SOURCE: Selectica


February 13, 2013 08:00 ET

NBC News Digital to Take Contract Processes to the Cloud With Selectica Contract Lifecycle Management

Company to Use Contract Management Software to Improve Visibility, Reporting

SAN MATEO, CA--(Marketwire - Feb 13, 2013) - Selectica (NASDAQ: SLTC), provider of software that accelerates sales cycles and streamlines contract processes, today announced that NBC News Digital is live on Selectica Contract Lifecycle Management.

Selectica Contract Lifecycle Management combines a centralized contract repository with a flexible workflow engine capable of supporting each organization's unique contract management processes. With Selectica CLM, NBC News Digital will have easy, secure cloud access to their critical documents, particularly their business development and finance contracts. The system will also allow the company to create fast reports on contract information, search across their entire database of contracts through a variety of advanced searching methods, and easily import and export contract information.

"NBC News Digital is a recognizably innovative company, and it's not surprising that their focus on innovation is internal as well as external," said Kamal Ahluwalia, Selectica Chief Strategy Officer. "Using Selectica CLM, they demonstrate that implementing business-building technology is a priority for them, and we're very excited to join them on that journey as they streamline their contract processes."

About Selectica
Selectica (NASDAQ: SLTC) develops innovative software that the world's most successful companies rely on to improve the effectiveness of their sales and contracting processes. Our guided selling, sales configuration, and contract lifecycle management solutions support the Global 2000 and growing mid-size firms in closing billions of dollars' worth of business each year. Our patented technology, delivered through the cloud, makes it easy for customers in industries like high-tech, telecommunications, manufacturing, healthcare, financial services, and government contracting to overcome product and channel complexity, increase deal value, and accelerate time to revenue.

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About NBC News Digital
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and visually engaging stories on your platform of choice. NBC News Digital features world-class brands including,,,,,, Nightly News, Meet the Press, Rock Center, Dateline, Newsvine, EveryBlock, Breaking News, and the existing apps and digital extensions of these respective properties. We provide something for every news consumer with our comprehensive offerings that deliver the best in breaking news, segments from your favorite NBC News shows, live video coverage, original journalism, lifestyle features, commentary and local updates. 

Forward-Looking Statements
Certain statements in this release and elsewhere by Selectica are forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements regarding business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward-looking statements include, but are not limited to the on-going global recession; fluctuations in demand for Selectica's products and services; government policies and regulations, including, but not limited to those affecting the company's industry; and risks related to the company's past stock granting policies and related restatement of financial statements. Selectica undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Additional risk factors concerning the company can be found in the company's most recent Form 10-K, filed by the company with the Securities and Exchange Commission.