Selectica Inc: Key Developments
Selectica, Inc. Names Todd A. Spartz As CFO
August 24, 2009 |
| Selectica, Inc. announced Todd A. Spartz has been appointed Chief Financial Officer (CFO), effective September 14, 2009. Richard Heaps, the Company's current Chief Financial Officer and General Counsel, will continue to work with the Company to assist with a smooth transfer of his responsibilities to Spartz. |
United States Pharmacopeial (USP) Conventionto Implement Selectica, Inc.'s Contract Lifecycle Management Solution
July 1, 2009 |
| Selectica, Inc. announced that the United States Pharmacopeial (USP) Convention, a nonprofit standards-setting organization that advances public health, has chosen to implement Selectica Contract Lifecycle Management. Full rollout of the Selectica solution across the organization is expected in 90 days. |
Selectica, Inc. Announces New Contract Lifecycle Management Solution
April 23, 2009 |
| Selectica, Inc. announced the immediate availability of a new solution that leverages EMC Documentum enterprise content management and business process management technologies. |
Selectica, Inc. Announces Sale of Indian Subsidiary
April 6, 2009 |
| Selectica, Inc. announced that it has entered into an agreement to sell its equity in Selectica India Pvt. Ltd. (Selectica India) to DAX Partners LP, an entity affiliated with Trinity Management LLC, a New York-based investment fund with a core strategy of making infrastructure and other investments in India. As a result of the sale, which was consummated on March 31, 2009, Selectica received $4.0 million in cash in exchange for its ownership interest in Selectica India. |
Selectica, Inc. Announces Lawsuit Over Rights Plan
December 23, 2008 |
| Selectica, Inc. announced that it has filed a lawsuit against Versata Enterprises, Inc. and Trilogy, Inc. in the Delaware Court of Chancery seeking a determination as to the validity of the terms of its shareholder rights plan, as amended on November 17, 2008. Selectica filed the lawsuit in response to defendants' statements questioning the validity of the amended rights plan as well as recent trading volumes raising issues as to whether the rights plan has been triggered. The Company has also asked the Court to expedite the proceedings. |
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