|By Business Wire||
|November 26, 2012 10:07 AM EST||
Precision Software, a division of QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), a leading provider of transportation and trade management solutions and a Gold level member of the Oracle® Partner Network (OPN), today announced it has achieved Oracle Validated Integration of Precision Software Transportation Management System (TMS) Parcel v2012 with Oracle Transportation Management 6.2.
Precision TMS now offers a comprehensive multi-carrier manifesting application integrated with Oracle Transportation Management to support small parcel shipping. This enhances rapid shipment processing for high volume shipping environments. The integration offers carrier compliant label generation and end-of-day manifesting utilizing Precision Software global carrier certifications (more than 40 worldwide).
To achieve Oracle Validated Integration, Oracle partners are required to meet a stringent set of requirements that are based on the needs and priorities of the customers. With the continuing growth of online retailing, the requirement to support parcel shipping is more important than ever. It is now becoming essential for companies to include parcel in their freight mix and this is a driving force for the integration. Precision Software TMS extends the functionality of Oracle Transportation Management by making it easier for customers to consider parcel carrier services during rate analysis and planning.
The connectivity between the systems allows customers to build shipping networks that include parcel carrier services. This also allows for these shipments to be considered during planning and optimization in Oracle Transportation Management.
“By enabling customers to easily consider parcel carrier services during rate analysis and planning, Oracle Validated Integration with Precision Software TMS can allow our existing and new clients to reduce costs and achieve a much quicker time to market,” said Robert Clesi, senior manager, Alliance Partners, Precision Software. “Precision takes great care in evaluating the market requirements, and we feel that we have expanded on the international capabilities and scalability with this recent offering.”
“Oracle Validated Integration applies a rigorous technical review and test process,” said Kevin O’Brien, senior director, ISV and SaaS Strategy, Oracle. “Achieving Oracle Validated Integration through Oracle Partner Network gives our customers confidence that the integration between Precision Software TMS Parcel v2012 and Oracle Transportation Management 6.2 has been validated, and that the products work together as designed. This helps reduce risk and improves the implementation cycles for our joint customers.”
About Oracle Validated Integration
Oracle Validated Integration, available through the Oracle Partner Network (OPN), gives customers confidence that the integration of complementary partner software products with Oracle Applications and specific Oracle Fusion Middleware solutions have been validated, and the products work together as designed. This can help customers reduce risk, improve system implementation cycles, and provide for smoother upgrades and simpler maintenance. Oracle Validated Integration applies a rigorous technical process to review partner integrations. Partners who have successfully completed the program are authorized to use the “Oracle Validated Integration” logo. For more information, please visit Oracle.com at http://www.oracle.com/us/partnerships/solutions/index.html.
About Oracle Partner Network
Oracle Partner Network (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit, http://www.oracle.com/partners.
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be the registered trademarks of their respective owners.
About Precision Software
Precision Software, a division of QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), provides industry-leading transportation and global trade management software solutions from a single, integrated platform. The Precision suite of products is designed with open architecture allowing for easy integration with leading Enterprise Resource Planning (ERP), Warehouse Management Systems (WMS) and existing legacy solutions to reduce transportation costs, avoid delays at trans-border crossings and mitigate the risks associated with dynamic trading environments. Precision Software customers span multiple industries including life sciences, consumer packaged goods, electronics, retail, industrial products, food and beverage, and 3rd party logistics providers. For more information about Precision Software, visit www.precisionsoftware.com or e-mail [email protected].
Note to Investors: This press release contains certain forward-looking statements made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expects”, “believes”, “anticipates”, “could”, “will likely result”, “estimates”, “intends”, “may”, “projects”, “should”, and variations of these words and similar expressions are intended to identify these forward looking statements. Forward-looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and future conditions. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include, but are not limited to, evolving demand for the company's software products and products that operate with the company's products; the company's ability to sustain license and service demand; the company's ability to leverage changes in technology; the company's ability to sustain customer renewal rates at current levels; the publication of opinions by industry and financial analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; the entry of new competitors or new offerings by existing competitors and the associated announcement of new products and technological advances by them; delays in localizing the company's products for new or existing markets; the ability to recruit and retain key personnel; delays in sales as a result of lengthy sales cycles; changes in operating expenses, pricing, timing of new product releases, the method of product distribution or product mix; timely and effective integration of newly acquired businesses; general economic conditions; exchange rate fluctuations; and, the global political environment. In addition, revenue and earnings in the software industry are subject to fluctuations. Software license revenue, in particular, is subject to variability with a significant proportion of revenue earned in the last month of each quarter. Given the high margins associated with license revenue, modest fluctuations can have a substantial impact on net income. Investors should not use any one quarter's results as a benchmark for future performance. For a more detailed description of the risk factors associated with QAD Inc., including its Precision Software division, and the industries in which it operates, please refer to QAD Inc.’s Annual Report on Form 10-K for fiscal 2012 ended January 31, 2012, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports QAD Inc. files with the Securities and Exchange Commission.
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