SAN JOSE, CA--(Marketwire - September 13, 2007) -
Selectica,
Inc. (
NASDAQ:
SLTC), a leading provider of enterprise contract
lifecycle management (CLM) solutions, today announced that the company has
extended its penetration of existing markets, penetrated new ones, and is
enabling a growing number of companies to quickly and cost-effectively
achieve the benefits of contract management software. Industries where
Selectica has increased penetration include high technology and healthcare,
traditionally strong markets for the company. In addition, new customers
have been added in consumer products and business process outsourcing.
During 2007, notable customer additions include:
-- A leading global telecommunications equipment manufacturer
-- One of the world's largest providers of cellular handsets
-- One of the country's largest healthcare providers
-- A leading beverage manufacturer and distributor
-- A global provider of business processing outsourcing services
According to a recent Forrester report on the contract lifecycle management
market almost 2000 companies have already purchased contract management
solutions and this number is expected to more than double by 2011. With a
highly adaptable underlying technology and an unprecedented choice of
delivery options, Selectica is working to capture an increasing percentage
of this growth.
"Contract management is really a horizontal technology that can deliver
significant benefits to virtually every industry," said Terry Nicholson,
Vice President and General Manager of Contract Lifecycle Management
Solutions at Selectica. "Traditionally, certain industries like high tech
and healthcare have favored the Selectica contract management solution.
However, our ability to provide end-users with an easily adaptable solution
to meet their needs -- without costly custom programming -- is attracting a
diverse set of customers to the Selectica Contract Performance Management
Solution and enabling us to consistently penetrate new markets."
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.
Forward-Looking Statements
The statements contained in this release that are not purely historical are
forward-looking statements within the meaning of Section 21E of the
Securities and Exchange Act of 1934, including statements regarding
Selectica's and its customers' expectations, beliefs, hopes, intentions or
strategies regarding the future and expectations regarding performance
improvements or increases in sales attributable to Selectica's existing and
new products. All forward-looking statements included in this release are
based upon information available to Selectica as of the date hereof, and
Selectica assumes no obligation to update any such forward-looking
statement. Actual results could differ materially from current
expectations. Factors that could cause or contribute to such differences
include, but are not limited to, (i) market and customer acceptance of new
products of Selectica, including the on-demand contract management and
sales execution products and the applications developed with business
partners, (ii) the success of the ongoing restructuring of Selectica's
operations, (iii) the conclusions resulting from the independent review of
the Company's past stock option granting practices, (iv) the Company's
inability to file periodic reports in accordance with the Securities
Exchange Act of 1934, (v) the inability of the Company to avoid delisting
from The Nasdaq Stock Market due to non-compliance with Marketplace rules,
(vi) potential regulatory inquiries and litigation relating to the review
of past stock granting practices and any related restatement of the
Company's financial statements and (vii) other factors and risks discussed
in Selectica's Annual Report on Form 10-K for the fiscal year ended March
31, 2006 and in other reports filed by Selectica with the Securities and
Exchange Commission.
Contact Information: Investor Contact:
Tony Rossi
Financial Relations Board for Selectica
213-486-6545
Media Contact:
Sam Diamond
Diamond Publications
520-575-2787