QAD Inc. acquired Verifract, LLC on February 1, 2023. Barclays Capital Markets, LLC acted as financial advisor to Verifract, LLC and Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisor to Verifract, LLC. Kirkland & Ellis LLP acted as legal advisor to QAD Inc.

QAD Inc. completed the acquisition of Verifract, LLC on February 1, 2023.