SAN MATEO, CA--(Marketwired - Feb 10, 2015) - Selectica, Inc. (NASDAQ: SLTC), a leading provider of contract management, configuration, and strategic sourcing solutions, today announced that it has completed a private placement transaction to certain institutional funds and accredited investors for approximately $5.9 million, of which approximately $5.6 million was raised in an initial closing of preferred stock which would convert at a $4.70 common stock basis, and $310,000 of which would be provided by certain members of the Company's management and directors in a subsequent closing of common stock at $4.70 per share, subject to stockholder approval. In addition, the company entered into separate agreements with one of its current stockholders by which it would be provided with an additional $3.0M through the issuance of a convertible promissory note, and by which the stockholder would provide a limited guaranty to the company's existing lender to enable it to access an additional $2.0M through its existing credit facility.

"I'm excited about the strong the mix of long-term shareholders who have significantly contributed to this round as well as new investors who have come into Selectica for the first time," said Blaine Mathieu, CEO and President of Selectica. "In addition to these institutions, we are encouraged by the fact that certain members of the management team and the board of directors have decided to invest personal money in this round. The quality and reputations of the groups participating in this investment are a testament to the strength of the company's progress to this point and are a reflection of their belief in the company's ability to execute."


Supporting Resources

About Selectica, Inc.

Selectica, Inc. (NASDAQ: SLTC) provides a platform for enterprises worldwide to create, manage, and optimize business relationships with contracts at the core. Selectica helps global companies actively manage their contracts throughout the sales, procurement and legal life cycles. Selectica's contract management solutions drive business value by assisting organizations in managing contracts profitably, effectively accelerating revenue opportunities, and minimizing risk through compliance. Through Iasta, a Selectica company, we provide leading strategic sourcing and spend management solutions, dedicated to empowering sourcing and purchasing professionals. Our blend of acclaimed software and services focus on improving spend analysis, procurement intelligence, sourcing, and supplier lifecycle management. Our solutions play a critical role in optimizing business relationships by enhancing supply base insights, improving supplier collaboration and reducing the supply chain risks vital to today's globally-minded enterprise. Selectica also provides a powerful configuration engine, enabling Fortune 500 companies to accelerate revenue by facilitating the optimization of the right combination of products, services, and price. More information: and

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, product and channel development, 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 fluctuations in demand for Selectica's products and services, risks of losing key personnel or customers, protection of the company's intellectual property and government policies and regulations, including, but not limited to those affecting the company's industry. 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 as filed by the company with the Securities and Exchange Commission.

Contact Information:

Investor Relations:
Budd Zuckerman

Media Relations:
Rose Lee