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QAD Inc.

Topic: Company

 From HandWiki - Reading time: 5 min

QAD | Redzone
TypePrivate
IndustryComputer software
FoundedCarpinteria, California (1979)
HeadquartersMiami, Florida
Key people
Pamela Lopker (Founder),
Sanjay Brahmawar (CEO)
ProductsERP, QAD Adaptive Applications, QAD Adaptive ERP
OwnerThoma Bravo
Number of employees
1,400+ (2025)
Websitewww.qad.com

QAD Inc. is a software company that provides enterprise resource planning (ERP) software and related enterprise software to manufacturing companies. The company has customers in over 100 countries around the world.[1]

On June 28, 2021, it was announced that Thoma Bravo acquired QAD Inc. in an all-cash transaction with an equity value of approximately US$2 billion.[2]

History

QAD was founded in 1979 by Pamela Lopker, who served as president.[3] QAD initially developed proprietary software applications for manufacturing companies in Southern California.[4]

In 1984, QAD announced MFG/PRO, built using 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 APICS principles. MFG/PRO was also one of the first applications to support closed-loop Manufacturing Resource Planning (MRP II), as well as operation in open systems. QAD software supports lean manufacturing principles and interoperates with other systems via open standards. QAD stock began trading as of its initial public offering (IPO) on August 6, 1997.[5]


In 2015, the QAD Cloud ERP software was enhanced further when the Channel Islands User Experience (UX) initiative was launched in phases, named after the Channel Islands off the coast of Santa Barbara, California. In 2017, the QAD Enterprise Platform was released as a way to deliver functionality to users utilizing the Channel Islands UX in QAD Cloud ERP.

In 2018, Anton Chilton was named CEO. Chilton had been with the company since 2004.[6] In 2019, QAD renamed its software portfolio to QAD Adaptive Applications. In addition, QAD's flagship ERP software was renamed QAD Adaptive ERP, which features the Adaptive UX and is built on the QAD Enterprise Platform. In 2022, QAD sold its headquarters to the University of California for $100 million.[7]

In March 2025, Sanjay Brahmawar was named CEO, succeeding Anton Chilton.[6]

Acquisitions

In June 2006, QAD acquired Bisgen Ltd. whose customer relationship management (CRM) product was tailored to the sales and marketing automation needs of manufacturers.[8][9] In September, the company acquired transportation management software provider Precision Software.[9][10] Later that year, FBO Systems Inc., a provider of enterprise asset management (EAM) software, was acquired.[9]

In April 2008, the company acquired the assets of FullTilt Solutions, a developer of product information management (PIM) software.[9][11][12]

In June 2012, QAD acquired DynaSys, a European provider of collaborative demand and supply chain planning software, for a reported €6.0 million.[13] In December of that year, CEBOS, a provider of quality management and management system standard software and services, was acquired.[14]

In August 2018, QAD acquired PT Iris Sistem Inforindo (PT Iris), a distributor and system integrator for QAD software operating across South Asia, primarily in Indonesia.[15]

Allocation Network GmbH, a provider of strategic sourcing and supplier management based in Munich, Germany, was acquired in January 2021. In April of that year, QAD acquired Foreign Trade Zone Corporation, a provider of cloud-based Foreign-Trade Zone (FTZ) software and consulting services based in Mobile, Alabama.[16] In December, QAD acquired California-based WebJaguar.[17]

In February 2023, QAD announced it had acquired Redzone, a connected workforce solution provider based in Miami, FL., for $1 Billion. It was QAD's largest acquisition to date.[18][6]

QAD purchased Phenix Software Inc. in October 2024.[19]

Acquisition by Thoma Bravo

On June 28, 2021, QAD announced[20] that it has entered into a definitive agreement to be acquired by Thoma Bravo, a private equity investment firm focused on the software and technology-enabled services sector, in an all-cash transaction with an equity value of approximately US$2 billion. Under the terms of the agreement, QAD shareholders will receive $87.50 per share of Class A Common Stock or Class B Common Stock in cash.

Upon completion of the transaction, QAD became a private company that will continue investing in the development and deployment of enterprise resource planning (ERP) software and related enterprise software for manufacturing companies around the world. Anton Chilton will continue to lead QAD as CEO, and the company will maintain its headquarters in Santa Barbara, California.

The acquisition of QAD by Thoma Bravo was completed in early November 2021.[21] Following the completion of the transaction, Mrs. Lopker intends to retain a significant ownership interest in the company and will continue serving the QAD Board.[20]

See also

References

  1. ↑ About QAD | Company Profile
  2. ↑ "QAD Inc. to be Acquired by Thoma Bravo for $2 Billion" (Press release). Santa Barbara, California: QAD Inc. June 28, 2021. Retrieved 2021-07-01.
  3. ↑ Staff, Indy (2021-07-03). "QAD Acquired for $2 Billion" (in en-US). https://www.independent.com/2021/07/03/qad-acquired-for-2-billion/. 
  4. ↑ University, Karin Grennan for California Lutheran (2017-01-03). "Founder Pam Lopker to tell ‘QAD Story’ at Corporate Event" (in en-US). https://www.noozhawk.com/qad_founder_lopker_hero_of_manufacturing/. 
  5. ↑ "Form S-1/A: Securities Registration Statement". US SEC. August 28, 1997. https://www.sec.gov/Archives/edgar/data/1036188/0000912057-97-025181-index.html. Retrieved October 26, 2016. 
  6. ↑ 6.0 6.1 6.2 Mercado, Jorge (March 10, 2025). "QAD appoints new CEO, Chilton steps down after 7 years". https://www.pacbiztimes.com/2025/03/10/qad-appoints-new-ceo-chilton-steps-down-after-7-years/. 
  7. ↑ Mercado, Jorge (June 29, 2022). "University of California buys hilltop QAD property for more than $100M". https://www.pacbiztimes.com/2022/06/29/university-of-california-buys-hilltop-qad-property-for-more-than-100m/. 
  8. ↑ Lindsey, Don. "QAD Acquisitions and What They Mean For the QAD User". https://www.32soft.com/blog/qad-acquisitions-and-what-they-mean-for-the-qad-user/. 
  9. ↑ 9.0 9.1 9.2 9.3 "Initiating Coverage of QAD Inc." (in en-US). 2019-09-05. https://www.kliuco.com/research/2019/9/4/initiating-coverage-of-qad-inc. 
  10. ↑ Staff reporter (2006-09-25). "QAD acquires Precision Software for transportation management" (in en). https://www.manufacturingmanagement.co.uk/content/news/qad-acquires-precision-software-for-transportation-management/. 
  11. ↑ Meikle, Brad (2008-04-28). "Exit watch, week of April 28, 2008" (in en-US). https://www.buyoutsinsider.com/exit-watch-week-of-april-28-2008/. 
  12. ↑ "QAD to Acquire FullTilt Solutions" (in en). 2008-05-05. https://consumergoods.com/qad-acquire-fulltilt-solutions. 
  13. ↑ "QAD acquires DynaSys for €6.0 million | Manufacturing & Logistics IT Magazine" (in en). https://www.logisticsit.com/articles/2012/08/16/qad-acquires-dynasys-for-%E2%82%AC6.0-million/. 
  14. ↑ Writer, CBR Staff (2013-01-02). "QAD acquires CEBOS" (in en-US). https://www.techmonitor.ai/technology/qad-acquires-cebos-020113. 
  15. ↑ "QAD Launches Indonesian Subsidiary and Will Acquire PT Iris Business Assets" (Press release). Santa Barbara, California: QAD Inc. Aug 22, 2018. Retrieved 2021-07-01.
  16. ↑ Finance, Focus (2021-04-08). "Enterprise Software Company QAD Confirms Acquisition Of Foreign-Trade Zone" (in en). https://www.focusfinance.org/post/enterprise-software-company-qad-confirms-acquisition-of-foreign-trade-zone. 
  17. ↑ Jepma, William (2021-12-21). "QAD Acquires WebJaguar to Expand its Customer Management Portfolio" (in en-US). https://solutionsreview.com/enterprise-resource-planning/qad-acquires-webjaguar-to-expand-its-customer-management-portfolio/. 
  18. ↑ FinSMEs (2023-02-01). "QAD Acquires Redzone" (in en-US). https://www.finsmes.com/2023/02/qad-acquires-redzone.html. 
  19. ↑ "QAD Acquires Phenix Software, Bolsters Advanced Scheduling Capabilities for Adaptive Enterprises" (in en-us). 2024-10-07. https://www.foodlogistics.com/software-technology/software-solutions/news/22922422/qad-inc-qad-acquires-phenix-software-bolsters-advanced-scheduling-capabilities-for-adaptive-enterprises. 
  20. ↑ 20.0 20.1 "QAD Inc. to be Acquired by Thoma Bravo for $2 Billion" (Press release). Santa Barbara, California: Thoma Bravo. June 28, 2021. Retrieved 2021-07-01.
  21. ↑ "Thoma Bravo Completes Acquisition of QAD". Santa Barbara, California: Businesswire. November 6, 2021. https://www.businesswire.com/news/home/20211105005529/en/Thoma-Bravo-Completes-Acquisition-of-QAD. 



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