David Redwood, Former President of TRW Division Largotim, Named QAD VP of Europe, Middle East and Africa.CARPINTERIA, Calif.--(BUSINESS WIRE)--Dec. 2, 1998--QAD Inc. (Nasdaq:QADI) Wednesday announced that it has named David Redwood vice president, QAD QAD Quality Assurance Division QAD Quality Assurance Department QAD Quick And Dirty QAD Quality Audit Division QAD Quick Attach/Detach QAD Question Answer Detail (language arts education) QAD Quality Application Development Europe, Middle East and Africa. In this capacity, Redwood, 55, will focus on providing enterprise and extended supply-chain solutions to midmarket manufacturing and supply-chain-based organizations throughout the region. Prior to this appointment, Redwood was president of the Largotim division of TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc Integrated Supply Chain Solutions (TRW ISCS ISCS International Solar Cycle Studies (study group for solar variability, climate, and space weather) ISCS International Symposium on Compound Semiconductors ISCS International Satellite Communications System ), which he founded as Largotim in 1979 and which was acquired by TRW in 1997. Redwood grew TRW ISCS to a staff level exceeding 500, with revenues of $75 million and offices in the United Kingdom, the Netherlands, Belgium, Germany, Poland, France, Italy, Spain, Portugal, Switzerland, Tunisia and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Before founding Largotim, Redwood held sales and management positions at Unisys. He is a fellow of the Institute of Directors, a fellow of the Institute of British Management and a member of the Institute of Operations Management. As well as successfully growing Largotim/TRW ISCS itself, Redwood negotiated the acquisition of a number of businesses, an essential part of Largotim's expansion strategy outside the United Kingdom. These acquisitions included Emco (Belgium), TP Industria (Italy), KF Productique (France), MacEnron Associates (United States), Aria (Switzerland) and Southampton Computer Services (United Kingdom). Major TRW ISCS/QAD clients include: Quaker Oats, Sara Lee, Ford, United Technologies Automotive, Sauer, LucasVarity, Crane, Ingersoll-Rand, Krupp, Dana, Rio Tinto, Monsanto, GEC GEC Gaseous Electronics Conference GEC Gigabit EtherChannel GEC Geriatric Education Center (US government; HRSA) GEC General Electric Co. GEC Google Earth Community (online community) and Rockwell. About QAD Founded in 1979, QAD is a leading provider of enterprise and extended supply-chain management software to multinational companies of all sizes, with special focus on the midmarket. Available in 26 languages and able to support multiple currencies, QAD software helps speed business processes for more than 300,000 licensed users at more than 4,000 licensed sites in more than 80 countries. Ideal for distributed operations, QAD's MFG/PRO software is specifically designed for global manufacturers in the following targeted industries: automotive, consumer products, electronics, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , industrial, and medical. Another important advantage is MFG/PRO's fast installation wherever sites are located; a single-site implementation of MFG/PRO typically takes just four months, much faster than the implementation times of other enterprise system providers, which often take 18 months or longer. QAD revenues for the fiscal year ended Jan. 31, 1998, totaled $170 million. For more information about QAD, telephone 805/684-6614 or visit the QAD Web site at http://www.qad.com. To receive any of QAD's news releases via facsimile, call 800/356-0747 or, outside the United States, 213/253-5647. Note to Investors: This news release contains certain forward- looking statements made under the "safe-harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include evolving demand for the company's software products and products that operate with the company's products; the publication of opinions by industry analysts about the company, its products and technology; the entry of new competitors and their technological advances; delays in localizing the company's products for new markets; delays in sales as a result of lengthy sales cycles; changes in operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , pricing, timing of new-product releases, the method of product distribution or product mix; and general economic factors. In addition, revenue and earnings in the enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) software industry are subject to fluctuations, and the growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. recently experienced by the company do not necessarily represent future operating results. Investors should not use any one quarter's results as a benchmark for future growth. For a more detailed description of the risk factors associated with the company and the enterprise resource planning industry, refer to the company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended Jan. 31, 1998. Note to Editors: QAD is a trademark and MFG/PRO is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners. |
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