Enterprise applications: QAD grabs data management capabilities with FullTilt acquisition
By Manufacturing Business Technology Staff -- Manufacturing Business Technology, 4/23/2008 2:07:00 PM
QAD Inc., a provider of enterprise software and services for global manufacturers, has entered 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.
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, FullTilt co-founder and president, will lead the PIM Product Unit within QAD and brings with him key employees of FullTilt.
PIM and MDM solutions help companies create a "single view" of a product across the enterprise by separately managing all data, processes, and trading relationships—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.
"We are very pleased to welcome Bob Moyer and his team to QAD," says Pamela Lopker, founder and president of QAD. "We believe that FullTilt's products represent the state of the art in the PIM and MDM market, and the addition of Perfect Product Suite to our portfolio will allow QAD to deliver a complete solution to customers in this important area. We see these capabilities as critical in furthering our Vision for the Perfect Lean Market."
