Selectica, Inc. (NASDAQ: SLTC), provider of deal management solutions, including sales configuration and contract lifecycle management solutions, today announced that Selectica Contract Lifecycle Management was named as a leading sell-side CLM solution in the June 2011 Forrester Research, Inc. report, The Forrester Wave™: Contract Life-Cycle Management, Q2 2011.
Selectica has invested significantly on building out sell-side capabilities—including support for mobile devices and integration with its configure, price, and quote (CPQ). Its updated search capabilities were cited as a strength. Forrester stated that Selectica is “a perfect fit for those companies focused on the sell-side, seeking a subscription model, and/or running salesforce.com.”
The Forrester Wave™ publication provides product evaluations for particular markets or technology. Forrester’s most recent report evaluated 10 commonly short-listed CLM vendors on 113 criteria involving current offering, strategy, and overall market presence. This evaluation showed Selectica holding or sharing top scores in a number of categories critical to sales organizations, including contract negotiation, contract fulfillment tracking capabilities, and ability to support organizations with existing and third party contract management needs. Selectica also received the highest score in the hosted options category of all noted vendors for breadth of options available for those seeking a SaaS solution—which Selectica believes is often a critical consideration for sales organizations that are looking to start fast without IT overhead.
This assessment by Forrester falls in line with analyst AMR’s 2009 CLM evaluation, which also recognized Selectica as the prominent sell-side contract management leader.“We at Selectica are thrilled to have been named a Leader in the contract management space in the Forrester Wave™ report,” said Joe Lipple, Selectica vice president of product management. “We believe our continued investment in accelerating time to value for our customers—both in terms of our rich capabilities and rapid solution delivery—is clearly resonating with the industry leaders.” About Selectica, Inc. Selectica (NASDAQ: SLTC) provides Global 2000 companies with deal management solutions to help companies close business faster, with higher margins and lower risk. Selectica offers tightly integrated applications for guided selling, sales configuration, pricing, quoting, and contract lifecycle management, including modules for mobile devices and employee self-service. With over 100,000 users and over one million new contracts processed annually, Selectica is changing the way companies do business. Selectica customers represent leaders in technology, healthcare, government contracting, 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.