Selectica Enters Into Agreement to Acquire Iasta - Selectica Company News

San Mateo, CA (PressExposure) June 20, 2014 -- Of all the assets that make up your company's value, business relationships may just hold the most potential for driving that value to ever-higher levels. Since the core of every business relationship is a contract, the better you manage your contracts, the stronger you build and optimize those relationships. That's what makes the Selectica/Iasta combination so important for enterprises.

A New Era for B2B Relationship Management

Our vision is to provide a platform for enterprises to manage and optimize their business relationships--from strategic sourcing to enterprise legal management to sales. With Iasta on board, you've got the unparalleled suite for upstream procurement solutions available today.

That's critical. From a pure business perspective, strategic sourcing and procurement are major stakeholders in driving revenue by controlling costs, and mitigating risk by knowing where overspending, undercharging and over-exposure exist. Because procurement contracts touch all areas of an enterprise, vendors must be carefully evaluated, relationships closely managed and a ton of analysis done to ensure enterprise spend is optimized.

Merging Selectica's vision with Iasta's capabilities achieves a new industry standard. A blend of software and services designed not for tactical, short-term fixes, but to transform procurement into a strategic enterprise function that turns intelligence into wisdom, reducing friction in the sourcing process and helping you make better business decisions. In short, empowering you to be proactive rather than reactive.
Here's how:
Turns decision making into a collaborative activity to gain insight and solve business problems faster and better on a dynamic platform
By focusing on quality and process improvement we help customers derive a competitive advantage through scalable, turn-key solutions
Accelerated and streamlined project scoping and project management achieve exceptional business results that shorten time-to-value realization
By combining best-in-class technology focused on strategic sourcing, business intelligence, spend analysis, supplier management with leading contract management solutions, we're positioning you to better manage business relationships to deliver on the ROI critical for enterprise transformation.

Together, we provide an industry-leading platform for enterprise customers to create, manage, and optimize their contracts, and our vision is to extend Selectica's contract management solutions to deliver more B2B relationship management support for customers and partners.
--Blaine Mathieu, CEO, Selectica

As Iasta begins a new journey within Selectica, our goal still remains simple, yet bold: continue defining the vision of modern procurement by effectively managing the supplier and contractual relationships that bind them.
--David Bush, CEO, Iasta

About Selectica

2121 El Camino Real, 10th Floor
San Mateo, California 94403

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Press Release Submitted On: June 20, 2014 at 7:00 am
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