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Press Releases

Our latest announcements, events and financial results.

July 2, 2014

Selectica Closes Acquisition of IASTA and $7.5 Million Equity Financing

San Mateo, Calif. – July 2, 2014

News Summary

Selectica, Inc. (NASDAQ: SLTC) today announced it has completed the acquisition of IASTA, an industry leading SaaS-based sourcing and spend management solutions company focused on providing strategic sourcing, business intelligence, spend analysis, supplier management, and contract management technology. IASTA empowers procurement and sourcing professionals in mid- to large enterprises worldwide.

As part of enabling the acquisition, Selectica also announced today that it has completed a private placement transaction with certain institutional funds and accredited investors for approximately $7.5 million.

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June 5, 2014

Selectica Enters into Agreement to Acquire IASTA

San Mateo, Calif. – June 5, 2014

News Summary

Selectica, Inc. (NASDAQ: SLTC) today announced it has reached a definitive agreement to acquire IASTA, an industry leading SaaS-based sourcing and spend management solutions company focused on providing strategic sourcing, business intelligence, spend analysis, supplier management, and contract management technology to empower procurement and sourcing professionals in mid- to large enterprises worldwide.
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