Selectica Names James Pardee as Interim CFO

Selectica (NASDAQ:SLTC), a leading provider of enterprise contract lifecycle management and sales configuration solutions, today announced that James Pardee has been named interim Chief Financial Officer and will start with the company immediately. Mr. Pardee brings more than 25 years of experience to Selectica, having worked with a variety of high-technology companies throughout Silicon Valley. Mr. Pardee has a proven track record in managing rapid-growth companies. He will report to Selectica’s CEO, Robert Jurkowski. "Jim’s extensive experience in technical accounting and financial management for high-tech companies will prove a valuable asset for Selectica as we continue to map out our growth strategy,” said Robert Jurkowski, Chairman and CEO of Selectica. "We are confident that Jim will provide invaluable corporate counsel and I look forward to working with him and drawing from his expertise.” Mr. Pardee is a partner and co-founder of FLG Partners, LLC, of Palo Alto, Calif., a CFO and board advisory firm that specializes in providing experienced C-level and Board-level financial leadership to both public and private companies. He has served as interim CFO for three of FLG Partners’ client companies over the last few years. Prior to forming FLG Partners, Mr. Pardee served as CFO of Alpha Innotech Corporation, a genomic tools company providing signal detection and digital imaging support for Life Sciences applications. He also has worked as CFO for Microbar, Verifone, GammaLink, Personal CAD Systems/CADAM Inc., and was co-founder and CFO of Applied Biosystems, Inc. A commissioned officer in the United States Navy, Mr. Pardee holds an MBA from Harvard Business School and a Bachelors degree in Electronic Engineering from Purdue University. About Selectica, Inc. Selectica (NasdaqGM:SLTC - News) provides its customers with software solutions that automate the complexities of enterprise contract management and sales configuration lifecycles. The company's high-performance solutions underlie and unify critical business functions including sourcing, procurement, governance, sales and revenue recognition. Selectica has been providing innovative, enterprise-class solutions for the world's largest companies for over 10 years and has generated substantial savings for its customers. Selectica customers represent leaders in manufacturing, technology, retail, healthcare and telecommunications, including: ABB, Ace Hardware, Bell Canada, Cisco, Covad Communications, General Electric, Fireman's Fund Insurance Company, Hitachi, International Paper, Juniper Networks, Levi Strauss & Co., Rockwell Automation, Tellabs, and 7-Eleven. Selectica is headquartered in San Jose, CA. For more information, visit the company's Web site at 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 fluctuations in demand for Selectica’s products and services; changes to economic growth in the U.S. economy; 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, and other reports filed by the Company with the Securities and Exchange Commission.