History 2021: Thoma Bravo bought QAD for $2 billionĪt the end of June 2021, the investment company Thoma Bravo announced the purchase of the developer of ERP systems QAD for $2 billion. A recapitalization plan has been completed to increase the financial flexibility of the corporation.Registration for QAD Explore 2011 is open.QAD Director of Automotive was awarded the AIAG Award for the significant MMOG/LE in the refinement of the international automotive standard.orders for purchase of licenses from such large companies representing the target markets of QAD as Adium Pharma S.A., Argon Medical Devices, Dakota Growers Corporation, Eaton Corporation, Fujikura Electronics, General Mills India Pvt Ltd, Scotts International and Visteon Corporation are received - QAD is recognized by the pioneer in providing full Enterprise resource planning on the SaaS model (according to Aberdeen Group).Orders in excess of $500,000 - 37 were received, including orders in excess of $1 million - 14.Key developments in the fourth quarter of FY 2011: The cash balance as of January 31 was nearly $67.3 million. Net income was $3.9 million, compared to $1.3 million in fiscal year 2010. In total, QAD received revenue of $220 million for the entire fiscal year 2011. In the first quarter of the next fiscal year (February 1 - April 30, 2011), the company expects to receive revenue of about $56 million. The corporation's net profit amounted to $3.1 million (in the fourth quarter of last year it amounted to only 685 thousand dollars). License fees increased by 79%, revenues from the provision of services - by 21%, revenues from technical support, etc. ![]() Total revenue for the fourth quarter was $62.5 million, up 19% from the same period last year. QAD Inc has summed up the results of the fourth quarter and the entire 2011 fiscal year and will pay dividends to Class A shareholders in the amount of $0.06 per share and Class B - $0.05 per share. Performance indicators Results of the fourth quarter and total 2011 fiscal year The first company in Russia to implement the MFG/PRO system was Kraft Foods Russia. Among the former and current users of QAD solutions are well-known companies such as General Electric, Coca-Cola, Mars, Volvo and many others. The flagship ERP system QAD - QAD Enterprise Applications (MFG/PRO) - supports 27 languages and has about 5,800 implementations in automotive, electronic, medical, pharmaceutical, food and light industries in 90 countries of the world.
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