Selectica (NASDAQ:SLTC), a leading provider of enterprise contract lifecycle management and sales configuration solutions, today announced that Zebra Technologies Corporation (NASDAQ:ZBRA), a provider of technology solutions to identify, track, and manage the deployment of critical assets, has chosen to implement Selectica Contract Lifecycle Management to manage the company’s reseller, independent contractor, and NDA agreements.
“Zebra Technologies has grown into a global organization with specialty digital printing and automatic identification solutions in more than 100 countries around the world,” said Michelle Hartmann, Senior Corporate Paralegal and Contract Administrator for Zebra Technologies, which is headquartered in Lincolnshire, Illinois. “With the sheer volume of complex contracts being initiated in multiple locations, we needed an advanced contract management solution to manage our processes and gain greater productivity out of our existing resources.”
The Selectica Contract Lifecycle Management solution streamlines the entire contract lifecycle, from contract request, authoring, negotiation, and approval, through contract execution, on-going obligations management, amendment, and renewal. The solution’s library of approved templates, language, and terms will help Zebra improve the consistency of language and terms across its contracts and reduce risk. The Selectica system’s dynamic workflow capabilities will also help the company reduce contract cycle time to close business faster.
After a comprehensive assessment of several contract management solutions, Zebra ultimately decided to utilize Selectica’s solution based on several criteria, including the scalability of the solution, the total cost of ownership, and the knowledge and professionalism of the Selectica team. A key differentiator in the selection process was also the flexibility of deployment options Selectica provides. Zebra will deploy the Selectica solution in the cloud initially, but the company will be able switch to a behind-the-firewall deployment as its needs change.
Hartmann noted, “We were pleased with the solution’s flexibility, which is well suited to a global operation. As our company continues to expand, we are confident that this solution will be capable of expanding with us.”
About Selectica, Inc.
Selectica (NASDAQ:SLTC) provides Global 2000 companies with solutions that automate complex contract management and sales configuration processes. Selectica's enterprise solutions streamline critical business functions including sales, procurement, and corporate governance, and enable companies to eliminate risk, increase revenue, and cut costs. Selectica customers represent leaders in manufacturing, technology, retail, healthcare, and telecommunications, including Bell Canada, Cisco, Covad Communications, Fujitsu, CA Technologies, ManTech, and Qwest Communications. For more information, visit www.selectica.com.
About Zebra Technologies
Zebra Technologies Corporation (NASDAQ:ZBRA) provides the broadest range of innovative technology solutions to identify, track, and manage the deployment of critical assets for improved business efficiency. Zebra's core technologies include reliable on-demand printer and state-of-the-art software and hardware solutions. By enabling improvements in sourcing, visibility, security and accuracy, Zebra helps its customers to put the right asset in the right place at the right time. Zebra serves more than 90 percent of Fortune 500 companies worldwide. For more information about Zebra's solutions, visit www.zebra.com.
Forward Looking Statements
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 information includes, without limitation, 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.
Jordan McMahon, 408-545-2494
Todd Spartz, 408-545-2648
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