Determine, Inc. – New Brand for Selectica, Inc. Combines Three Industry Leaders Under One Brand
Three legacy ‘Gartner visionary’ companies, Selectica, Iasta, and b-pack, come together under one platform, one brand, and one brand promise: Vision. Insight. Control.™
San Mateo, CA, October 19, 2015 – Selectica, Inc. (NASDAQ: SLTC), a leading global provider of SaaS enterprise contract lifecycle management, strategic sourcing, supplier management, and procure-to-pay solutions has launched a global rebrand to Determine™ (NASDAQ: DTRM) effective today.
Over the past two years, Selectica has been actively transforming its business model through the key acquisitions of Iasta and b-pack. The company has evolved from a predominantly contract lifecycle management (CLM) solutions provider, to a leading strategic sourcing and procure-to-pay powerhouse, with the addition of enterprise contract lifecycle management and robust business analytics. Today, Determine now integrates these acclaimed ‘visionary’ Gartner Magic Quadrant solutions and four collective decades of business acumen onto one platform as part of a unified brand with a single customer promise.
“The new Determine brand perfectly encapsulates the business and M&A strategy that we’ve been successfully executing the last two years. Customers will now have access to the enormous potential created by the deep synergies, innovations, capabilities, and experience of the three combined entities,” explains Patrick Stakenas, President and Chief Executive Officer at Determine. “It’s about solving real business problems and bringing together a new generation of innovative strategic sourcing, procure-to-pay and enterprise contract lifecycle management solutions supported with powerful business analytics. This allows enterprise customers to manage their close-looped processes with new vision, insight, and control and make calculated decisions that drive critical business results.”
“Determine means ‘delivering conclusions through analysis’. Determine’s solutions empower our customers with a new level of visibility and execution into their previously unseen proprietary data, enabling them to turn their newfound insights into actionable intelligence. These insights enable our customers to make decisions which will deliver bottom-line business value; mitigate risks; control costs; and drive new revenue,” said Jeffrey Grosman, Chief Operating Officer at Determine. “With Determine, customers can make smarter, more informed decisions like never before, with one platform, one brand, and one promise: Vision. Insight. Control.”
Determine understands that businesses today are resource constrained. They must reduce costs and drive new revenue while investing in technology and solutions that not only deliver value, but also allow for timely, fact-based decision-making. Customers who are determined to succeed can achieve newfound clarity around their proprietary data through an intuitive, user-centric experience, and with clarity comes confidence in decision-making.
The new brand identity and promise reflects Determine’s commitment to provide best in class enterprise contract lifecycle management, strategic sourcing and procure-to-pay software. Whether companies are interested in beginning with a single strategic solution or implementing our unified platform, Determine provides business solutions to deliver real bottom-line value across the supply management spectrum in enterprise contract lifecycle management, eSourcing, eProcurement, spend analysis, procure-to-pay, invoicing, and catalog management. More details can be found at www.determine.com.
Certain statements in this release and elsewhere by Determine are forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements regarding business outlook, assessment of market conditions, anticipated financial and operating results, strategies, product and channel development, 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 Determine’s products and services, risks of losing key personnel or customers, protection of the company’s intellectual property and government policies and regulations, including, but not limited to those affecting the company’s industry. Determine 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 as filed by the company with the Securities and Exchange Commission.
Corcentric is a global provider of business spend management and revenue management software and services for mid-market and Fortune 1000 businesses. Corcentric delivers software, advisory services, and payments focused on reducing costs, optimizing working capital, and unlocking revenue. To learn more, please visit corcentric.com.