socaltech.com
Santa Barbara-based
QAD, which develops software for the manufacturing sector, said Tuesday afternoon that it has completed its acquisition of
Allocation Network GmbH. Allocation Network GmbH was based in Munich, Germany. Financial terms of the acquisition were not announced. The company said the acquisition will strengthen its suite of products and services, plus support its cloud growth initiatives. QAD is led by CEo Anton Chilton.
socaltech.com
Santa Barbara-based
QAD, which develops enterprise software used in the manufacturing sector, says it is in a definitive agreement to acquire a German company,
Allocation Network GmbH, which provides strategic sourcing and supplier management. Financial details of the deal were not announced, and QAD said that the acquisition will not have an immediate, material impact on its financial results. The deal is expected to close by the end of 2020. QAD says it will incorporate Allocatio Network s sourcing, supplier management, and procurement systems into its Integrated Supplier Management portfolio.
Splitit Announces Appointment of Tyson Hackwood as Head of Market Development, APAC
Splitit Announces Appointment of Tyson Hackwood as Head of Market Development, APAC
Splitit Payments Ltd (ASX:SPT), a global instalment payment technology company, has appointed Tyson Hackwood as Head of Market Development, Asia-Pacific. Based in Sydney, Tyson will be responsible for growing the companys presence in the APAC region. Through the development of a Sales and Partnerships program, Tyson will initially be focused on accelerating acceptance of Splitits offering in Australia, before expanding into new markets throughout the region. Tyson has extensive experience in the payments and technology sectors in both sales and advertising, including leadership roles at PayPal, Braintree (a PayPal company), Vodafone and News Corp Limited. He has built businesses in Australia and across the Asia-Pacific region from bases in Sydney and Singapore. He was most recently Head of Growth at payments so
(2) Will round out QAD s Integrated Supplier Management portfolio, offering best-in-class capabilities to help Procurement Organizations improve profitability QAD Inc. (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.
The acquisition, which is expected to close by the end of 2020, will not have an immediate, material impact on QAD s financial results. The acquisition is in line with QAD s strategy of acquiring quality products with limited market reach and leveraging QAD s global footprint. The acquisition will support QAD s cloud growth within its existing customer base and strengthen its overall product offering.