The University of Toledo Automates Contract Processes With

The University of Toledo Automates Contract Processes With Selectica
Contract Lifecycle Management 
Educational Institution Will Utilize Selectica CLM for Improved
Template Access, Versioning Control 
SAN MATEO, CA -- (Marketwire) -- 01/09/13 --  Selectica (NASDAQ:
SLTC), provider of software that accelerates sales cycles and
streamlines contract processes, today announced that The University
of Toledo will be using Selectica Contract Lifecycle Management (CLM)
to enforce better control over contract processes and improve
visibility into versioning. 
"We were looking for a standalone contract lifecycle management
system that was specifically designed to effectively handle varying
levels of contract complexity and give us complete insight into how
our contracts morph during negotiations and the general course of
their lifecycle," said Jennifer Pastorek, Director of Supply Chain at
The University of Toledo. "With Selectica CLM we have the flexibility
to phase in our system at our own pace and continue to expand as our
needs require." 
Selectica Contract Lifecycle Management makes it easy to create
contracts, manage them through the review and approval process, and
then store them in a repository where companies can organize, locate,
and report on them. Using Selectica CLM, The University of Toledo
will be able to quickly assess what changes have been made to
contracts through advanced redlining capabilities, keep an accurate
trail of contracts in their various iterations through versioning
controls, easily include up-to-date, approved legal language while
editing contracts in Microsoft Word, and receive alerts when action
needs to be taken on contracts or when contracts reach a critical
milestone. 
"It's encouraging to see how educational institutions like the
University of Toledo are embracing automated contract management as a
way to make business easier and keep contract records accessible,
up-to-date, and accurate," said Doug Bell, Selectica Chief Commercial
Officer. "We're excited to be adding them to our family of customers,
and look forward to helping them accomplish their business goals by
streamlining the way they work with contracts." 
About Selectica
 Selectica (NASDAQ: SLTC) develops innovative
software that the world's most suc
cessful companies rely on to
improve the effectiveness of their sales and contracting processes.
Our guided selling, sales configuration, and contract lifecycle
management solutions support the Global 2000 and growing mid-size
firms in closing billions of dollars' worth of business each year.
Our patented technology, delivered through the cloud, makes it easy
for customers in industries like high-tech, telecommunications,
manufacturing, healthcare, financial services, and government
contracting to overcome product and channel complexity, increase deal
value, and accelerate time to revenue. 
For more information:  


 
--  Visit the Selectica website to learn more about the company and its
    products and customers (http://www.selectica.com)
--  Follow @Selectica_Inc on Twitter to stay up to date with industry news
    and updates (http://twitter.com/Selectica_Inc)
--  Visit "Done Deal," the Selectica blog, to read articles, advice, and
    commentary on how to optimize deal processes
    (http://www.selectica.com/blog)
--  Watch Selectica videos on YouTube to see what Selectica and its
    products can do (http://www.youtube.com/user/SelecticaVideos)
--  Browse the Selectica resource center to find guides and resources on
    how to improve sales and contracting processes
    (http://www.selectica.com/resources)

  
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, 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. 
Media contacts
Kimberly Canedo
Tanis Communications
408.295.4309 x104
kimberly.canedo@taniscomm.com 
Jordan McMahon
Selectica
(650) 532-1520
pr@selectica.com 
Investor contact 
Todd Spartz
Selectica
(650) 532-1540
ir@selectica.com 
 
 
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