Selectica Extends Global Reach With New Research And Operations Center
Selectica (NASDAQ:SLTC), a leading provider of contract lifecycle management and sales configuration solutions, today announced that it has opened a new operations and development center in Odessa, Ukraine. The facility represents a significant investment in Selectica’s global expansion strategy.
The Odessa office will enable Selectica to rapidly expand its software suite and accelerate its development roadmap with innovative new capabilities. The facility is already operational and staffed with a team of over 30 engineers.
“The new Odessa operations center will enhance our presence in the region, and enable Selectica to deliver on our vision of providing a comprehensive suite of deal management solutions to help Global 2000 companies close business faster, with higher margins and lower risk,” said Leonard Rainow, Vice President of Engineering & Chief Technology Officer at Selectica.
Many of the members of the Odessa team have previously worked together at a software outsourcing firm focused on pricing, contract management, and royalty solutions for European and North American companies. The group’s deep domain expertise and shared experiences as a cohesive team are unique assets that can allow them to quickly contribute to Selectica’s continued success.The Odessa center also plans to add staff in areas such as support and professional services to provide even higher service levels and further strengthen Selectica’s relationships with its global customers. There are no plans to alter staffing levels in Selectica’s North American operations. “The high-quality, experienced talent available in Odessa makes this region very attractive to Selectica,” said Joe Lipple, Vice President of Product Management. “We’re excited to bring this team of professionals on board to help us in developing innovative new solutions.” About Selectica, Inc. Selectica (NASDAQ: SLTC) provides Global 2000 companies with solutions that automate complex contract management and sales configuration processes. Selectica's enterprise solutions streamline critical business functions including sales, procurement, and corporate governance, and enable companies to eliminate risk, increase revenue, and cut costs. Selectica customers represent leaders in manufacturing, technology, retail, healthcare, and telecommunications, including Bell Canada, Cisco, Covad Communications, Fujitsu, CA Technologies, ManTech, and Qwest Communications. For more information, visit www.selectica.com. 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 information includes, without limitation, 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.
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