Selectica and Seal Software Group Partner to Provide Contract Discovery and Faster Legacy Load

Selectica and Seal Software Group Partner to Provide Contract Discovery and 
Faster Legacy Load 
Partnership Will Allow Customers to Upload Enterprise-Wide Contracts
Into Selectica Contract Lifecycle Management Quickly and Accurately 
SAN MATEO, CA -- (Marketwired) -- 06/06/13 --  Selectica (NASDAQ:
SLTC), a provider of software that accelerates sales cycles and
streamlines contract processes, today announced that it has partnered
with Seal Software Group, a provider of solutions to discover,
capture, extract and manage contracts. The partnership will provide
customers with a faster, more efficient way to load their
organization-wide contracts into Selectica Contract Lifecycle
Management (CLM) and drive immediate value following implementation.  
"Companies come looking for contract management tools when such
issues as a lack of contract visibility, controls, and compliance
become a liability," said Dan Daehler, Vice President of Global
Services and Channels for Seal Software. "Our partnership with
Selectica gives customers what they need to fully leverage legacy
contracts and the corresponding contractual terms, aiding risk
management while enabling visibility and reporting."  
Using Selectica and Seal Software, enterprises with thousands of
contracts that span the course of their organization's history will
now be able to upload, extract, and map contracts and contract data
from a number of different file and image types, and quickly load
them into the Selectica Contract Lifecycle Management repository
where they can be tracked, maintained, analyzed, and reported on.  
"With their deep domain experience in enterprise software and global
reach to a number of industries we cater to, partnering with Seal
Software made perfect sense for us," said Jason Stern, President and
CEO of Selectica. "Customers will now have all the tools they need to
smooth the legacy load process, and an effective ongoing way to
populate their contract repositories."  
Working in tandem, Selectica and Seal Software give businesses the
ability to:  


 
--  Quickly find contracts in shared folders and document storage systems
    and make them searchable documents in a contract repository
--  Significantly increase upload speed for contracts entering the CLM
    system
--  Automatically extract key contract data, including information in
    embedded images or image files
--  Gain complete visibility into contract milestones, deliverables,
    expirations, and renewals
--  Streamline contract processes, from request, authoring, negotiation,
    and approval through ongoing obligations management, analysis,
    reporting, and renewals.

  
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 (https://twitter.com/Selectica_Inc)
--  Visit "Done Deal," the Selectica blog, to read articles, advice, and
    commentary on how to optimize deal processes (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)

  
About Seal Software Group
 Seal Software Group has created a new market
segment, Contract Discovery and Analytics, with its unique Seal
cDiscovery solution. 
Seal cDiscovery addresses compelling pain points within all
enterprises: how to find contracts, extract clauses, render them for
easy review, and populate corporate repositories -- CRM, CLM, ERP,
SRM -- with contract data. 
Seal cDiscovery is installed in minutes and, without expensive
configuration, automatically discovers existing contractual documents
from a wide range of document and image file types. It also
automatically extracts key clause metadata and provides an easy
format for further review, as well as a platform for on-going
management of contracts, with a fully searchable repository and
obligation management tools. Critically, it allows easy migration of
contracts and metadata to the full range of enterprise platforms. 
Seal has the vision to make Seal cDiscovery the cVault for every
enterprise -- a central repository representing the 'single source of
the truth' for contracts, used to process in-bound contracts, audit
the enterprise for rogue contracts, and provide a single search,
reporting and migration tool for regulatory, transactional and
strategic purposes, accessed by every major enterprise process for
which contracts are important. 
Seal helps organizations in verticals such as legal services,
financial services, oil and gas, high-tech, pharmaceutical, media,
manufacturing, transportation, and telecommunications achieve control
of their contracts and obligations for compliance, cost saving and
competitive advantage. 
For further information, visit the Seal Software website:
www.seal-software.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 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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