QAD to Acquire FullTilt Solutions’ Product Suite
Product Information Management and Master Data Management Solution Capabilities to Complement QAD’s Vision
SANTA BARBARA, Calif.--QAD Inc., (Nasdaq: QADI), a leading provider of enterprise software and services for global manufacturers, today announced it has entered into a definitive agreement to acquire the assets of FullTilt Solutions Inc., a Pennsylvania-based Product Information Management (PIM) software developer. FullTilt’s products include Perfect Product Suite, an enterprise PIM solution that addresses the growing need for product-centric Master Data Management (MDM) for Internet-enabled commerce.
While specific terms were not disclosed, the transaction will see the complete FullTilt product suite move to QAD, who intends to continue developing these products and to extend the suite as part of its strategy to address the needs of customers in its core vertical markets. The transaction is expected to close by the end of April 2008.
QAD will also continue to deliver services and support to existing users of FullTilt’s products, effective immediately and without interruption. Bob Moyer, co-founder and president, will lead the PIM Product Unit within QAD and brings with him key employees of FullTilt.
PIM and MDM solutions help companies create a “single view” of a product across their enterprise by separately managing all data, processes, and trading relationships, both internal and external, related to that product. QAD sees these capabilities as integral to its continuing effort to bring its customers “Total Enterprise Capability” in their IT systems.
“We are very pleased to welcome Bob Moyer and his team to QAD,” said Pamela Lopker, founder and president of QAD. “We believe that FullTilt’s products represents the ‘state of the art’ in the PIM and MDM market, and the addition of Perfect Product Suite to our portfolio will allow QAD to deliver a complete solution to customers in this important area. We see these capabilities as critical in furthering our Vision for the Perfect Lean Market.”
Perfect Product Suite has been built using an extensible service-oriented architecture (SOA) targeting cross-function, end-to-end business processes. It automates the internal and external data synchronization processes necessary to ensure that product information is accurate, relevant and dynamic within the enterprise and throughout the supply chain.
“I am excited to have joined QAD and feel that their focus on customers and commitment to the PIM and MDM markets are strongly aligned with ours,” said Bob Moyer. “I look forward to driving development of the PIM solution and gaining new customers, as well as continuing to grow relationships with existing FullTilt users.”
About FullTilt Solutions
FullTilt Solutions, Wayne, Pa., is a leading provider of enterprise Product Information Management (PIM) solutions. FullTilt focuses on providing solutions for the Consumer Packaged Goods, Retail, Electronics, MRO and Life Sciences industries. FullTilt's flagship product, Perfect Product Suite™, automates, manages and optimizes the business processes required for the complete and accurate internal and external data synchronization necessary for perfect Internet enabled commerce. FullTilt provides product centric Master Data Management (MDM) for all vital product related attributes and relationships throughout the enterprise and for all trading partners. FullTilt provides data synchronization to GDSN certified data pools including 1SYNC. Founded in 1987, FullTilt has been implementing enterprise PIM solutions since 2001 at leading organizations. Further information about FullTilt Solutions and its products is available at www.fulltiltsolutions.com.
About QAD
QAD is a leading provider of enterprise applications for global manufacturing companies. QAD applications 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.
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