SOURCE: Selectica

Selectica

December 05, 2013 18:09 ET

Selectica Names Blaine Mathieu President and CEO

Experienced Enterprise Software Executive to Lead Selectica Into Next Phase of Growth

SAN MATEO, CA--(Marketwired - Dec 5, 2013) -  Selectica, Inc. (NASDAQ: SLTC), provider of software that accelerates sales cycles and streamlines contract processes, today announced that its Board of Directors has appointed Blaine Mathieu as President, CEO and member of the Company's Board of Directors, effective immediately.

"Blaine's long, varied, and successful experience in the enterprise and SaaS software space, reflects precisely the key set of skills we were seeking during our search for a CEO," said Michael Brodsky, who will turn over his current duties as Interim CEO and serve as Executive Chairman. "He not only has a track record of envisioning winning products and market strategies, but his deep operational experience across virtually all functions of a B2B software business will ensure Selectica can powerfully execute on its vision. I am excited to have Blaine spearhead the Company's new management team, as we deliver on our mission to improve the effectiveness of our customers' sales and contracting processes while simultaneously embracing a customer-first philosophy."

Since founding his first enterprise software company while still in his teens, Mathieu brings to Selectica more than 25 years of management experience in sales and marketing, product, operations, business development and acquisitions. Formerly, he was chief products officer at Mindjet, where he led go-to-market and product planning for the company's transition to a Software-as-a-Service (SaaS) business model. Prior to Mindjet, he served as chief marketing officer at Lyris, an innovative provider of SaaS, integrated marketing automation solutions.

"Selectica's powerful core technologies position it well to seize the massive opportunities in the growing configure price quote (CPQ) and contract lifecycle management (CLM) spaces," said Mathieu. "I look forward to working with both the management team and our customers in applying industry best-practices to ensure that both Selectica, and our clients, realize their full potential."

Prior to Lyris, Mathieu was general manager for digital media at Corel Corporation and, previously, he worked in research and planning at Adobe Systems and as a senior analyst at Gartner. Mathieu holds an M.B.A. degree in Strategy from Athabasca University in Canada and a Bachelor of Commerce degree in Marketing from the University of Alberta.

About Selectica, Inc.
Selectica, Inc. (NASDAQ: SLTC) develops innovative software that the world's most successful companies rely on to improve the effectiveness of their sales and contracting processes. Our guided selling, sales configuration, and contract lifecycle management solutions support the Global 2000 and growing mid-size firms in closing billions of dollars' worth of business each year. Our patented technology, delivered through the cloud, makes it easy for customers in industries like high-tech, telecommunications, manufacturing, healthcare, financial services, and government contracting to overcome product and channel complexity, increase deal value, and accelerate time to revenue.

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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, 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 the on-going global recession; fluctuations in demand for Selectica's products and services; 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, as supplemented in the company's most recent Form 10-Q, each as filed by the company with the Securities and Exchange Commission.