QAD Inc. (QADA) has agreed to be acquired by private equity firm Thoma Bravo for $87.50 per share of Class A or Class B common stock in cash. The purchase price represents a 20% premium to the last closing price of the Class A shares prior to the announcement of the transaction and equates to an equity value of approximately $2 billion.
Read MoreQAD (QADA) reports fiscal Q1 ’22 results after the market closes on Wednesday, May 26. Similar to the past few quarters, an improving macro backdrop coupled with relatively conservative expectations leave us constructive on shares heading into the print.
Read MoreQAD’s (QADA) fiscal Q4 ’21 results exceeded our estimates and consensus as an unexpected rebound in license sales and a tailwind from currency fluctuations fueled a return to positive top line growth a quarter ahead of our expectations.
Read MoreQAD (QADA) reports fiscal Q4 ’21 results after the market closes on Wednesday, March 24. Our estimates are relatively consistent with consensus, calling for a modest decline in revenue and another quarter of meaningful margin expansion relative to the year-ago period.
Read MoreQAD (QADA) has entered into an agreement to acquire Allocation Network GmbH, a provider of strategic sourcing and supplier management solutions, for €12 million ($15 million) in cash and up to €8 million ($10 million) in earnouts over the next three years.
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