Wednesday, January 6, 2021

QAD Completes Allocation Network GmbH Acquisition

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.

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