Selectica, Inc. (NASDAQ: SLTC), provider of deal management solutions, including sales configuration and contract lifecycle management solutions, today announced the promotion of its President and Chief Operating Officer, Jason Stern, to Chief Executive Officer.
Jason Stern- CEO, Selectica, Inc. (Photo: Business Wire)
“With the Board’s appointment of Jason to CEO, we have solidified the executive leadership of the company,” said Alan Howe, Chairman of the Board at Selectica. “The impact of his tenure as President and COO can be seen in virtually every facet of the business—strategic direction, financial results, the management team, customer successes, and company culture. I am confident that Jason will continue to be a guiding force in Selectica’s long-term success.”
Jason Stern had assumed responsibility for Selectica’s company strategy and day-to-day operations when he was named President and COO in January 2009. Under his leadership, Stern aligned the company’s contract lifecycle management and sales configuration business units into a single organization committed to delivering a comprehensive deal management suite to manage the deal process from quote to contract. Stern led the turnaround of the company, dramatically improving the company’s financial position, delivering cashflow positive and profitable quarters in fiscal year 2010 while increasing R&D capacity. He also implemented new business processes and metrics to continually improve company performance and foster a company culture focused on customer success.
Before becoming Selectica’s President and COO, Stern served as Senior Vice President Operations and Vice President of Product Management, Contract Management Solutions at the company. In these positions, revenue from the Selectica Contract Lifecycle Management solution grew significantly and the technology was recognized as a leading solution by top industry analysts. Prior to joining Selectica, Stern was Vice President of Product Management at I-many. He has also held positions at Oracle. His experience includes roles in product management, marketing, operations, and business development.