Webinar Series to Address Key Issues to Consider When Evaluating Contract Management Solutions

SAN JOSE, CA--(Marketwire - September 18, 2007) - The Contract Management Knowledge Center (CMKC), a clearinghouse of customer-centric, vendor-agnostic information and tools pertaining to contract management, today announced an upcoming series of three "Buyer's Guide" Webinars. Each Webinar will feature presentations by industry experts and address a separate critical issue pertaining to the challenges of purchasing a contract lifecycle management (CLM) solution that meets the buyer's needs.

Industry experts predict that 34% of all public companies will seek out and implement a contract management software solution in the next year -- and with good reason. The proven benefits of these solutions include shortened purchase and sales agreement cycle times, improved order accuracy and revenue recognition, higher contract renewal rates, and unprecedented visibility into contract terms and conditions that enables expedited regulatory compliance. However, many companies are unaware of the pitfalls associated with selecting the "right" solution and have little idea of the approach to take when considering how to automate their contract management processes. The purpose of this Webinar Series is to provide this otherwise missing information.

Following is the schedule for the Webinar Series:

Webinar #1 – "A Buyer's Guide to Contract Management Software:
 Part One – The Basics"

Date:       October 4, 2007
Time:       1:00 p.m. EDT
Presenters: Terry Nicholson, VP and GM of CLM Solutions at Selectica
            Tim Cummins, President and CEO of the International
             Association for Contract and Commercial Management (IACCM)
            Jim O’Hare, Principal Consultant at Arnav Technology Solutions

Webinar #2 – "A Buyer's Guide to Contract Management Software:
 Part Two – Building a Business Case"

Date:       October 18, 2007
Time:       1:00 p.m. EDT
Presenters: Vishal Patel, Research Analyst with Aberdeen Group
            Chris Davis, VP of Business Development at Skytide
            Terry Nicholson, VP and GM of CLM Solutions at Selectica

Webinar #3 – "A Buyer's Guide to Contract Management Software:
 Part Three – Selecting a Solution"

Date:       November 15, 2007
Time:       1:00 p.m. EDT
Presenters: Terry Nicholson, VP and GM of CLM Solutions at Selectica
            Tim Cummins, President and CEO of the International Association
             for Contract and Commercial Management (IACCM)
            Jim O'Hare, Principal Consultant at Arnav Technology Solutions

"Industry adoption rates are increasing rapidly -- and this success is reflected in the growing number of contract management software options," said IACCM's Cummins. "With growing internal and external pressure to implement a CLM solution, we are seeing a tremendous need for unbiased, hands-on information to guide companies to the right product for their specific environments. This Webinar Series will provide that information."

Each Webinar will last for one-hour and include a live Q&A session. Those wishing to participate in the Webinar can register at http://www.contractknowledge.com/buyerswebinar. Event registration is free.

About the Contract Management Knowledge Center

The Contract Management Knowledge Center (CMKC) is a repository of vendor-agnostic information and tools that help companies optimize their contract lifecycle processes and CLM investments. Offering the Contract Minds blog, executive briefings, product evaluation tools, white papers, analyst research, and the CMKC quarterly newsletter, the CMKC is currently sponsored by Selectica, Inc. (NASDAQ: SLTC). For more information, visit www.contractknowledge.com.

Contact Information: Investor Contact: Tony Rossi Financial Relations Board for Selectica 213-486-6545 Media Contact: Sam Diamond Diamond Publications 520-575-2787