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Note 17 - Subsequent Event
12 Months Ended
Jan. 31, 2021
Notes to Financial Statements  
Subsequent Events [Text Block]

17. SUBSEQUENT EVENT

 

On April 5, 2021, QAD acquired Foreign-Trade Zone Corporation (FTZ Corp.), a leading provider of cloud-based Foreign-Trade Zone software and consulting services based in Mobile, Alabama, for up to $18 million in cash.  The purchase price includes an upfront payment of $13 million; a sellers’ note of $2.4 million payable over four years; and a performance earn-out based on FTZ Corp.’s cloud bookings growth over the next three years.