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Selectica Names Patrick Stakenas Chief Strategy Officer

Former Gartner Research Director to Drive Go-to-Market Strategies for Selectica

SAN MATEO, CA -- (Marketwired) -- 01/06/14 -- Selectica, Inc. (NASDAQ: SLTC), a leading provider of software that streamlines contract processes and accelerates sales cycles, today announced that Patrick Stakenas will join the Selectica executive team as Chief Strategy Officer, effective immediately.

"Patrick has extensive experience in identifying and capitalizing on emerging trends in enterprise software, process effectiveness/performance management, and cloud computing services, which make him the ideal person to help us further build our go-to-market and product strategy for the future," said Blaine Mathieu, President and CEO of Selectica. "I am excited to have Patrick as part of the Company's new management team, as we deliver on our mission to improve the effectiveness of our clients' contracting and sales processes and advance a customer first approach."

Mr. Stakenas was most recently at Gartner where he authored key industry research, including the Magic Quadrants for Sales Performance Management and Sales Force Automation. His forward-looking research and publications have helped enterprises and software vendors shape and model their go-to-market approaches and future technology offerings. "Selectica has incredibly powerful core technology in the contract management and configuration spaces, and a client list that is second to none," commented Stakenas. "It's a great opportunity for me to help lead a company with such a strong foundation to build upon."

Prior to his time at Gartner, Mr. Stakenas was the founder of ForceLogix Technologies Inc. (TSX VENTURE: FLT) -- acquired by Callidus Software, (NASDAQ: CALD) in 2010), which was at the forefront of SaaS applications built to support sales effectiveness and performance management. Before ForceLogix, Stakenas was a senior executive at CCC Information Services and worked in senior leadership roles at OpenText and FileNet (IBM).

About Selectica, Inc.
Selectica, Inc. (NASDAQ: SLTC) is a leading provider of enterprise Contract Management and Configure Price Quote software solutions. Since 1996 Selectica has been helping our Global customers actively manage contracts throughout the sales, procurement and legal life cycle. Selectica's CPQ sales automation software accelerates sales opportunities with guided selling, dynamic pricing configuration and proposal quoting and approvals. Our patented technology, delivered through the cloud, helps our customers in industries like high-tech, telecommunications, manufacturing, healthcare and financial services to accelerate and streamline sales and contract management process.

For more information:

Browse the Selectica resource center to find guides and resources on how to improve sales and contracting processes (http://www.selectica.com/resources

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