QAD Inc. (QADA) Acquires French Supply Chain Planning Co. DynaSys S.A. in $7.5M Deal
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QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), has acquired Strasbourg, France-based DynaSys S.A., a leading provider of supply chain planning software solutions, for €6.0 million (or approximately US$7.5 million).
DynaSys generated revenues of approximately €5.0 million in 2011 and has approximately 40 employees. QAD plans to build on DynaSys’ existing markets and further expand the penetration of n.SKEP, DynaSys’ flagship product, into QAD’s global customers and the global supply chain planning market. DynaSys will operate as a division of QAD. QAD expects the acquisition will add some additional revenue to the second quarter of FY13, however, at this time, the company has no formal update to its prior financial guidance.
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DynaSys generated revenues of approximately €5.0 million in 2011 and has approximately 40 employees. QAD plans to build on DynaSys’ existing markets and further expand the penetration of n.SKEP, DynaSys’ flagship product, into QAD’s global customers and the global supply chain planning market. DynaSys will operate as a division of QAD. QAD expects the acquisition will add some additional revenue to the second quarter of FY13, however, at this time, the company has no formal update to its prior financial guidance.
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