SAN MATEO, CA--(Marketwire - Sep 18, 2012) - Selectica (NASDAQ: SLTC), provider of software that accelerates sales cycles and streamlines contract processes, today announced that the US Patent and Trademark Office (USPTO) has granted a patent for efficiently configuring products and services using dynamic components.
"Solution selling is critical to increasing the top-line as well as improving margins. However, customers are stymied by inadequate technologies that fail to apply the product configuration, compatibility and pricing rules across their solution portfolios," said Kamal Ahluwalia, Chief Strategy Officer at Selectica. "Our latest patent continues a tradition of innovation at Selectica and further enables customers to efficiently allow their sales channels to configure and price complex products and services."
The latest patent applies to the declarative constraint engine that powers Selectica Guided Selling, and provides companies with an optimal method for using dynamic components while configuring products and services with large number of options and possible solutions, rather than relying only on static parameters and components. The result is that the system needs fewer computational and memory resources -- even while configuring complex solutions -- making it very affordable and scalable.
The patent is the seventh awarded thus far to Selectica sales configuration software. A patent that enables rule patterns is currently pending.
Selectica will be discussing and demonstrating Selectica Guided Selling and the benefits of using constraint-based technology to handle complex configurations at salesforce.com's Dreamforce '12, to be held September 18-21 in San Francisco, California.
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 www.selectica.com.
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.