Webinar Will Offer Assistance to Companies Considering Implementing a Contract Lifecycle Management Solution


SAN JOSE, CA--(Marketwire - June 13, 2007) - The Contract Management Knowledge Center (CMKC), a clearinghouse of customer-centric, vendor-agnostic information and tools pertaining to contract management, today announced that on June 20, 2007 they will host a Webinar entitled "Five Things You Need to Know and Do Before Selecting a Contract Lifecycle Management Solution." The Webinar will feature presentations by Mickey North-Rizza of AMR Research, James Mead of WageWorks, the leading provider of consumer-driven tax-advantaged spending accounts for healthcare, dependent care, and commuting, and Terry Nicholson, COO of contract management solutions at Selectica (NASDAQ: SLTC).

"Improving operational performance is vital for organizations striving to grow top-line revenue and reduce costs," said AMR Research's North-Rizza in a recent article. "One area of focus is establishing supplier contracts that ensure compliance and control maverick spending."

"At WageWorks we decided that the best way to manage the entire contract process was with a contract lifecycle management solution," said Mead. "We quickly learned that it is important to proceed cautiously when searching for the 'right' solution because, although there are many good choices, not all are appropriate for any given set of business requirements. This means that any solution search should begin with a clear statement of business objectives."

"There are a wide a variety of technologies available that may be called upon to fulfill contract management requirements," said Terry Nicholson, COO of contract management solutions at Selectica. "It is important to understand these alternatives in order to ensure that when a technology selection is made, it represents the right choice for you."

This one hour webinar will begin at 1:00 p.m. EDT and will include a live Q&A session. Those wishing to participate in the webinar can register at www.contractknowledge.com/buyersguide. Event registration is free.

About WageWorks

WageWorks, Inc. is the leading provider of consumer-driven tax-advantaged spending accounts for health and dependent care, and commuting. WageWorks is the only company to deliver a completely integrated spending account solution. It offers products on a single platform with built-in debit cards for health care and convenient account management tools such as electronic-bill payment, cash reimbursement and transit pass home delivery services. Consolidated account management allows for maximum flexibility and reduced administration, while increasing plan participation and value for employees. WageWorks is headquartered in San Mateo, California, with offices in Chicago, Mequon, WI, New York, Phoenix, Troy, Michigan and Washington, D.C.

About the Contract Management Knowledge Center

The Contract Management Knowledge Center (CMKC) is a repository of vendor agnostic information and tools that help companies optimize their contract lifecycle processes and CLM investments. Offering the Contract Minds blog, executive briefings, product evaluation tools, white papers, analyst research, and the CMKC quarterly newsletter, the CMKC is currently sponsored by Selectica, Inc. (NASDAQ: SLTC). For more information, visit www.contractknowledge.com.

Contact Information: Investor Contact: Tony Rossi Financial Relations Board for Selectica 310-854-8317 Media Contact: Sam Diamond Diamond Publications 520-575-2787