i2O Named QAD Cloud Customer of the Year - High Tech for Europe, Middle East and Africa (EMEA)

SANTA BARBARA, Calif., Dec. 6, 2017 /PRNewswire/ -- QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of enterprise software and services designed for global manufacturing companies, today announced that QAD has named smart water network solutions company i2O QAD Cloud Customer of the Year - High Tech in the EMEA region.

"Like QAD, i2O is a firm believer in the power of technology to produce game-changing results, so we are proud to receive the QAD Cloud Customer of the Year – High Tech award," said i2O CFO Mike Neame. "i2O provides smart water network solutions and we need an ERP partner that produces smart solutions as well. We have worked with QAD since 2011 and we value them for their deep industry experience, as well as for their commitment to continuous improvement and industry best practices.  We will depend on QAD as we continue to grow."

Headquartered in the United Kingdom, i2O is a leading provider of smart water network solutions. It sells a suite of solutions to help water utilities respond to challenges including urbanization, extreme weather events and aging infrastructure. In the last 10 years, more than 100 utilities in more than 25 countries have installed i2O solutions.

i2O first implemented QAD Cloud ERP in 2011, becoming QAD's third cloud customer in the United Kingdom. It recently upgraded to the latest version of QAD Cloud ERP across its facilities in the United Kingdom, Spain, Malaysia and Colombia. QAD Cloud ERP is a global, full-featured cloud ERP solution built for manufacturing. It is a proven cloud-based ERP software application that simplifies the job of running and using ERP.

i2O also implemented QAD Channel Islands, the next generation user experience initiative for QAD Cloud ERP. QAD Channel Islands empowers and enables the user, providing a consistent, role-based and device-independent interface that's personalized to the activity and user to increase efficiency, simplify task completion and provide insight for decision-making.

"We are proud to recognize i2O as our Customer of the Year - High Tech in recognition of their continued use of QAD Cloud ERP and QAD Channel Islands," said JC Walravens, senior vice president of QAD EMEA. "We were impressed with i2O's state-of-the-art assembly facility which allows them to provide high quality, built to order hardware for their clients around the world. Their solutions are incredibly forward thinking, providing new ways to leverage data to mitigate risks, lower costs and improve performance. At QAD, we constantly evaluate new technologies, many of which are data-based, to provide exactly the same benefits to our customers."

About i2O

i2O (www.i2owater.com) provides a suite of smart network solutions to help water utilities respond to the challenges created by an increasing and urbanising population, more extreme weather events, aging infrastructure, more demanding customers and constraints on expenditure. More than 100 utilities in over 25 countries around the world have installed i2O solutions since the company was founded in 2005; reducing leaks, bursts, energy and operating costs, extending asset life, improving customer service, and achieving return on investment within 12 months. i2O is headquartered in Southampton, UK and has offices in Malaysia, Spain, Colombia and Dubai. The company is led by an experienced and knowledgeable team and is backed by major long-term investors.

About QAD – The Effective Enterprise

QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB) is a leading provider of enterprise software and services designed for global manufacturing companies. For more than 35 years, QAD has provided global manufacturing companies with QAD Enterprise Applications, an enterprise resource planning (ERP) system that supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD Enterprise Applications is offered in flexible deployment models in the cloud, on-premise or in a blended environment. With QAD, customers and partners in the automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries can better align daily operations with their strategic goals to meet their vision of becoming more Effective Enterprises.

For more information about QAD, call +1 805-566-6000, visit http://www.qad.com.

"QAD" is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.

Contacts:

QAD Inc.
Scott Matulis
Public Relations
818-451-8918
publicrelations@qad.com

or

Evan Quinn
Analyst Relations
617-869-7335
industryanalyst@qad.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.

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SOURCE QAD Inc.