SOURCE: Selectica

Selectica

October 08, 2015 09:00 ET

Selectica, Inc. Names John K. Nolan Chief Financial Officer

SAN MATEO, CA--(Marketwired - Oct 8, 2015) - Selectica, Inc. (NASDAQ: SLTC), a global provider of SaaS enterprise contract lifecycle management, supply management, strategic sourcing, and purchase-to-pay solutions, including Enterprise Contract Lifecycle Management, eSourcing, eProcurement, spend analysis, and purchase-to-pay software, announced a change to the executive team. The Board of Directors has appointed John K. Nolan as Chief Financial Officer. Mr. Nolan has served in financial leadership positions for both public and privately held technology and services companies for over 20 years. He was most recently President of the government contractor Quadel Consulting. Prior to Quadel Consulting, Mr. Nolan held executive financial positions at MCI Communications, including Vice President of Corporate Finance.

"John has a proven track record of finding ways to invest in innovation and managing to profitability. In addition, he has deep experience in modeling customer lifetime value and profitability, and recommending actions that could extend and improve both. John's ability to be a business partner combined with the finance viewpoint is just what we need as we evolve Selectica's management team," said Patrick Stakenas, President and Chief Executive Officer at Selectica. "His years of experience in high growth subscription businesses and his experience in successfully integrating merged companies will add significant and immediate value to Selectica."

"Selectica is at an exciting point in its corporate life," said Mr. Nolan. "With the acquisitions and integration of Iasta and b-pack, Selectica has built an industry leading, full-suite competitor in the source-to-pay market. Selectica is well positioned in this growing market, and I am very much looking forward to contributing to their continued success."

As part of the transition, Todd Spartz has resigned as Chief Financial Officer of the Company. "We thank Todd for his dedication to Selectica over the last 6 years and wish him the best for all his future endeavors," said Michael Brodsky, Executive Chairman at Selectica.

John K. Nolan's Biography:

Mr. Nolan has held finance leadership positions at public and private technology and service companies for over 20 years. At Quadel Consulting, a privately owned government contractor, Mr. Nolan was initially hired as Chief Financial Officer before being promoted first to Chief Operating Officer in 2011 and then to President in 2013. At Quadel Consulting, he led the launch of a first of its kind software as a service product to help improve employee quality and performance. Prior to Quadel Consulting, Mr. Nolan was Vice President of Corporate Finance for MCI Communications, where he oversaw the integration of merged companies to ensure that performance goals were met and all technology spending. At MCI Communications, he also created numerous processes for measuring the customer life and value of the company's services offerings. Mr. Nolan started his career as a cost accountant for the mainframe division of IBM.

Mr. Nolan has a Master of Business Administration in Finance from the University of Texas at Austin and a Bachelor of Science degree in Management from Tulane University. He also earned his CPA license in Virginia. In addition, Mr. Nolan serves on the board of So Others Might Eat, a poverty services non-profit, and Imagination Stage, a performing arts organization for children, both of which are based in the Washington, D.C. metropolitan area.

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About Selectica, Inc.
Selectica, Inc. (NASDAQ: SLTC) is a global provider of SaaS enterprise contract lifecycle management, supply management, strategic sourcing, and purchase-to-pay solutions. As a recognized leader in the industry, Selectica provides deep innovative capabilities in Enterprise Contract Management, eProcurement, eSourcing, Spend and Procurement Analysis, Supplier Information Management, Invoicing, and Catalog Management. Since 1996, Selectica has helped global companies actively manage their contracts throughout the sales, procurement, and legal life cycle. Selectica's contract lifecycle management, supply management, strategic sourcing, and purchase-to-pay software solutions drive critical operational business value that effectively accelerate revenue opportunities and minimize risk through compliance. A recognized leader in the industry, our patented technology assists customers across a myriad of industries -- including high-tech, telecommunications, manufacturing, healthcare, and financial services. Selectica also provides a powerful configuration engine, which Fortune 500 companies use to increase revenue by facilitating the right combination of products, services, and price. For more information, please visit: 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 statements may include, without limitation, statements regarding business outlook, assessment of market conditions, anticipated financial and operating results, strategies, product and channel development, 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, risks of losing key personnel or customers, protection of the company's intellectual property and government policies and regulations, including, but not limited to those affecting the company's industry. 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 as filed by the company with the Securities and Exchange Commission.

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