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05/05/2008

QAD to Acquire FullTilt Solutions

QAD Inc., a provider of enterprise software and services for global manufacturers, enters into a definitive agreement to acquire the assets of FullTilt Solutions Inc., a product information management (PIM) software developer. FullTilt's products include Perfect Product Suite, an enterprise PIM solution that addresses the growing need for product-centric master data management (MDM) for Internet-enabled commerce.

PIM and MDM solutions help companies create a "single view" of a product across their enterprise by separately managing all data, processes, and trading relationships, both internal and external, related to that product. QAD sees these capabilities as integral to its continuing effort to bring its customers "Total Enterprise Capability" in their IT systems.

While specific terms were not disclosed, the transaction will see the complete FullTilt product suite move to QAD, which intends to continue developing these products and to extend the suite as part of its strategy to address the needs of customers in its core vertical markets. The transaction is expected to close by the end of April 2008.

QAD will also continue to deliver services and support to existing users of FullTilt's products, effective immediately and without interruption. Bob Moyer, co-founder and president, will lead the PIM Product Unit within QAD and brings with him key employees of FullTilt.