SOURCE: Selectica

Selectica

February 18, 2015 16:00 ET

Selectica/IASTA Named a Visionary in Gartner Magic Quadrant for Strategic Sourcing Application Suite

SAN MATEO, CA--(Marketwired - Feb 18, 2015) -  Selectica, Inc. (NASDAQ: SLTC), a leading provider of contract management, supply management, and configuration solutions, has been acknowledged as a Visionary in the latest Magic Quadrant for Strategic Sourcing Application, published by Gartner, February 2015.

This year, Gartner adjusted the criteria to focus on vendors with global enterprise capabilities, which resulted in several vendors being dropped from the Magic Quadrant. Selectica Chief Strategy Officer Patrick Stakenas commented, "We are proud to be recognized by Gartner as a Visionary in the latest report; we are well underway with the integration of IASTA technology and have completed the operational integration effort." Since Selectica and IASTA united seven months ago, the two pioneers in enterprise technology have worked hard to develop and combine best-of-breed enterprise solutions to offer its customers.

A Visionary must be aware of current and future market and technology trends, customer needs, and competitive forces. Ultimately, they should demonstrate their understanding and deliver on the vision. "By integrating contract management with supply management we provide visibility into previously unseen information," Patrick Stakenas continued, "enabling clients to holistically view their processes, proprietary data, and business agreements to discern unidentified opportunities. Our focus now is to deliver solutions that drive collaboration and intelligence to the whole enterprise."

"The value we bring to the market from our newly expanded company is significant," said President and CEO Blaine Mathieu. "We believe our business is about more than just generating revenue, it's about leveraging our skilled team and robust product suite to grow and deepen our customer relationships to deliver more for our customers."

Blaine Mathieu adds, "Selectica has demonstrated solid billings, with significant deferred and recurring revenue growth. 3Q FY 2015 was our second consecutive quarter of billings growth.  We are on track to see our investments and efforts rewarded as new products and solutions are scheduled to launch in 2015."

About Selectica, Inc.

Selectica, Inc. (NASDAQ: SLTC), provides a platform for enterprises worldwide to create, manage, and optimize business relationships with contracts at the core. Selectica helps global companies actively manage their contracts throughout the sales, procurement, and legal life cycles. Selectica's contract management solutions drive business value by assisting organizations in managing contracts profitably, effectively accelerating revenue opportunities, and minimizing risk through compliance. Through IASTA, a Selectica company, we provide leading supply management and spend management solutions, dedicated to empowering sourcing and purchasing professionals. Our blend of acclaimed software and services focus on improving spend analysis, procurement intelligence, sourcing, and supplier life cycle management. Our solutions play a critical role in optimizing business relationships by enhancing supply base insights, improving supplier collaboration and reducing the supply chain risks vital to today's globally-minded enterprise. Selectica also provides a powerful configuration engine, enabling Fortune 500 companies to accelerate revenue by facilitating the optimization of the right combination of products, services, and price. For more information visit: www.selectica.com or www.iasta.com.

Contact Information