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QAD Loses CFO

Santa Barbara-based QAD Inc. said Thursday that the firm's CFO, Daniel Lender, has resigned. According to QAD, Lender resigned to "pursue a new business opportunity." No details on Lender's new role was given. QAD said the firm has begun a search for Lender's replacement. QAD said that Lender's resignation is effective September 12th. QAD is a developer of manufacturing and supply chain management software applications.