QAD Buys FBO Systems

Carpinteria-based QAD has acquired FBO Systems, a provider of enterprise asset management software and professional services, the firm said Monday afternoon. The deal is worth approximately $4M in cash. Georgia-based FBO Systems develops software for single and multi-site manufacturing companies, used for operations management. QAD has renamed the firm's software to QAD Enterprise Asset Management. The two companies have been partners since 1994. QAD is a provider of software for MRP and other operations management.