Gartner names Selectica/IASTA as a visionary in Strategic Sourcing
Gartner names Selectica/IASTA as a visionary amongst vendors with global enterprise capabilities in its latest Magic Quadrant for Strategic Sourcing Application published in February 2015.
- (1888PressRelease) March 04, 2015 - Selectica, Inc. (NASDAQ: SLTC), a leading provider of contract management, supply management, and configuration solutions, has been acknowledged as a Visionary in the latest Magic Quadrant for Strategic Sourcing Application, published by Gartner, February 2015.
This year, Gartner adjusted the criteria to focus on vendors with global enterprise capabilities, which resulted in several vendors being dropped from the Magic Quadrant. Selectica Chief Strategy Officer Patrick Stakenas commented, "We are proud to be recognized by Gartner as a Visionary in the latest report; we are well underway with the integration of IASTA technology and have completed the operational integration effort." Since Selectica and IASTA united seven months ago, the two pioneers in enterprise technology have worked hard to develop and combine best-of-breed enterprise solutions to offer its customers.
A Visionary must be aware of current and future market and technology trends, customer needs, and competitive forces. Ultimately, they should demonstrate their understanding and deliver on the vision. "By integrating contract management with supply management we provide visibility into previously unseen information," Patrick Stakenas continued, "enabling clients to holistically view their processes, proprietary data, and business agreements to discern unidentified opportunities. Our focus now is to deliver solutions that drive collaboration and intelligence to the whole enterprise."
"The value we bring to the market from our newly expanded company is significant," said President and CEO Blaine Mathieu. "We believe our business is about more than just generating revenue, it's about leveraging our skilled team and robust product suite to grow and deepen our customer relationships to deliver more for our customers."
Blaine Mathieu adds, "Selectica has demonstrated solid billings, with significant deferred and recurring revenue growth. 3Q FY 2015 was our second consecutive quarter of billings growth. We are on track to see our investments and efforts rewarded as new products and solutions are scheduled to launch in 2015."
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