.

The acquisition of QAD by Thoma Bravo was completed in early November 2021.[16] Following the completion of the transaction, Mrs. Lopker intends to retain a significant ownership interest in the company and will continue serving the QAD Board.[15]

See also

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References

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  1. ^ About QAD | Company Profile
  2. ^ "QAD Inc. to be Acquired by Thoma Bravo for $2 Billion" (Press release). Santa Barbara, California: QAD Inc. June 28, 2021. Retrieved 2021-07-01.
  3. ^ "Form S-1/A: Securities Registration Statement". US SEC. August 28, 1997. Retrieved October 26, 2016.
  4. ^ "Enterprise Business Software|Manufacturing ERP Solutions|QAD Inc". Archived from the original on November 8, 2010. Retrieved November 3, 2010.
  5. ^ Lindsey, Don. "QAD Acquisitions and What They Mean For the QAD User". 32soft. Retrieved 2024-10-22.
  6. ^ reporter, Staff (2006-09-25). "QAD acquires Precision Software for transportation management". Manufacturing Management. Retrieved 2024-10-22.
  7. ^ Meikle, Brad (2008-04-28). "Exit watch, week of April 28, 2008". Buyouts. Retrieved 2024-10-22.
  8. ^ "QAD acquires DynaSys for €6.0 million | Manufacturing & Logistics IT Magazine". www.logisticsit.com. Retrieved 2024-10-22.
  9. ^ Writer, CBR Staff (2013-01-02). "QAD acquires CEBOS". Tech Monitor. Retrieved 2024-10-22.
  10. ^ "QAD Launches Indonesian Subsidiary and Will Acquire PT Iris Business Assets" (Press release). Santa Barbara, California: QAD Inc. Aug 22, 2018. Retrieved 2021-07-01.
  11. ^ Finance, Focus (2021-04-08). "Enterprise Software Company QAD Confirms Acquisition Of Foreign-Trade Zone". Focus Finance. Retrieved 2024-10-22.
  12. ^ Jepma, William (2021-12-21). "QAD Acquires WebJaguar to Expand its Customer Management Portfolio". Best ERP Software, Vendors, News and Reviews. Retrieved 2024-10-22.
  13. ^ FinSMEs (2023-02-01). "QAD Acquires Redzone". FinSMEs. Retrieved 2023-02-02.
  14. ^ "QAD Acquires Phenix Software, Bolsters Advanced Scheduling Capabilities for Adaptive Enterprises". Food Logistics. 2024-10-07. Retrieved 2024-10-22.
  15. ^ a b "QAD Inc. to be Acquired by Thoma Bravo for $2 Billion" (Press release). Santa Barbara, California: Thoma Bravo. June 28, 2021. Retrieved 2021-07-01.
  16. ^ "Thoma Bravo Completes Acquisition of QAD". Santa Barbara, California: Businesswire. November 6, 2021. Retrieved November 10, 2021.
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