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San Jose, Calif., Bangalore, India, May 16, 2006 – Selectica, Inc. (NASDAQ: SLTC), a leading provider of sales execution and contract management applications, and Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT), today announced a strategic partnership that will leverage the power of Selectica’s advanced configuration and pricing software and the domain expertise of Wipro to help large manufacturers accelerate product introductions, process more sales transactions, and improve customer satisfaction.
The global partnership brings together Selectica’s proven track record of delivering sales execution technology with Wipro’s superior domain and IT consulting expertise to develop and deploy a range of new and innovative performance-based solutions specifically designed for the discrete manufacturing industry. Wipro’s blue chip manufacturing customer base has led the company to seek out and deliver an in-depth solution that allows manufacturers to reduce inaccurate orders and increase sales execution, productivity and revenue. This is even more critical today as manufacturers face increased global pressures to bring products to market faster and reduce costs. Together, Wipro and Selectica will offer the discrete manufacturing industry a highly scalable, automated approach for streamlining their operations and standardizing their best practices to reduce costs and increase margins.
“In our efforts to provide solutions across the Manufacturing value chain, Wipro will partner with Selectica to meet strong customer demand for an easy to deploy, automated pricing and configuration solution for the high-tech and industrial manufacturing segments,” said NS Bala, senior vice president, manufacturing solutions, Wipro Technologies. “The partnership will enable customers to address sales execution challenges immediately and improve productivity and profitability,” he added.
Selectica’s best of breed Configurator and Pricer engines enable customers to easily set up, modify and maintain rules for configure-to-order products. The high-performance software improves productivity by helping salespeople match customer needs to unique products and service offerings. This allows businesses to deliver a total solution to the end customer quickly and accurately, resulting not only in enhanced revenue opportunities, but higher customer satisfaction and loyalty.
“Our partnership with Wipro enhances our ability to integrate and automate the complex product knowledge management and sales execution requirements of manufacturers worldwide,” said James Dias, vice president of marketing and sales at Selectica. “Wipro’s solutions expertise across sales, marketing and supply chain systems is a strong complement to our software. Together we are bringing a new approach to drive higher levels of performance for this sector.”
About Wipro Limited Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, Information Systems outsourcing, package implementation, software application development and maintenance services to corporations globally.
Wipro's ADS’ are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com.
Media Contact: India: Sanjeeth Boloor, Wipro Technologies, 91- 9845294767, sanjeeth.boloor@wipro.com
About Selectica, Inc. Founded in 1996, Selectica (NASDAQ: SLTC) provides its customers with smart technology that accelerates profitability by automating complex business processes in the areas of sales execution and contract lifecycle management. Available on-demand or as a fully customized installed software application, the company’s high-performance solutions provide a critical link between CRM and ERP to accelerate sales configuration, eliminate order inaccuracies, ensure compliance and limit risk exposure.
Selectica customers represent leaders in manufacturing, technology, healthcare and telecommunications, including: ABB, Alcoa, Applied Bio Systems, Bell Canada, Cisco, Dell, General Electric, Fireman's Fund Insurance Company, Hitachi, International Paper, Juniper Networks, Rockwell Automation, Seton Hospital, Tellabs, Time Warner, Triad Hospitals and 7-Eleven. Selectica is headquartered in San Jose, CA. For more information, visit the company’s Web site at www.selectica.com.
Forward Looking Statements The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding Selectica's and its customers' expectations, beliefs, hopes, intentions or strategies regarding the future and expectations regarding performance improvements or increases in sales attributable to Selectica's existing and new products. All forward-looking statements included in this document are based upon information available to Selectica as of the date hereof, and Selectica assumes no obligation to update any such forward-looking statement. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, market and customer acceptance of new products of Selectica including Fastraq, the recently acquired contract management products and the applications developed with joint venture partners, the success of the ongoing restructuring of Selectica’s operations, and other factors and risks discussed in Selectica's Annual Report on Form 10-K for the fiscal year ended March 31, 2005 and in other reports filed by Selectica with the Securities and Exchange Commission. |