Contact Information: Investor Contact: Tony Rossi Financial Relations Board for Selectica 310-854-8317 Media Contact: Sam Diamond Diamond Publications 520-575-2787
Selectica and Skytide Sign Go-To-Market Partnership
Partnership Will Launch a New Generation of Contract Analytics That Delivers Hard ROI to Contract Management Investments
| Source: Selectica
SAN JOSE, CA--(Marketwire - August 30, 2007) - Selectica,
Inc. (NASDAQ : SLTC ), a leading provider of enterprise contract
lifecycle management (CLM) solutions, and Skytide, a leading provider of
next-generation analytical solutions, today announced that they have signed
a go-to-market partnership agreement. Under terms of the agreement the two
companies will work together to launch a new era of XML-based contract
analytics that delivers fast, easy, cost-effective, and multidimensional
access to both quantitative and qualitative data locked within corporate
contracts.
"Until now, accessing and analyzing contract data has been limited by rigid
CLM architectures and equally inflexible transaction-driven analytics
solutions," said Chris Davis, vice president of business development at
Skytide. "But by leveraging XML, an unprecedented degree of adaptability --
in terms of both analytics and contract management -- can be achieved."
Conventional contract management software reports look only at metrics
based on counts and sums, such as how many contracts were signed with a
given company, or the total dollar value for contracts of a given type.
This data may be useful in some scenarios, but it cannot reveal the
qualitative power of contract information. With the Selectica/Skytide
approach to analytics, however, this qualitative information can be easily
derived so that true contract risks and values can be determined. As a
result, the technology can be utilized to obtain essential insights
regarding ways of using contracts to boost revenues and reduce leakage. In
turn, this information will enable accurate calculations of hard ROIs for
contract management investments.
"Selectica's customer-centric focus drives us to develop solutions, create
relationships, and establish partnerships that enable us to address
continuously evolving CLM requirements," said Jason Stern, Vice President
of Products at Selectica. "Through our partnership with Skytide, customers
will be able to have analytics their way. For the first time, it will be
possible to derive and analyze the true value of a contract by slicing and
dicing information in real time, across all hierarchical elements in all
contracts in the CLM repository, and outputting information to virtually
any presentation application, from spreadsheets to report generators."
About Skytide
Skytide is a leading provider of next-generation analytical solutions that
deliver an unprecedented view into what is driving business performance.
Skytide's award-winning technology uses XML as a common layer to
dramatically reduce system complexity while offering advanced functionality
that cannot be achieved by traditional BI technology. Application areas
for Skytide technology include network services, contact centers, and other
areas of business that generate significant volumes of mission-critical
unstructured and semi-structured data. Skytide partners include IBM, Sun
Microsystems and Inxight. Based in San Mateo, Calif., Skytide is a
privately held company funded by Granite Ventures and El Dorado Ventures.
For more information about Skytide, please visit www.skytide.com.
About Selectica, Inc.
Selectica, Inc. (NASDAQ : SLTC )
provides its customers with software solutions that automate the
complexities of enterprise contract management and sales configuration
lifecycles. The company's high-performance solutions underlie and unify
critical business functions including sourcing, procurement, governance,
sales and revenue recognition. Selectica has been providing innovative,
enterprise-class solutions for the world's largest companies for over 10
years and has generated substantial savings for its customers. Selectica
customers represent leaders in manufacturing, technology, retail,
healthcare and telecommunications, including: ABB, Ace Hardware, Bell
Canada, Cisco, Covad Communications, General Electric, Fireman's Fund
Insurance Company, Hitachi, International Paper, Juniper Networks, Levi
Strauss & Co., Rockwell Automation, Tellabs, and 7-Eleven. Selectica is
headquartered in San Jose, CA. For more information, visit the company's
Web site at www.selectica.com.