December 2, 2022
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QAD to pay $2.45M in legal fees from dispute over acquisition

By   /  Thursday, June 2nd, 2022  /  Latest news, Regions, Santa Barbara County, Technology, Top Stories  /  Comments Off on 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 →

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QAD plans to sell headquarters as workforce goes ‘virtual-first’

By   /  Tuesday, May 10th, 2022  /  Latest news, middle, Real Estate, Regions, Santa Barbara County, Subscriber content, Technology, Top Stories  /  Comments Off on 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’

By   /  Tuesday, November 2nd, 2021  /  Banking & Finance, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →