Selectica Closes Equity Financing

Selectica Closes Equity Financing 
Capital to Fuel SaaS Revenue Growth, Extend Global Reach 
SAN MATEO, CA -- (Marketwired) -- 06/03/13 --  Selectica (NASDAQ:
SLTC), provider of software that accelerates sales cycles and
streamlines contract processes, today announced that it has completed
a private placement transaction with certain institutional funds and
accredited investors for approximately $6.4 million, to be received
in two tranches. The first tranche of approximately $5.7 million
closed on May 31, 2013. The second tranche is expected to close upon
stockholder approval of the transaction at the Company's annual
stockholder meeting anticipated to be held in September 2013.  
"The proceeds from this transaction will allow us to accelerate the
momentum in revenue growth that we've experienced year-over-year,
particularly with our SaaS product offerings which have grown over
80%," commented Jason Stern, Selectica President and CEO. "With our
vision of providing cloud-based, end-to-end configure, price, quote,
and contract management software resonating strongly with the public,
this investment of capital will give us the opportunity to further
extend our product footprint to global enterprises in existing and
new markets." 
New, fundamental-focused institutional investors including three of
the Special Situations Funds, members of management and member of the
board of directors joined the Company's largest existing shareholder
in the current round of financing. Lake Street Capital Markets, LLC
served as the exclusive placement agent for the transaction. 
The securities described herein have not been registered under the
Securities Act of 1933, as amended, or any state securities laws, and
may not be offered or sold in the United States absent registration
with the Securities and Exchange Commission or an applicable
exemption from such registration requirements. Selectica has agreed
to file one or more registration statements with the Securities and
Exchange Commission covering the resale of the shares of common stock
and common stock issuable upon conversion of or in connection with
the preferred stock and upon exercise of the warrants. 
No Offer or Solicitation
 This press release shall not constitute an
offer to sell or the solicitation of an offer to buy the securities
described herein, nor shall there be any sale of such securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.  
About Selectica
 Selectica (NASDAQ: SLTC) develops innovative
software that the world's most successful 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. 
Investor contact 
Todd Spartz
Selectica
(650) 532-1540
ir@selectica.com 
Media contacts
Kimberly Canedo
Tanis Communications
408.295.4309 x104
kimberly.canedo@taniscomm.com 
Jordan McMahon
Selectica
(650) 532-1520
pr@selectica.com 
 
 
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