SAN MATEO, CA -- (Marketwire) -- 12/22/11 -- Selectica, Inc. (NASDAQ: SLTC), provider of cloud-based sales configuration and contract lifecycle management solutions, today announced the additions of Jennifer Bomze as Vice President of Marketing and Rob Milks as Director of Sales, as well as the promotion of Leo Sigal to Vice President of Engineering.
Bomze brings extensive experience in marketing cloud software at a time when Selectica is increasingly focused on building out its cloud offerings. As Vice President of Marketing, she will be overseeing all marketing functions, with an initial focus on developing initiatives to bring Selectica solutions to new markets. Prior to joining Selectica, Bomze served as Senior Director of Marketing at Arena Solutions, where she helped build the marketing organization, define the company's brand, and lead integrated programs that generated awareness, demand, and community.
Milks is making his return to Selectica. Previously he served as the company's Vice President of Sales -- Global Markets, a role in which he greatly expanded the base of customers using Selectica sales configuration solutions and helped propel Selectica to one of the largest IPOs in NASDAQ history. In his new position, he will manage the field sales team and spearhead sales initiatives for Selectica sales configuration and guided selling products. In addition to his work at Selectica, Milks has also managed strategic accounts at Progress Software, and served as a sales vice president at several companies, including ConnectBeam and Intertech Information Management.
"In order to provide our customers with an excellent experience at every step of their software evaluation, selection, and deployment process, we need leaders who have demonstrated the ability -- and inclination -- to respond to the needs of companies in a variety of industries," said Doug Bell, Chief Commercial Officer at Selectica. "Jennifer and Rob have demonstrated a commitment to helping customers succeed, and both possess the acumen necessary to assist companies in understanding exactly how Selectica can help."
Sigal's promotion to Vice President of Engineering marks another step in his quick rise through the development organization at Selectica, where he previously served as Director of Quality Engineering and Head of Engineering. In his new role, Sigal will oversee all software engineering functions, including research, development, quality engineering, and sustaining engineering.
"The decision to promote Leo was easy," said Leonard Rainow, Chief Operating Officer at Selectica. "He has a track record of remarkably rapid, high-quality turnaround on critical technical deliverables, and he has shown that he knows how to develop solutions that meet customer needs. With our current focus on delivering useful, innovative cloud software, there's no one I'd rather have leading the team."
Sigal's promotion spotlights the company's ongoing commitment to investing in research and development (R&D). In October 2010, Sigal was instrumental in opening a new R&D center in Odessa, Ukraine, and under his leadership, that team of 30-plus members has enabled Selectica to rapidly expand the functionality available in its software offerings. The Odessa team, as well as the company's engineering teams in Pune, India, and San Mateo, California, will all report to Sigal.
About Selectica, Inc.
Selectica (NASDAQ: SLTC) provides Global 2000 companies with cloud software solutions that help them close business faster, with higher margins and lower risk. More than 100,000 users rely on Selectica applications for guided selling, sales configuration, pricing, quoting, and contract lifecycle management to streamline their sales operations and process over one million new contracts annually. Selectica solutions are used by leaders in technology, healthcare, government contracting, and telecommunications, including Bell Canada, Cisco, Covad Communications, Fujitsu, CA Technologies, ManTech, and Qwest Communications. For more information, visit www.selectica.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.
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