San Jose, Calif. –September 13, 2007– Selectica, Inc. (NASDAQ: SLTC), a leading provider of enterprise contract lifecycle management (CLM) solutions, today announced that the company has extended its penetration of existing markets, penetrated new ones, and is enabling a growing number of companies to quickly and cost-effectively achieve the benefits of contract management software. Industries where Selectica has increased penetration include high technology and healthcare, traditionally strong markets for the company. In addition, new customers have been added in consumer products and business process outsourcing.
During 2007, notable customer additions include:
- A leading global telecommunications equipment manufacturer
- One of the world’s largest providers of cellular handsets
- One of the country’s largest healthcare providers
- A leading beverage manufacturer and distributor
- A global provider of business processing outsourcing services
According to a recent Forrester report on the contract lifecycle management market almost 2000 companies have already purchased contract management solutions and this number is expected to more than double by 2011. With a highly adaptable underlying technology and an unprecedented choice of delivery options, Selectica is working to capture an increasing percentage of this growth.
“Contract management is really a horizontal technology that can deliver significant benefits to virtually every industry,” said Terry Nicholson, Vice President and General Manager of Contract Lifecycle Management Solutions at Selectica. “Traditionally, certain industries like high tech and healthcare have favored the Selectica contract management solution. However, our ability to provide end-users with an easily adaptable solution to meet their needs – without costly custom programming – is attracting a diverse set of customers to the Selectica Contract Performance Management Solution and enabling us to consistently penetrate new markets.”
About Selectica, Inc.
Selectica, Inc. (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. |