SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise business software and services for global manufacturing companies, today announced it has signed a complementary solutions partnership agreement with Unicorn HRO, a leading human resources (HR) and payroll software and services provider.
The agreement provides QAD the opportunity to offer HR and payroll functionality with QAD Enterprise Applications to its North American customer base and Unicorn HRO to expand its market presence.
Unicorn’s flagship iCON application suite provides robust human resources and payroll functionality for manufacturing companies, and supports the entire employee life cycle, from recruitment to retirement. It includes capabilities for HR, payroll and tax processing, time and attendance, benefits administration and enrollment, employee self-service, human capital analytics and reporting, and workforce management.
Like QAD Enterprise Applications, the Unicorn HRO solution is available on premise, or on demand in a Software as a Service (SaaS) delivery model.
“We’re very excited to partner with QAD,” noted Tim Diassi, executive vice president and general manager for Unicorn HRO. “Unicorn HRO’s SaaS-based human resources and payroll services will vastly improve the customer’s and employee’s experience by automating the entire recruitment-to-retirement process. Given our complementary applications and integration, Unicorn HRO and QAD are now able to offer a complete solution in a simple-to-adopt delivery model.”
About Unicorn HRO
Founded in 1982 and headquartered in Florham Park, NJ, Unicorn HRO® is a leading provider of integrated, customizable and affordable human resource software and service solutions to companies with 100 to 10,000 employees. With industry-leading client retention, driven by service, Unicorn HRO has enjoyed a 25+ year track record of success, serving the HR needs of nearly 800 companies with an average tenure of 14 years and representing over one million employees. Unicorn HRO® has offices in Raleigh, NC; Seattle, WA; and Houston and Dallas, TX. For more information, visit www.unicornhro.com.
About QAD
QAD is a leading provider of enterprise resource planning (ERP) applications for global manufacturing companies. QAD applications, including SaaS ERP provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners to make and deliver the right product, at the right cost and at the right time. Manufacturers of automotive, consumer products, electronics, food and beverage, industrial and life science products use QAD applications at approximately 6,100 licensed sites in more than 90 countries and in as many as 27 languages. For more information about QAD, telephone +1-805-684-6614, or visit the QAD Web site at 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.
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. 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, evolving demand for the company's software products and products that operate with the company's products; the company's ability to sustain license and service demand; the company's ability to leverage changes in technology; the company's ability to sustain customer renewal rates at current levels; the publication of opinions by industry and financial analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; the entry of new competitors or new offerings by existing competitors and the associated announcement of new products and technological advances by them; delays in localizing the company's products for new or existing markets; the ability to recruit and retain key personnel; delays in sales as a result of lengthy sales cycles; changes in operating expenses, pricing, timing of new product releases, the method of product distribution or product mix; timely and effective integration of newly acquired businesses; general economic conditions; exchange rate fluctuations; and, the global political environment. In addition, revenue and earnings in the enterprise resource planning (ERP) software industry are subject to fluctuations. Software license revenue, in particular, is subject to variability with a significant proportion of revenue earned in the last month of each quarter. Given the high margins associated with license revenue, modest fluctuations can have a substantial impact on net income. Investors should not use any one quarter's results as a benchmark for future performance. For a more detailed description of the risk factors associated with the company and the industries in which it operates, please refer to the company's Annual Report on Form 10-K for fiscal 2011 ended January 31, 2011.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6853556&lang=en