QAD Aligns with Progress on the Future of Cognitive Applications
December 07 2017 - 4:00AM
Business Wire
Long-time partner expands strategic
relationship and looks to drive new value to customers through
cognitive predictive maintenance platform, Progress DataRPM
Progress (NASDAQ: PRGS), the leading provider of application
development and deployment technologies, today announced that
long-time partner QAD (NASDAQ: QADA / QADB) is expanding its
relationship with Progress and plans to deliver new value to its
customers with the Progress® DataRPM® platform. DataRPM, acquired
by Progress in March 2017, uses automated machine learning to help
manufacturing and industrial organizations harness the Industrial
IoT, to detect and predict machine failures before they occur,
dramatically reducing downtime and increasing asset operational
efficiency. This solution is a key part of Progress’ strategy for
helping its partners and customers build cognitive
applications.
“Progress’ strategy for cognitive applications is well-aligned
with our vision for the future,” said Carter Lloyds, Chief
Marketing Officer, QAD, Inc. “QAD prides itself on the ability to
offer the best full-featured manufacturing ERP software that
minimizes complexity, simplifies process and provides the agility
and focus our customers require. We see the automated machine
learning capabilities in Progress DataRPM as a significant
opportunity for us to drive new value for our end customers in a
fast, scalable and repeatable solution.”
QAD provides integrated business software for manufacturing
companies and serves customers in more than 100 countries,
including eight out of 10 of the top auto parts manufacturers in
the world. QAD’s strategic agreement with Progress enables
customers looking to take advantage of predictive maintenance and
machine learning to leverage the DataRPM platform to improve their
business.
“QAD has remained successful for nearly 40 years because they
are forward-thinking and highly focused on their customers’ needs,”
said John Ainsworth, SVP, Core Products, Progress. “The expansion
of our strategic partnership will enable QAD to take advantage of
our new cognitive anomaly detection and predictive maintenance
capabilities. The future is cognitive applications, and with
Progress, QAD will be prepared with solutions for its customers
that will enable them to succeed and thrive.”
First announced in January, Progress’ cognitive-first strategy
focuses on providing the technologies to enable customers and
partners to quickly build modern business applications that are
intelligent, adaptive and connected – creating better application
experiences at dramatically lower cost.
For more information on Progress and its strategy for cognitive
applications, please visit www.progress.com
Additional Resources
- Follow Progress on Twitter, Facebook,
LinkedIn and Google+
- Read the Progress blog
About ProgressProgress (NASDAQ: PRGS) offers the leading
platform for developing and deploying mission-critical business
applications. Progress empowers enterprises and ISVs to build and
deliver cognitive-first applications, that harness big data to
derive business insights and competitive advantage. Progress offers
leading technologies for easily building powerful user interfaces
across any type of device, a reliable, scalable and secure backend
platform to deploy modern applications, leading data connectivity
to all sources, and award-winning predictive analytics that brings
the power of machine learning to any organization. Over 1,700
independent software vendors, 100,000 enterprise customers, and two
million developers rely on Progress to power their applications.
Learn about Progress at www.progress.com or
+1-800-477-6473.
Progress and DataRPM are trademarks or registered trademarks of
Progress Software Corporation and/or one of its subsidiaries or
affiliates in the US and other countries. Any other trademarks
contained herein are the property of their respective owners.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171207005137/en/
ProgressKim Baker, +1 888-365-2779pr@progress.com
Progress Software (NASDAQ:PRGS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Progress Software (NASDAQ:PRGS)
Historical Stock Chart
From Apr 2023 to Apr 2024