SAN MATEO, CA--(Marketwired - Apr 17, 2013) - Selectica (NASDAQ: SLTC), a provider of software that accelerates sales cycles and streamlines contract processes, today announced that averda International, a leading environmental solutions provider, has chosen Selectica Contract Lifecycle Management to automate their contract processes and ensure visibility into contract milestones.

"Plain and simple, we've outgrown using several methods on multi systems for managing our contracts," said Anthony Kurban, Averda Chief Information Officer. "With Selectica CLM, we'll have a flexible, automated system in place to keep track of renewals, deadlines, and time-sensitive contract activities, and ensure that we're maintaining pristine compliance with the internal and external regulations that are critical to our business."

averda International plans to take advantage of a number of key features within Selectica CLM in order to manage hundreds of contracts with both regional and global vendors, including contracts for procurement, finance, and equipment. With Selectica CLM, averda International will be able to set unique approval cycles for different types of contracts across geographies, standardize templates for their variety of contract types, and apply versioning and redlining controls during collaboration between their own legal team and end users.

"Of key importance for global companies like averda International is visibility into approvals processes and maintaining business continuity as it pertains to all contracts in the organization," said Kamal Ahluwalia, Selectica Chief Marketing Officer. "We're very much looking forward to helping averda International keep a firm grip on their contract processes as they continue to grow their business."

About Selectica
Selectica (NASDAQ: SLTC) develops innovative software that the world's most successful companies rely on to improve the effectiveness of their sales and contracting processes. Our guided selling, sales configuration, and contract lifecycle management solutions support the Global 2000 and growing mid-size firms in closing billions of dollars' worth of business each year. Our patented technology, delivered through the cloud, makes it easy for customers in industries like high-tech, telecommunications, manufacturing, healthcare, financial services, and government contracting to overcome product and channel complexity, increase deal value, and accelerate time to revenue.

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About averda International
averda International is the largest environmental solutions provider in the MENA region, specializing in integrated resources management. averda International is at the forefront of innovation in the regional market, providing sustainable solutions and more than 35 years of experience in the effective management of waste for both private and public sector clients across pedestrian, residential, commercial, and industrial areas.

The extensive portfolio of services covered by averda ranges from street cleaning through to waste collection, treatment, disposal and recycling, as well as including the full-scale development of sustainable solutions for water, wastewater and solid waste of public, residential, commercial, and industrial sectors, all within a framework that respects the natural environment. averda International also designs and implements full-scale solutions to recover valuable resources like paper, metals, and water.

With more than 7,500 employees serving millions of people everyday, averda operates in full compliance with international standards for quality control throughout Lebanon, Saudi Arabia, the United Arab Emirates, Oman, Qatar, the United Kingdom, Ireland, France, Morocco, and Iraq.

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Forward-Looking Statements
Certain statements in this release and elsewhere by Selectica are forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements regarding business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward-looking statements include, but are not limited to the on-going global recession; fluctuations in demand for Selectica's products and services; government policies and regulations, including, but not limited to those affecting the company's industry; and risks related to the company's past stock granting policies and related restatement of financial statements. Selectica undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Additional risk factors concerning the company can be found in the company's most recent Form 10-K, filed by the company with the Securities and Exchange Commission.