Selectica Announces Changes in Executive Leadership

Selectica Announces Changes in Executive Leadership 
SAN MATEO, CA -- (Marketwired) -- 08/07/13 --  Selectica, Inc.
(NASDAQ: SLTC), provider of software that accelerates sales cycles
and streamlines contract processes, today announced changes to the
executive team.  
The Board of Directors has appointed Board member Michael Brodsky as
Chairman and Interim Chief Executive Officer to lead the Company's
executive team, replacing Jason Stern, who was dismissed as President
and Chief Executive Officer, and who resigned as a member of the
Board of Directors of the Company. Alan Howe, previously Chairman of
the Board, will transition to become the Company's Vice Chairman and
Lead Independent Director. 
"As we continue to build on our momentum in the market, attack new
segments, and leverage our unique assets, we believe Michael is the
right person and has the requisite experience to lead us through this
period of growth," said Mr. Howe. "We thank Jason for his dedication
to Selectica and for steering the company over the past two and a
half years, and we wish him well in all of his future endeavors."  
"Having been active on the Selectica Board for almost three years, I
believe that the company is exceptionally well positioned and has
great potential to grow our top-tier client base. Our goal is to
continually improve the effectiveness of our customers' sales and
contracting processes while simultaneously embracing a customer first
philosophy," said Brodsky. "I eagerly anticipate the forthcoming
challenges during this transition period, and I look forward to
working with the entire Selectica team and the Board as we continue
to focus on our mission of supplying our best in class sales
effectiveness solutions to a growing number of industry-leading
enterprises."  
Mr. Brodsky joined Selectica as a director in October of 2010. Mr.
Brodsky previously served as the Chairman of the Board and CEO as
well as Executive Chairman of Youbet.com, Inc. (NASDAQ: UBET) While
at Youbet.com he restructured and realigned the business around a
metrics-driven business philosophy. Churchill Downs Incorporated
acquired Youbet.com, in 2010 and Mr. Brodsky was elected to its Board
of Directors of Churchill Downs (NASDAQ: CHDN), where he served on
its Executive Committee. Prior to joining Youbet, Mr. Brodsky managed
New World Opportunity Partners, the public investment arm of the
Chicago-based Pritzker family, where he was the firm's Managing
Partner. Prior to that, Mr. Brodsky served as the CFO of The Away
Network, an online travel media company that owned and managed the
sites, Away.com, OutsideOnline.com, and GORP.com.  
In addition to serving on the Selectica Board of Directors, Mr.
Brodsky serves on the Board of Genesis Land Development Corporation
where he serves as its Chairman, (TSX: GDC) 
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. 
Media contact
Jordan McMahon
Selectica
(650) 532-1520
pr@selectica.com 
Investor contact
Todd Spartz
Selectica
(650) 532-1540
ir@selectica.com 
 
 
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