UPDATE - Edwards Lifesciences Chooses Selectica SmartContracts(R) Solution

SAN MATEO, CA--(Marketwired - Jun 29, 2015) - Selectica, Inc. (NASDAQ: SLTC), a leading provider of contract management, supply management -- from source to pay, and configuration solutions, announced that Edwards Lifesciences chose to implement Selectica SmartContracts to manage a variety of contracts.

Edwards is the global leader in the science of heart valves and hemodynamic monitoring. Driven by a passion to help patients, the company partners with clinicians to develop innovative technologies in the areas of structural heart disease and critical care monitoring that enable them to save and enhance lives.

Selectica SmartContracts solution streamlines the entire contract lifecycle -- from contract request, authoring, negotiation, and approval, through contract execution, ongoing obligations management, amendment, and renewal. The solution's Clause Library functionality will help Edwards improve the consistency of language and terms used across its contracts to mitigate risk; while SmartContracts solution's dynamic workflow capabilities will help the company reduce contract cycle time.

"At Selectica we understand the importance of executing and managing contracts in a timely and compliant fashion, empowering our customers to maintain a positive relationship with their customers, while proactively mitigating risks, controlling costs and driving revenue," said Jeffrey Grosman, Selectica's Chief Operating Officer. "We look forward to helping Edwards Life Sciences strengthen their relationships with their clinician partners by making the contracting process easier and more streamlined through leveraging Selectica SmartContracts industry leading capabilities."

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About Edwards Lifesciences
Edwards Lifesciences Corporation (NYSE: EW) is the global leader in the science of heart valves and hemodynamic monitoring. Driven by a passion to help patients, the company partners with clinicians to develop innovative technologies in the areas of structural heart disease and critical care monitoring, enabling them to save and enhance lives. Additional company information can be found at www.edwards.com.

About Selectica, Inc.
Selectica, Inc. (NASDAQ: SLTC) is a leading provider of enterprise contract management, supply management, and configuration solutions. Since 1996, Selectica has helped global companies actively manage their contracts throughout the sales, procurement, and legal life cycle. Selectica's contract lifecycle management, strategic sourcing, and purchasing solutions drive business value by assisting organizations in managing contracts profitably, effectively accelerating revenue opportunities, and minimizing risk through compliance. Our patented technology assists customers across a myriad of industries -- including high-tech, telecommunications, manufacturing, healthcare, and financial services -- to accelerate and streamline contract management, sales processes, spend analysis, procurement intelligence, sourcing, and supplier lifecycle management. Selectica also provides a powerful configuration engine, which Fortune 500 companies use to increase revenue by facilitating the right combination of products, services, and price. For more information, please visit: www.selectica.com and www.iasta.com.

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