SOURCE: b-pack Inc.

b-pack inc.

March 30, 2015 11:54 ET

b-pack Enters a Definitive Agreement to Merge With Selectica

ATLANTA, GA--(Marketwired - March 30, 2015) - b-pack, Atlanta-based leading provider of Procure-to-Pay technology, announced today it has reached a definitive agreement to merge with Selectica, Inc. (NASDAQ: SLTC), a global leader in contract lifecycle management (CLM), strategic sourcing and spend analytics via its recent acquisition of Iasta.

"This is a great opportunity to build a global industry leader by combining our different solutions in the cloud and extending our capabilities to serve our clients in many countries. We expect to bring a lot of value to the market by sharing very strong business and technology expertise and to consolidate our long term strategy with our 350+ customers," said Julien Nadaud, CEO and founder of b-pack. "We have been looking for the right partner to quickly move b-pack to the next level, and Selectica has proved to be the perfect choice."

Selectica's merger with b-pack will further its mission of being the world's leading supply management products for the enterprise integrated with contract lifecycle management at the core -- enable companies and our clients to holistically manage compliance, governance and risk throughout the enterprise organization.

"I am excited about the opportunity to merge the industry leader b-pack, extending our product portfolio; enhancing our global market presence -- particularly in mainland Europe where b-pack has a strong market presence; and expanding the strong team of professionals we have working to serve our clients," said Blaine Mathieu, President and CEO of Selectica. "It has long been our goal to enhance our enterprise CLM and supply management applications to include best in class downstream procurement and achieve a true source-to-pay solution. With b-pack joining the Selectica family, this objective has been achieved."

Details Regarding the Proposed b-pack and Selectica Merger

Investor Call Details

Selectica will be holding a call at 9:30 am (PDT) / 12:30 pm (EDT) on Monday, March 30, 2015 to discuss this acquisition in more detail and answer questions. To access the call, please use the numbers below:

Live Participant Conference Call Numbers:
Toll-Free:
1-877-407-0789
Toll/International: 1-201-689-8562
Live Webcast Link: http://public.viavid.com/index.php?id=113795

Replay Dial-in Info:
Toll-Free:
1-877-870-5176
Toll/International: 1-858-384-5517
From: 03/30/15 @ 3:30 pm (EDT) To: 04/13/15 @ 11:59 pm (EDT)
Replay Pin Number: 13605685

Supporting Resources
Julien Nadaud blog post
• Blaine Mathieu blog post
• David Bush blog post
• Patrick Stakenas blog post

About b-pack

b-pack is a software and services company specializing in procure-to-pay solutions which include, but are not limited to, strategic sourcing, supplier management, contract management, e-procurement and invoicing/accounting functions. b-pack is a global company with customers in a variety of industries that are using our solutions to automate, optimize, and gain visibility into their spend. b-pack has been innovating and implementing flexible solutions to address organizations' specific spend-management requirements since 2000. With offices in North America and Europe, b-pack has the global reach to meet the spend-management needs of any company. Learn more at: www.b-pack.com.

About Selectica, Inc.

Selectica, Inc. (NASDAQ: SLTC), provides a platform for enterprises worldwide to create, manage, and optimize business relationships with contracts at the core. Selectica helps global companies actively manage their contracts throughout the sales, procurement, and legal life cycles. Selectica's contract management solutions drive business value by assisting organizations in managing contracts profitably, effectively accelerating revenue opportunities, and minimizing risk through compliance. Through IASTA, a Selectica company, we provide leading supply management and spend management solutions, dedicated to empowering sourcing and purchasing professionals. Our blend of acclaimed software and services focus on improving spend analysis, procurement intelligence, sourcing, and supplier life cycle management. Our solutions play a critical role in optimizing business relationships by enhancing supply base insights, improving supplier collaboration and reducing the supply chain risks vital to today's globally-minded enterprise. Selectica also provides a powerful configuration engine, enabling Fortune 500 companies to accelerate revenue by facilitating the optimization of the right combination of products, services, and price. For more information visit: www.selectica.com.

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