QAD Improves Stock and Provide Chain Agility with Acquisition of Overseas-Commerce Zone Company
SANTA BARBARA, Calif .– (BUSINESS WIRE) –QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a number one provider of cloud-based enterprise software program and providers for international manufacturing firms, at the moment introduced that it has acquired Overseas-Commerce Zone Company (FTZ Corp.), a number one supplier of Cellular-based Overseas Commerce Zone (FTZ) cloud consulting software program and consulting providers , Alabama. QAD plans to combine FTZ Corp. in QAD Precision, the corporate’s international buying and selling and transportation division.
The transaction is just not anticipated to have a right away and materials affect on QAD’s monetary outcomes. The addition of FTZ Corp. is anticipated to broaden QAD’s addressable market, drive additional cloud progress inside its current buyer base, and strengthen its commerce and transportation options.
“We’re very blissful so as to add FTZ Corp. and its SmartZone resolution to our enterprise, ”mentioned Anton Chilton, CEO of QAD. “Provide chain flexibility is more and more essential in at the moment’s surroundings, forcing producers to adapt rapidly to a quickly altering market. Overseas commerce zones have lengthy been an essential enabler of stock administration and provide chain agility, and our skill to assist clients take full benefit of free zones, whereas saving them time. and cash, is a crucial a part of offering a whole end-to-end service. resolution, from planning to execution. ”
“The crew at FTZ Corp. provides a substantial breadth and depth of experience, with leaders who’ve pioneered revolutionary enhancements and who’re well-known to US Customs who drafted the wording of the Commerce Growth Act of 2000. Simplifying Duties Administration Whereas Bettering ‘Transportation execution and commerce compliance is a singular differentiator for us,’ mentioned Corey Rhodes, president of QAD Precision. “Because the trade’s most strong turnkey resolution, from grant software and audit help to weekly entry processing, SmartZone enhances QAD Precision’s providing and creates a one-stop-shop for all your online business wants. transport, taxes and compliance. ”
“Becoming a member of the QAD crew is a victory for our clients and for our firm,” mentioned Craig Pool, co-founder of FTZ Corp. “By becoming a member of forces with a number one software program firm that has a protracted custom of serving clients and prioritizing international transportation and commerce providers in markets just like ours, we can be higher positioned to offer present clients and new a whole resolution that helps them navigate efficiently. present provide chain necessities. ”
FTZ Corp. was based over 20 years in the past to offer help in free zone tasks throughout the US. Since then, the corporate has grown right into a extremely specialised, superior cloud-based software program and consulting firm. FTZ Corp. has accomplished over 1000 tasks for well-known international firms together with Catalent Pharma, Cummins Inc., Halliburton, Sanden USA, Sub-Zero Group, Inc., Thyssenkrupp Presta and United Furnishings, amongst others.
FTZ Corp. provides options for all features of the Overseas Commerce Zones program, together with feasibility research, Free Zone Council requests and functions, activations with customs and border safety, free zone software program and managed free zone operations.
About QAD – Enabling the Adaptive Manufacturing Enterprise
QAD Inc. is a number one supplier of cloud-based adaptive enterprise software program and providers for international manufacturing firms. World producers are going through growing disruption brought on by technological innovation and altering shopper preferences. To outlive and thrive, producers should be capable to innovate and alter enterprise fashions at unprecedented pace. QAD calls these firms adaptive manufacturing firms. QAD options assist clients within the automotive, life sciences, shopper merchandise, meals and beverage, excessive tech and industrial manufacturing industries rapidly adapt to alter and innovate to realize a aggressive benefit.
Based in 1979 and based mostly in Santa Barbara, California, QAD has 30 workplaces world wide. Over 2,000 manufacturing firms have deployed QAD options together with Enterprise Useful resource Planning (ERP), Demand and Provide Chain Planning (DSCP), World Commerce and Transportation Execution ( GTTE) and High quality Administration System (QMS) to change into an adaptive manufacturing enterprise. To be taught extra, go to www.qad.com or name +1 805-566-6100. Discover us on Twitter, LinkedIn, Fb, Instagram and Pinterest.
“QAD” is a registered trademark of QAD Inc. All different product or firm names talked about on this doc could also be emblems of their respective house owners.
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