Business Services Industry
ROME Corporation and Selectica Ink OEM Deal to Extend Integrated Contract Compliance and Risk Management Platform; Agreement Broadens Solution to Address Counterparty, Collateral and Contract Management Requirements in the Highly Regulated Energy Sector
Business Wire, Dec 1, 2005
SAN JOSE, Calif. & AUSTIN, Texas -- Selectica, Inc. (Nasdaq:SLTC), a leading provider of sales execution and contract management applications, and ROME Corporation, a leading provider of global risk management solutions, today announced they have signed an OEM agreement. The agreement allows ROME to embed strategic components from Selectica's Contract Performance Management into its flagship CreditRisk solution to provide the energy industry with a single unified platform for improving financial accountability, risk management and contract performance.
Increased corporate governance reporting requirements and financial controls have affected companies of all sizes and industries. For corporations in the energy sector, including energy trading and oil companies, the need for a comprehensive, enterprise-wide solution for mitigating risk is intensified due to the complex, dynamic nature of their operations. The OEM partnership extends ROME and Selectica's abilities to serve the unique needs of the energy industry by providing the tools to accurately understand and assess the risks and opportunities of all active business relationships, and enforce a consistent set of controls across all locations and lines of business.
"Extending our CreditRisk software with Selectica's core contract management components is a natural marriage of two powerful applications that together will give the energy community an unprecedented level of insight into and control over critical business processes, all from a single platform," said David Achim, executive vice president of operations, ROME Corporation. "We already are pursuing opportunities with our current roster of customers as well as many new prospects who immediately see the competitive advantages such a solution will provide them."
"ROME's domain expertise in working with top-tier energy-sector companies gives Selectica penetration into an industry that is financially healthy, highly regulated and inherently complex -- making it the perfect target for our joint offering," said James Dias, vice president of worldwide marketing and sales, Selectica.
About ROME Corporation
Serving the Global 2000, ROME Corporation is an enterprise software company delivering integrated risk and opportunity management solutions. ROME's CreditRisk and OpRisk products extend the historical analysis offered by traditional Enterprise Resource Planning (ERP) solutions to enable corporations to identify risks and capitalize on previously undiscovered opportunities. ROME's solutions focus on providing the tools and real-time visibility necessary to help reduce financial risk; to comply with the regulatory requirements for Sarbanes-Oxley, Basel II, Solvency II and other governing legislation; and to ensure the business visibility required for effective and accountable executive decision-making.
Founded in 2001, ROME Corporation is privately held, with investments from Azure Capital Partners and Powershift Ventures L.P. The company is based in Austin, Texas, with a sales and services office in Houston, and can be reached at 512-347-3200 or www.romecorp.com.
About Selectica, Inc.
Founded in 1996, Selectica (Nasdaq:SLTC) provides high performance enterprise software that enables customers to manage and sell complex offerings, and ensure compliance. The company's solutions are used to simplify, integrate and accelerate product lifecycle management, order configuration, quoting and contract management.
Selectica customers represent global manufacturing and service leaders including: 7-Eleven, ABB, Alcoa, Applied Bio Systems, Bell Canada, Cisco, Dell, General Electric, Fireman's Fund Insurance Company, Hitachi, International Paper, Juniper Networks, Rockwell Automation, Seton Hospital, Time Warner and Triad Hospitals. Selectica is headquartered in San Jose, CA. For more information, visit the company's Web site at www.selectica.com.
Forward Looking Statements
The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding Selectica's and its customers' expectations, beliefs, hopes, intentions or strategies regarding the future and expectations regarding performance improvements or increases in sales attributable to Selectica's existing and new products. All forward-looking statements included in this document are based upon information available to Selectica as of the date hereof, and Selectica assumes no obligation to update any such forward-looking statement. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, market and customer acceptance of new products of Selectica, the success of the ongoing restructuring of Selectica's operations, potential customer and employee disruption due to the unsolicited proposal from Trilogy, Inc. and other factors and risks discussed in Selectica's Annual Report on Form 10-K for the fiscal year ended March 31, 2004 and in other reports filed by Selectica with the Securities and Exchange Commission.
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