QAD Inc.

Canaccord Genuity is pleased to announce that on January 22, 2015, it closed a $60 million underwritten equity offering of common stock for QAD Inc. (NASDAQ: QADA and QADB).  QAD completed an underwritten public offering of 3,000,000 shares of its Class A common stock, which were sold at a price to the public of $20.00 per share. 2,000,000 of the shares of Class A common stock were sold by QAD and 1,000,000 of the shares of Class A common stock were sold by the company’s controlling stockholders Karl F. Lopker and Pamela M. Lopker through their living trust. Additionally, QAD granted the underwriters a 30-day option to purchase up to 450,000 additional shares of its Class A common stock from the Company in the public offering. 

Canaccord Genuity acted as joint book-running manager for the offering.

QAD is a leading provider of enterprise software and services designed for global manufacturing companies. For more than 35 years, QAD has provided global manufacturing companies with QAD Enterprise Applications, an enterprise resource planning (ERP) system that supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD Enterprise Applications is offered in flexible deployment models including on-premise software, in the cloud with QAD Cloud ERP or in a blended environment. With QAD, customers and partners in the automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries can better align daily operations with their strategic goals to meet their vision of becoming more Effective Enterprises.