QAD Inc - History

History

QAD was originally formed in 1979 by Pam Lopker, who remains QAD's President and Chairman today. QAD initially developed proprietary software applications for manufacturing companies in southern California. In 1984, QAD launched its flagship product MFG/PRO. MFG/PRO was built using the Progress Software Corporation's Fourth Generation Language (4GL) and relational database. MFG/PRO was one of the first software applications built for manufacturers following the principles of the American Production & Inventory Control Society (APICS). MFG/PRO was also one of the first applications to support closed loop Manufacturing Resource Planning (MRP II), as well as operating in the newly emerging open systems arena. QAD software supports Lean Manufacturing principles and inter-operates with other systems via open standards. A product called Supply Visualization was first hosted in multi-tenant configuration for QAD customers and those customers' suppliers making QAD an early player in providing SaaS software for manufacturing.

In 2006, QAD launched its next generation user interface called .NET UI.

In 2007, QAD renamed its core product suite from MFG/PRO to QAD Enterprise Applications. With the launch of QAD Enterprise Applications 2007, QAD pioneered hybrid deployment, with the ability to deploy the application either On Premise, On Appliance or On Demand (SaaS).

In 2008, QAD launched a significant enhancement to its core suite with the release of the Enterprise Edition of QAD Enterprise Applications.

In 2010, QAD launched QAD Enterprise Applications 2010.1 (QAD 2010.1) which is designed to meet the unique needs of global manufactured product companies, this software release helps today’s companies operate at peak efficiency for accelerated business recovery and growth.

In 2010, per the initiative and request of CEO Karl Lopker and Chairman Pam Lopker (who together own over 60% of the company), QAD received a board recommendation and shareholder approval to form two share classes of QAD stock. The reverse split that accompanied the creation of the two share classes, QADA 1/20 vote per share, and QADB, 1 vote per share, reduced the outstanding sharecount of the company by 50%. Where before QADI had over 33 million shares outstanding, QADA has about 13.2 million shares outstanding and QADB has 3.3 million shares. (All of this information is verifiable via SEC documents issued by QAD Inc. at www.sec.gov)

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