Kellogg Chooses Selectica for Enterprise Contract Lifecycle Management Solutions

SAN MATEO, CA--(Marketwired - May 4, 2015) - Selectica, Inc. (NASDAQ: SLTC), a leading provider of contract management, supply management -- from source to pay, and configuration solutions, announced that it will be working with Kellogg, one of the world's leading consumer packaged goods companies. Kellogg has chosen Selectica SmartContract® to automate its contract lifecycle processes enterprise-wide and ensure visibility into contract milestones. 

In order to manage myriad of contracts with vendors both regional and global, Kellogg picked SmartContract® for its powerful features. After a lengthy evaluation period, Kellogg concluded that Selectica contract lifecycle management offered the most configurable solution available.

"Some of the key features important to us included the Clause Library and the workflow tools," said Dan O'Connor, Kellogg Corporate Counsel "We look forward to using more uniform templates and streamlined tracking processes to shorten contract cycle time and improve vendor relationships."

With SmartContract®, Kellogg will be able to set unique and secure approval cycles for different types of contracts across geographies and standardize templates for their variety of NDA and procurement contract types. The technology allows for productive collaboration enterprise-wide, whether between internal departments or with international vendors.

"We are excited to get Kellogg up and running on SmartContracts®," says David Bush, Chief Sales Officer at Selectica. "This level of contract visibility will provide valuable insight that can help in making profitable decisions. Being awarded for our solution by such a prestigious global brand is a significant achievement for our organization. We look forward to delivering on the high standards that Kellogg expects from us. "

Supporting Resources
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About Kellogg Company
At Kellogg Company (NYSE: K), we are driven to enrich and delight the world through foods and brands that matter. With 2014 sales of $14.6 billion and more than 1,600 foods, Kellogg is the world's leading cereal company; second largest producer of cookies, crackers and savory snacks; and a leading North American frozen foods company. Our brands -- Kellogg's®, Keebler®, Special K®, Pringles®, Kellogg's Frosted Flakes®, Pop-Tarts®, Kellogg's Corn Flakes®, Rice Krispies®, Cheez-It®, Eggo®, Mini-Wheats® and more -- nourish families so they can flourish and thrive. Through our Breakfasts for Better Days™ initiative, we're providing 1 billion servings of cereal and snacks -- more than half of which are breakfasts -- to children and families in need around the world by the end of 2016. To learn more, visit www.kelloggcompany.com or follow us on Twitter @KelloggCompany, YouTube and on Social K.

About Selectica, Inc.

Selectica, Inc. - IASTA, Inc. (NASDAQ: SLTC) is a leading provider of enterprise contract management, supply management, and configuration solutions. Since 1996, Selectica has helped global companies actively manage their contracts throughout the sales, procurement, and legal life cycle. Selectica's contract lifecycle management, strategic sourcing, and purchasing solutions drive business value by assisting organizations in managing contracts profitably, effectively accelerating revenue opportunities, and minimizing risk through compliance. Our patented technology assists customers across a myriad of industries including high-tech, telecommunications, manufacturing, healthcare, and financial services to accelerate and streamline contract management, sales processes, spend analysis, procurement intelligence, sourcing, and supplier lifecycle management. Selectica also provides a powerful configuration engine, which Fortune 500 companies use to accelerate revenue by facilitating the right combination of products, services, and price.

For more information, please visit: www.selectica.com and www.iasta.com.