Leading manufacturing and supply chain solutions provider, QAD Inc., has acquired Redzone, the #1 connected workforce solution for manufacturing. QAD, a portfolio company of leading private equity firm, Thoma Bravo, provides cloud-based Adaptive ERP solutions.
In December, Livejourney was also acquired by QAD. Livejourney, a provider of predictive modeling and real-time process mining system designed to uncover, monitor, and enhance business processes. This is the second acquisition that QAD has successfully completed in the last two months. The QAD Adaptive Enterprise is one in which manufacturers and supply chains swiftly adapt and seamlessly optimize resilience, agility and overall efficiency for superior customer service in a tumultuous world with supply disruptions and demand swings.
The addition of Redzone's connected workforce offering gives QAD customers the ability to quickly and significantly boost empowerment, retention, and productivity on the front lines, hence enhancing the QAD Adaptive Applications product suite. Employees that adopt a growth mentality are more equipped to accept full responsibility for issues that affect their production targets, make continual progress, and build resilience in the face of disruption.
Anton Chilton, QAD CEO, said, “We are delighted to bring Redzone into the QAD family.” He further added, “We believe the emerging connected workforce space is the most transformational area of technology for manufacturing companies. As we assessed the market for the category leader, it was evident that not only is Redzone the #1 provider globally but also the pioneer of the category and the one who continues to define it. And the Company’s financial performance speaks to its market leadership: profitable since inception, SaaS revenues growing 35 percent organically, and a clear path to being the first connected workforce solution in manufacturing to achieve $100 million revenue run rate this year.”
(Source - GlobeNewswire)
About QAD
QAD is a leading cloud-based manufacturing and supply chain solutions provider. The company’s adaptive applications help manufacturers and supply chains quickly adapt to change and seamlessly optimize agility, efficiency, and resilience for successful customer service in a volatile world with supply disruptions and swings in demand. The company’s solutions include supplier relationship management (SRM), enterprise resource planning (ERP), digital supply chain planning (DSCP), digital commerce (DC), transportation execution (GTTE), enterprise quality management systems and global trade.