Contact Information: Investor Contact: Tony Rossi Financial Relations Board for Selectica 310-854-8317 Media Contact: Sam Diamond Diamond Publications 520-575-2787
Selectica Launches Customer Advisory Council
Selectica Customer Advisory Council (S-CAC) Represents the First Step in a Strategic Focus on Innovation through Enhanced Customer Communications
| Source: Selectica, Inc.
SAN JOSE, CA--(Marketwire - August 28, 2007) - Selectica,
Inc. (NASDAQ : SLTC ), a leading provider of enterprise contract
lifecycle management (CLM) solutions, today announced the launch of the
Selectica Customer Advisory Council (S-CAC), the first step in a larger
corporate strategy to dramatically boost customer communications and drive
innovation through peer networking. S-CAC will serve an advisory role to
corporate executives at Selectica and guide the agenda for the Selectica
Customer Success Network, a communications alliance of all Selectica users
who will have enhanced access to peers and industry best practice resources
through a variety of channels and events.
"Selectica is entering a new customer-centric era," said Terry Nicholson,
Vice President and General Manager of Contract Lifecycle Management
Solutions at Selectica. "With the adaptability and power of our underlying
technology platform well-established, it is now time to leverage the
knowledgebase represented by all of our customers to ensure that future
product releases continue to meet their evolving needs and those of a
changing marketplace. S-CAC is the key to this effort."
"All too often software companies forget about their customers after the
purchase is complete," said Thaddeus Stephens, a charter member of S-CAC
and assistant general counsel at Covad Communications. "Vendors may be
available to resolve problems if you pay a hefty fee for support, but
that's about the extent of their involvement. Selectica is taking a
different path, involving customers at every stage of the product
lifecycle. With the flexibility of their platform and a commitment to
customer communications, Selectica is clearly raising the bar for the CLM
marketplace."
"The best software companies leverage their customers' expertise and
insights to guide product development strategies, "said Vishal Patel,
research analyst for global supply management at Aberdeen Group.
"Furthermore, the more opportunities vendors offer customers for
participating in such programs, the stronger their voice will be, and the
more effective the strategy."
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.