Contact Information: Investor Contact: Scott Wilson 415-785-7945 ir@selectica.com Media Contact: Tom Woolf 415-259-5638 pr@selectica.com
Selectica Announces Restructuring and Management Changes
| Source: Selectica
SAN JOSE, CA--(Marketwire - July 1, 2008) - Selectica (NASDAQ : SLTC ), a provider of
enterprise contract lifecycle management and sales configuration solutions,
today announced a restructuring designed to streamline operations, improve
efficiency, and better align expenses with revenues. In conjunction with
the restructuring, after leading Selectica through an important transition
including completion of the review of the company's stock option grant
process and resolution of patent infringement litigation, Robert Jurkowski
has resigned as Chairman and CEO and will no longer serve as a member of
Selectica's board of directors.
Effective immediately, Selectica board members James Thanos and Brenda
Zawatski will serve as Co-Chairs of the board and will be actively involved
in the company's business until a successor CEO is named. The company also
announced that Steven Goldner, formerly the company's vice president of
engineering, has rejoined Selectica to lead the sales configuration
solutions business. Concurrent with Mr. Goldner's appointment, Michael
Shaw, formerly vice president and GM of the sales configuration solutions
business, has left Selectica.
Selectica's board is currently conducting an extensive review of the
company's business and expects to provide additional details of the
restructuring plan and an updated financial outlook for the company's
current fiscal year 2009 in its next quarterly earnings report.
Biographies
James Thanos has served as a director of Selectica since September 2007.
He has more than 20 years' experience in senior management positions with
enterprise software companies. Since June 2002, Mr. Thanos has served on
advisory boards and has provided consulting services to a variety of
companies. From June 2000 to June 2002, Mr. Thanos served as EVP and GM,
worldwide field operations of BroadVision, Inc., an enterprise software
company. Previously, Mr. Thanos held VP positions with various companies
including Aurum Software, Harvest Software, Metaphor, Inc., Informix and
Dun & Bradstreet Software. Mr. Thanos also serves on the boards of
directors of SupportSoft, Inc., ClickSoftware, Inc. and Corticon
Technologies. Mr. Thanos holds a B.A. in behavioral sciences from the Johns
Hopkins University.
Brenda Zawatski has served as a director of Selectica since November 2005.
She has more than 15 years' experience in senior management positions with
leading technology companies. Since July 2007, Ms. Zawatski has been
providing consulting services to various companies. From January 2006 to
July 2007, Ms. Zawatski served as the VP of sales and marketing for Pillar
Data Systems. From January 2005 to January 2006, Ms. Zawatski was the VP of
sales and GM of information lifecycle management solutions at StorageTek.
From August 2002 to January 2005, Ms. Zawatski served as VP of product and
solutions marketing for VERITAS Software. From March 1982 to August 2002,
Ms. Zawatski held significant roles at IBM as VP, Tivoli Storage Software;
VP, Removable Media Storage Solutions; and director of S/390 enterprise
systems. Ms. Zawatski holds a B.S. in Accounting and Computer Science from
Penn State University.
Steven Goldner has more than 30 years of engineering experience. Prior to
originally joining Selectica in September 2006, Mr. Goldner was VP,
engineering and operations for Active Decisions, Inc., a leading provider
of guided selling applications that was acquired in September 2006 by Knova
Software, Inc., where he was responsible for development, QA, IT and data
center operations. Mr. Goldner has also held senior engineering positions
at Cascadeworks, i2 Technologies, Supplybase, Diffusion, Worldtalk
Corporation, and Sun Microsystems. Mr. Goldner has a Master of Engineering
degree in Electrical Engineering and a B.S. in Electrical and Computer
Engineering from the University of Michigan.
About Selectica, Inc.
Selectica (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, 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.
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
information includes, without limitation, 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 fluctuations in demand for Selectica's products and
services; changes to economic growth in the U.S. economy; 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, and other reports filed by the Company
with the Securities and Exchange Commission.