20/09/2018
QAD Launches Indonesian Subsidiary and Will Acquire PT Iris Business Assets
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SANTA BARBARA, Calif. -- Aug. 22, 2018 -- QAD Inc. (Nasdaq : QADA ) (Nasdaq : QADB ), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, today announced it has launched a new Indonesian subsidiary, PT QAD Asia Indonesia, and entered into a definitive agreement to acquire the business assets of PT Iris Sistem Inforindo (PT Iris). The acquisition is scheduled to close by Aug. 31.
"Indonesia has one of the fastest growing economies in the ASEAN region and is becoming one of the region's most important automotive manufacturing centers. QAD's direct presence in the country will provide global manufacturers and local companies with the full benefit of QAD's capabilities," said QAD Senior Vice President Asia Pacific, Stefan de Haar. "We see tremendous opportunity in this part of the region and we plan to leverage our investment to accelerate our market growth."
"PT Iris has been a QAD partner in South Asia for over 20 years and we have been impressed with the excellent work they have done with QAD solutions, their high customer satisfaction rates and the business value they have provided for our customers," said QAD Managing Director, South Asia, Stephen Fowler. "We look forward to serving our existing customers and new customers in Indonesia with PT QAD Asia Indonesia and expanding our share in the automotive and other manufacturing sectors in the country. I believe our cloud solutions, with their vertical focus and global capabilities are perfectly positioned for this market."
Founded in 1991 and headquartered in Jakarta, PT Iris has more than 40 employees, primarily business consultants supporting local and multinational companies in Indonesia and the ASEAN region. The company's specialties include Business Process Management (BPM) and Enterprise Resource Planning (ERP). PT Iris is a longtime distributor and system integrator for QAD solutions operating across South Asia, primarily in Indonesia. QAD does not expect a material impact to revenue or earnings in FY19 as a result of the acquisition.
"PT Iris has been a very successful partner for many years and a major contributor to our growth in Indonesia and the surrounding region," said QAD President and Founder Pam Lopker. "We are excited to add these local resources to our global capabilities."
QAD is a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial manufacturing industries. QAD sells full-featured, secure and flexible enterprise and supply chain solutions built for global manufacturing companies, which can be delivered in the cloud, on-premise or via a blended combination of cloud and on-premise for manufacturers wanting to move to cloud over time.
About QAD – The Effective Enterprise
QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB) is a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies. QAD Cloud ERP for manufacturing supports operational requirements in the areas of financials, customer management, supply chain, manufacturing, service and support, analytics, business process management and integration. QAD's portfolio includes related solutions for quality management software, supply chain management software, transportation and global trade management software and B2B interoperability. Since 1979, QAD solutions have enabled customers in the automotive, consumer products, food and beverage, high tech, industrial manufacturing and life sciences industries to better align operations with their strategic goals to become Effective Enterprises.
To learn more, visit www.qad.com or call +1 805-566-6000.
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