SAN MATEO, CA February 18, 2015 — Selectica, Inc. (NASDAQ: SLTC), a leading provider of contract management, supply management, and configuration solutions, has been acknowledged as a Visionary in the latest Magic Quadrant for Strategic Sourcing Application, published by Gartner, February 2015.
This year, Gartner adjusted the criteria to focus on vendors with global enterprise capabilities, which resulted in several vendors being dropped from the Magic Quadrant. Selectica Chief Strategy Officer Patrick Stakenas commented, “We are proud to be recognized by Gartner as a Visionary in the latest report; we are well underway with the integration of IASTA technology and have completed the operational integration effort.” Since Selectica and IASTA united seven months ago, the two pioneers in enterprise technology have worked hard to develop and combine best-of-breed enterprise solutions to offer its customers.
A Visionary must be aware of current and future market and technology trends, customer needs, and competitive forces. Ultimately, they should demonstrate their understanding and deliver on the vision. “By integrating contract management with supply management we provide visibility into previously unseen information,” Patrick Stakenas continued, “enabling clients to holistically view their processes, proprietary data, and business agreements to discern unidentified opportunities. Our focus now is to deliver solutions that drive collaboration and intelligence to the whole enterprise.”
“The value we bring to the market from our newly expanded company is significant,” said President and CEO Blaine Mathieu. “We believe our business is about more than just generating revenue, it’s about leveraging our skilled team and robust product suite to grow and deepen our customer relationships to deliver more for our customers.”
Blaine Mathieu adds, “Selectica has demonstrated solid billings, with significant deferred and recurring revenue growth. 3Q FY 2015 was our second consecutive quarter of billings growth. We are on track to see our investments and efforts rewarded as new products and solutions are scheduled to launch in 2015.”
About Determine, Inc.
Determine (NASDAQ: DTRM) is a provider of leading enterprise cloud software solutions with over four decades of collective technical and process knowledge in the areas of strategic sourcing, enterprise contract lifecycle management, and procure to pay solutions. We provide the next generation of agile, enterprise cloud solutions for managing the needs of modern business. Using our intuitive applications, organizations can effectively manage the full scope of source to pay and enterprise contract lifecycle management requirements using the Determine platform.
The Determine platform is an open technology infrastructure based on smart process application models. The goal of our platform is to establish awareness of relevant data, manage business documents, embed analytical tools, create a means for collaboration, and provide advanced process management tools for fully integrating business processes through an open API infrastructure. Built on a unified and highly scalable platform, we deliver deep and innovative capabilities in strategic sourcing, supplier management, enterprise contract lifecycle management, e-procurement, invoicing, and other business operation areas.
In addition to our source to pay and enterprise contract lifecycle management solutions suite, we also provide a powerful, patented configuration engine solution, which Global 1000 companies use to increase revenue by facilitating the right combination of products, services, and price.
For more information, please visit: www.determine.com.