SAN MATEO, CA, October 8, 2015 – Selectica, Inc.(NASDAQ: SLTC), a global provider of SaaS enterprise contract lifecycle management, supply management, strategic sourcing, and purchase-to-pay solutions, including Enterprise Contract Lifecycle Management, eSourcing, eProcurement, spend analysis, and purchase-to-pay software, announced a change to the executive team. The Board of Directors has appointed John K. Nolan as Chief Financial Officer. Mr. Nolan has served in financial leadership positions for both public and privately held technology and services companies for over 20 years. He was most recently President of the government contractor Quadel Consulting. Prior to Quadel Consulting, Mr. Nolan held executive financial positions at MCI Communications, including Vice President of Corporate Finance.
“John has a proven track record of finding ways to invest in innovation and managing to profitability. In addition, he has deep experience in modeling customer lifetime value and profitability, and recommending actions that could extend and improve both. John’s ability to be a business partner combined with the finance viewpoint is just what we need as we evolve Selectica’s management team,” said Patrick Stakenas, President and Chief Executive Officer at Selectica. “His years of experience in high growth subscription businesses and his experience in successfully integrating merged companies will add significant and immediate value to Selectica.”
“Selectica is at an exciting point in its corporate life,” said Mr. Nolan. “With the acquisitions and integration of Iasta and b-pack, Selectica has built an industry leading, full-suite competitor in the source-to-pay market. Selectica is well positioned in this growing market, and I am very much looking forward to contributing to their continued success.”
As part of the transition, Todd Spartz has resigned as Chief Financial Officer of the Company. “We thank Todd for his dedication to Selectica over the last 6 years and wish him the best for all his future endeavors,” said Michael Brodsky, Executive Chairman at Selectica.
John K. Nolan’s Biography:
Mr. Nolan has held finance leadership positions at public and private technology and service companies for over 20 years. At Quadel Consulting, a privately owned government contractor, Mr. Nolan was initially hired as Chief Financial Officer before being promoted first to Chief Operating Officer in 2011 and then to President in 2013. At Quadel Consulting, he led the launch of a first of its kind software as a service product to help improve employee quality and performance. Prior to Quadel Consulting, Mr. Nolan was Vice President of Corporate Finance for MCI Communications, where he oversaw the integration of merged companies to ensure that performance goals were met and all technology spending. At MCI Communications, he also created numerous processes for measuring the customer life and value of the company’s services offerings. Mr. Nolan started his career as a cost accountant for the mainframe division of IBM.
Mr. Nolan has a Master of Business Administration in Finance from the University of Texas at Austin and a Bachelor of Science degree in Management from Tulane University. He also earned his CPA license in Virginia. In addition, Mr. Nolan serves on the board of So Others Might Eat, a poverty services non-profit, and Imagination Stage, a performing arts organization for children, both of which are based in the Washington, D.C. metropolitan area.
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.