SOURCE: Selectica

June 07, 2007 14:12 ET

Selectica Provides Contract Performance Management for ON Semiconductor to Optimize Use of Its Growing Contract Repository

SAN JOSE, CA--(Marketwire - June 7, 2007) - Selectica (NASDAQ: SLTC), a leading provider of enterprise contract lifecycle management (CLM) solutions, today announced implementation of the first phase of Selectica's Contract Performance Management (CPM) tool for ON Semiconductor, a leading global supplier of advanced power semiconductor solutions, has been completed. Final roll-out of the full implementation, which will include conversion of a legacy repository of 2,500 contracts to searchable PDFs, is expected to be completed by early summer 2007.

"As ON Semiconductor continues to grow and expand, the volume and complexity of our contracts has increased to the point where we needed a way to optimize their value by more effectively managing the information they contain," said Jon Goldberg, director of corporate services procurement at ON Semiconductor. "With Selectica CPM, we can achieve that objective enterprise-wide and deliver the accurate and timely data required to effectively manage day-to-day business operations."

The CPM solution from Selectica provides ON Semiconductor the adaptability and security of an onsite, behind-the-firewall implementation, with no additional IT infrastructure or overhead. Other key differentiators include the ability to support any contract template for any buy or sell-side relationship, and an alert system to automatically notify when significant events such as contract renewals occur. In addition, the solution features a granular rights-based security system that lets ON Semiconductor closely control and monitor access privileges for each user. The solution also allows the company to use a fax machine to convert paper-based contracts to searchable PDF files.

"ON Semiconductor's CLM (Contract Lifecycle Management) selection process was detailed and comprehensive, and we are proud to have been chosen from multiple vendors who received their original RFP," said Terry Nicholson, COO of contract management solutions at Selectica.

About ON Semiconductor

With its global logistics network and strong portfolio of power semiconductor devices, ON Semiconductor (NASDAQ: ONNN) is a preferred supplier of power solutions to engineers, purchasing professionals, distributors and contract manufacturers in the power supply, computer, consumer, portable/wireless, automotive and industrial markets. The company's product portfolio has over 24,000 devices that it sells to 250 direct customers and to a distribution channel that serves over 10,000 customers and ships over 30 billion units per year. For more information, please visit ON Semiconductor's website at http://www.onsemi.com.

About Selectica, Inc.

Selectica (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.

Contact Information

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    Financial Relations Board for Selectica
    310-854-8317
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    Diamond Publications
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