Selectica Receives Bronze Stevie Award for Selectica Guided Selling Configure-Price-Quote (CPQ) Solution

Company Honored in the "Best New Software Product or Service of the Year, Cloud Application or Service" Category in the 2012 American Business Awards

Marketwired

SAN MATEO, CA--(Marketwire - Sep 25, 2012) - Selectica (NASDAQ: SLTC), provider of software that accelerates sales cycles and streamlines contract processes, today announced that it was presented a Bronze Stevie Award in the 10th Annual American Business Awards for its cloud-based configure-price-quote (CPQ) offering, Selectica Guided Selling.

"Growing companies are focused on developing ways to improve their quality of offering and increase deal profitability; one way to do this is to put the company's tribal knowledge at sales teams' fingertips," said Kamal Ahluwalia, Selectica Chief Strategy Officer. "Selectica Guided Selling gives companies that ability, enabling them to improve pricing accuracy, discover upsell and cross-sell opportunities easily, and spend more time winning deals rather than performing administrative tasks. We're honored that the ABA recognizes that reducing sales complexity is a business priority and chose us to be the recipient of this award."

Nicknamed the "Stevies" for the Greek word for "crowned," the trophies were presented to winners during a gala banquet on Monday, September 17 at the Julia Morgan Ballroom in San Francisco. More than 200 nominees and their guests attended. 

"We're delighted to recognize so many innovative companies, new products, technical achievements, and technology executives in the ABA's new product and tech awards categories," said Michael Gallagher, president and founder of the Stevie Awards. "It's gratifying and inspiring to have received so many remarkable entries for this year's competition. We look forward to staging this event in San Francisco for years to come."

Selectica Guided Selling shortens sales quoting cycles -- often from days to mere minutes -- and increases overall sales effectiveness by making it easier for companies to manage complex product, pricing, and packaging information and share it with internal sales teams and channel sales partners.

Details about The American Business Awards and the lists of Stevie Award winners who were announced on September 17 are available at www.stevieawards.com/aba

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 www.selectica.com

About the Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.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.

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