QAD Partners with YASH Technologies to Deliver Global Consulting and Implementation Services

SANTA BARBARA, Calif., Oct. 11, 2018 /PRNewswire/ -- QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, today announced it has signed a system integrator agreement with YASH Technologies, a leading global consulting, technology and outsourcing company, to provide functional consulting and implementation globally.

"We are excited to welcome YASH to the QAD partner community," said QAD Vice President, Global Services, Robin Riordan. "They have a skilled and knowledgeable team with years of experience in our core industries, particularly in automotive. They are investing in their QAD capability, they know cloud, and this partnership will help us expand our cloud presence globally. We look forward to working with them to provide value and services to our customers around the world."

YASH is a global IT service provider for Fortune 500 organizations with a workforce of 5,000, and multiple centers of technology innovation and excellence operating out of 34 campuses across six continents. YASH provides a comprehensive portfolio of digital, application lifecycle and infrastructure services, enabling its customers to maximize the value of their IT investments while helping them optimize their IT expenses for sustained business value.

Commenting on the partnership, Hari Vyakarnam, VP Global Alliances said, "YASH combines application services leadership and strong cloud capabilities with expertise in discrete and process manufacturing. As a global system integrator, we architect and deliver complex business-IT solutions across technology domains. Our strategic partnership with QAD will help drive substantial business value for our joint customers and support their Digital Transformation journey."

QAD Global Services has resources in over 90 countries. QAD works with its partners to better service companies across the world. QAD partners provide breadth, depth and reach, strategically extending QAD's capabilities, functional expertise and global presence. The QAD Global Partner Network consists of over 100 partners including hardware platform manufacturers, operating system vendors, software and database developers, solution resellers, system integrators and service organizations.

About YASH Technologies
YASH Technologies focuses on enabling its customers to succeed and drive IT Business Transformation. As a leading technology service and outsourcing partner for large and fast-growing global organizations, the company leverages technology and flexible business models to enable innovation and business value throughout each customer's enterprise. YASH customer-centric engagement and managed services delivery framework integrate specialized domain and consulting capabilities with proprietary methodologies and solution offerings to provision application, infrastructure and end-user-focused Right-Sourcing services. Headquartered in the U.S., with delivery and sales centers globally, YASH serves its customers across six continents. YASH is an SEI CMMI (Level 5) and an ISO 9001:2015 certified organization.

For more information about YASH Technologies, please visit www.yash.com or email [email protected].

About QAD – The Effective Enterprise
QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB) is a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies. QAD Cloud ERP for manufacturing supports operational requirements in the areas of financials, customer management, supply chain, manufacturing, service and support, analytics, business process management and integration. QAD's portfolio includes related solutions for quality management software, supply chain management software, transportation management software and B2B interoperability. Since 1979, QAD solutions have enabled customers in the automotive, consumer products, food and beverage, high tech, industrial manufacturing, and life sciences industries to better align operations with their strategic goals to become Effective Enterprises.

To learn more, visit www.qad.com or call +1 805-566-6000.

"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
[email protected]
or
Evan Quinn
Analyst Relations
617-869-7335
[email protected]
YASH Technologies
Nicholas Bitting
Public Relations
[email protected]
or
Sachin Kumar Singh
Public Relations
[email protected]

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.

SOURCE QAD Inc.

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