SAN JOSE, CA--(Marketwire - February 28, 2008) -
Selectica,
Inc. (
NASDAQ:
SLTC), a leading provider of enterprise contract
lifecycle management (CLM) solutions, today announced that the
company's 300%
growth in its contract management business for the last quarter of 2007
was anchored in the extension and continued expansion of relationships in
several key markets. In the most recent quarter, Selectica initiated and
deepened its relationships with several major healthcare companies,
established a new presence in the government contracting marketplace, and
increased its footprint among high-growth enterprises seeking fast,
cost-effective, and easily scalable and extensible contract management
software implementations.
Selectica's recently added customers include:
-- two major healthcare providers
-- a leading provider of mission critical, advanced technology solutions
and technical services to government contractors
-- a global biotechnology and pharmaceutical company
-- several high growth enterprises in the software and real estate
investment industries, among others
"Selectica's solutions have quickly become the gold standard for companies
and industries that require the most effective, easy-to-use, and
easy-to-configure contract management solutions," said
Robert Jurkowski, Selectica's Chairman and CEO. "Automating the
contract management processes has become increasingly critical for
organizations as they deal with more and more complexity. To take
advantage of this trend and maintain our industry leadership, we continue
to make strategic investments in both product and go-to-market programs
that will allow us to continue to successfully reach customers in our key
markets."
For more information on Selectica's new Contract Management customers visit
the
Selectica Customer Web page.
About Selectica, Inc.
Selectica, Inc. (
NASDAQ:
SLTC)
provides enterprise-class software solutions for sales configuration and
contract lifecycle management. Selectica's contract management software
solutions enable companies to manage critical business functions including
contract administration, sourcing, procurement, governance, sales, revenue
recognition, healthcare, and provide enterprise-wide visibility to key
stakeholders such as General Counsel and executive management. Selectica's
Sales Configuration Solutions simplify and automate the configuration,
pricing, and quoting of complex products and services. For over 10 years,
Selectica has helped its customers generate substantial savings.
Selectica customers represent leaders in manufacturing,
technology, finance, retail, real estate, insurance, healthcare,
semiconductor and telecommunications, including: ABB, ADP, Accenture, Bell
Canada, Cisco, Covad Communications, Fujitsu, General Electric, Fireman's
Fund Insurance Company, Host Hotels, IBM, Juniper Networks, Reliance
Industries, Rockwell Automation, Tellabs, and Walt Disney. Selectica is
headquartered in San Jose, CA. For more information, visit the company's
Web site at
www.selectica.com.
Contact Information: Investor Contact:
Scott Wilson
415-785-7945
Media Contact:
Sam Diamond
Diamond Publications
520-575-2787