QAD Adaptive ERP 2020.1 Achieves Veracode Verified Standard Status

- Being part of Veracode Verified demonstrates a commitment to producing secure software

MUMBAI, India, Nov. 25, 2020 /PRNewswire/ -- QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of adaptive, cloud-based enterprise software and services for global manufacturing companies, today announced its continued participation in Veracode Verified, a program that validates a company's secure software development processes, and that QAD Adaptive ERP 2020.1 has achieved Veracode Verified Standard Status.

This achievement demonstrates QAD's commitment to creating secure software and that QAD Adaptive ERP undergoes rigorous security testing as part of the development practice. Additionally, participating in the Veracode Verified program ensures that QAD software meets a high standard of application security, reducing risk for the customer.

Organizations whose secure development practice has been validated and their application accepted into the Standard Tier, have demonstrated that the following security steps have been implemented into their software development practice:

• Assesses first-party code with static analysis
• Documents that the application does not allow Very High flaws in first-party code
• Provides developers with remediation guidance when new flaws are introduced

"QAD is committed to delivering secure code to help organizations reduce the risk of a security breach. Companies that invest in secure coding processes and follow our protocol for a mature application security program are able to deliver more confidence to customers who deploy their software," said Asha May, director of customer engagement, Veracode.

QAD Adaptive ERP combines deep manufacturing ERP and supply chain capabilities with a modern platform and user experience delivered in the cloud to help manufacturers effectively respond to change in their industry.

"It is paramount for our customers that their data is secure," said QAD Chief Technology Officer Tony Winter. "QAD takes data security very seriously. Partnering with a company like Veracode, which helps us reduce the risks associated with application vulnerabilities, is just one of the many ways that QAD protects its customers' data."

About QAD – Enabling the Adaptive Manufacturing Enterprise

QAD Inc. is a leading provider of adaptive, cloud-based enterprise software and services for global manufacturing companies. Global manufacturers face ever-increasing disruption caused by technology-driven innovation and changing consumer preferences. In order to survive and thrive, manufacturers must be able to innovate and change business models at unprecedented rates of speed. QAD calls these companies Adaptive Manufacturing Enterprises. QAD solutions help customers in the automotive, life sciences, consumer products, food and beverage, high tech and industrial manufacturing industries rapidly adapt to change and innovate for competitive advantage.

Founded in 1979 and headquartered in Santa Barbara, California, QAD has 30 offices globally. Over 2,000 manufacturing companies have deployed QAD solutions including enterprise resource planning (ERP), demand and supply chain planning (DSCP), global trade and transportation execution (GTTE) and quality management system (QMS) to become an Adaptive Manufacturing Enterprise. To learn more, visit www.qad.com or call +1 805-566-6100. Find us on Twitter, LinkedIn, Facebook, Instagram and Pinterest.

"QAD" is a registered trademark 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, 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 the COVID-19 (novel coronavirus) pandemic or other catastrophic events that may harm our business; adverse economic, market or geo-political conditions that may disrupt our business; 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.

Contacts
QAD Inc.
Scott Matulis
Public Relations
818-451-8918
[email protected]

or

Evan Quinn
Analyst Relations
617-869-7335
[email protected]

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