University of California buys hilltop QAD property for more than $100M
The former headquarters of software firm QAD in the Santa Barbara area has been sold for an estimated $104 million to the University of California, according to a deed filed with Santa Barbara County Clerk-Recorder on June 24. Kiki Reyes, the media relations manager at UC Santa Barbara, confirmed to the Business Times on June Read More →
QAD to pay $2.45M in legal fees from dispute over acquisition
Santa Barbara-based QAD announced June 2 it will pay out $2.45 million in legal fees to shareholders who sued to stop the company’s acquisition by Thoma Bravo in 2021. QAD, which provides cloud software for the manufacturing industry, was purchased last year by the private equity firm Thoma Bravo in a transaction worth $2 billion. Read More →
Dubroff: QAD isn’t the only company embracing a work-from-home future
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QAD plans to sell headquarters as workforce goes ‘virtual-first’
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QAD shareholders approve acquisition by Thoma Bravo; deal expected to close in ‘coming days’
In a special meeting on Nov. 2, shareholders of QAD approved the Santa Barbara-based software company’s pending acquisition by Thoma Bravo, a deal QAD said should close “within the coming days.” The private equity firm is buying QAD in a $2 billion all-cash deal announced by the companies on June 28. When the transaction closes, Read More →
QAD stock rises after earnings beat
QAD, a Santa Barbara-based cloud software company for the manufacturing industry, beat analysts’ expectations with its earning for the first quarter of its 2021-22 fiscal year on May 26. QAD’s net income for the quarter was $1.8 million, or 7 cents per share, compared to a loss of $410,000 in the same quarter a year Read More →
QAD shares climb 7% after earnings report
QAD, a cloud software company for the manufacturing industry, saw accelerated growth from its subscription services in the final quarter of the fiscal year, providing a bit of a bounce back for the Santa Barbara company. QAD generated revenue worth $83 million in the final quarter of the fiscal year, which ended Jan. 31. That Read More →
