{"id":401299,"date":"2020-12-16T16:08:15","date_gmt":"2020-12-16T21:08:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401299"},"modified":"2020-12-16T16:08:15","modified_gmt":"2020-12-16T21:08:15","slug":"qad-expands-capabilities-in-strategic-sourcing-and-supplier-management-with-planned-acquisition-of-allocation-network-gmbh","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/qad-expands-capabilities-in-strategic-sourcing-and-supplier-management-with-planned-acquisition-of-allocation-network-gmbh\/","title":{"rendered":"QAD Expands Capabilities in Strategic Sourcing and Supplier Management with Planned Acquisition of Allocation Network GmbH"},"content":{"rendered":"

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QAD Expands Capabilities in Strategic Sourcing and Supplier Management with Planned Acquisition of Allocation Network GmbH<\/b><\/p>\n

— Will round out QAD\u2019s Integrated Supplier Management portfolio, offering best-in-class capabilities to help Procurement Organizations improve profitability —<\/i><\/p>\n

SANTA BARBARA, Calif.–(BUSINESS WIRE<\/a>)–QAD Inc.<\/a> (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of adaptive, cloud-based enterprise software and services for global manufacturing companies, today announced it entered into a definitive agreement to acquire Allocation Network GmbH, a best-in-class solution provider for strategic sourcing and supplier management, based in Munich, Germany.\n<\/p>\n

\nThe acquisition, which is expected to close by the end of 2020, will not have an immediate, material impact on QAD\u2019s financial results. The acquisition is in line with QAD\u2019s strategy of acquiring quality products with limited market reach and leveraging QAD\u2019s global footprint. The acquisition will support QAD\u2019s cloud growth within its existing customer base and strengthen its overall product offering.\n<\/p>\n

\nQAD will fully incorporate Allocation Network\u2019s sourcing, supplier management and procurement systems into its Integrated Supplier Management portfolio to allow customers to eliminate off-contract buying, increase purchasing power and boost cost savings. In today\u2019s world, where agility and flexibility in the supply chain are increasingly critical, this powerful combination will greatly enhance the agility and innovation companies are seeking to dynamically manage their supplier communities while delivering operational and financial efficiencies more quickly. Allocation Network will operate as a division of QAD.\n<\/p>\n

\n\u201cWe are excited and delighted to welcome Allocation Network to QAD,\u201d said QAD CEO Anton Chilton. \u201cWe see tremendous value in their focus on direct sourcing and procurement, highly experienced team and leadership, strong presence in manufacturing vertical segments, and geographic location. Our company cultures are well matched, focusing on the success of our customers and the welfare of our employees.\u201d\n<\/p>\n

\n\u201cThis strategic acquisition enhances our ability to enable the vision of the Adaptive Manufacturing Enterprise, extending our capability in supplier management and supporting additional cloud growth,\u201d said Chilton. \u201cAdditionally, Allocation Network\u2019s strong presence in Germany provides us with an ideal position to continue to address and support that country\u2019s large automotive market.\u201d\n<\/p>\n

\n\u201cThe Allocation Network team is enthusiastic about joining QAD,\u201d said Allocation Network Managing Director Bernhard Soltmann. \u201cAllocation Network customers and employees will benefit from QAD\u2019s global presence, 24\/7 support and portfolio of manufacturing ERP and supply chain solutions. This acquisition will provide customers the agility and innovation needed to rapidly respond to a complex supplier environment while delivering operational and financial efficiencies.\u201d\n<\/p>\n

\nFounded in 1998, Allocation Network is a best-of-breed solution provider for strategic sourcing and supplier quality management with approximately 50 employees. Allocation Network centralizes and organizes the entire post-contract procurement process of a product lifecycle using its Supplier Management, Sourcing, Auctions and Collaboration modules. The company\u2019s integrated cloud-based solutions are sold to customers including BMW, Denso, MAGNA, Siemens, VOITH and Volkswagen. With a strong presence in the German automotive market, Allocation Network enhances QAD\u2019s position in supporting the world\u2019s fourth largest automotive marketplace.\n<\/p>\n

\nAllocation Network\u2019s products and services fall into four strategic areas:\n<\/p>\n