QAD (QADA) announced that its stockholders approved its agreement to be acquired by Thoma Bravo for $87.50 per share in cash. The acquisition is expected to close in short order and shares of QAD will be de-listed.
Read MoreQAD (QADA) reported fiscal Q2 ’22 results above our estimates. Total revenue of $84.8 million (+14.5% Y/Y) was ahead of our $83.1 million projection as license, maintenance and professional services revenue all surpassed our forecasts.
Read MoreQAD 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) reported fiscal Q1 ’22 results ahead of our estimates and consensus. The strong performance was highlighted by a substantial increase in new customer wins and the highest Q1 bookings ever.
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.
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