Monday, February 27, 2012

Selectica and InterWorld Team Up to Deliver Enhanced Online Selling Solutions For Enterprise Commerce.

Combined InterWorld-Selectica Solution Enables Companies to Maximize

Revenues Through an Enhanced Online Selling Process

SAN JOSE, Calif., Aug. 23 /PRNewswire/ -- Selectica Inc., the industry's leading Internet selling system (ISS) provider, today announced that it has entered into a strategic alliance with InterWorld(R) Corporation (Nasdaq: INTW), a leading provider of enterprise commerce software solutions. Through the joint marketing, sales and technical agreement, the companies will deliver an integrated selling solution that increases the browser-to-buyer ratio through an intuitive selling process, resulting in enhanced customer loyalty and greater online revenues.

Selectica's ACE(TM) 4.0 ISS software brings expert sales assistance to the Internet by interactively helping online buyers to pick the products and services that precisely meet their needs. InterWorld's mission-critical Commerce Exchange solution enables manufacturers, distributors and retailers to quickly establish an enterprise commerce site that supports the entire online selling process and links online activities with those in other channels. Together, the combined InterWorld-Selectica solution provides businesses with an online store that generates more revenue for them while providing a more convenient experience for their customers. Key benefits of InterWorld Commerce Exchange and Selectica ACE 4.0 include:

* Speed-to-market. InterWorld and Selectica provide advanced built-in

functionality and graphical tools that enable companies to rapidly

deploy their enterprise commerce sites and then quickly update live

sites -- responding to business changes in "Internet time." This

enables companies to stay ahead of the Internet market curve.

* Ability to grow and evolve. Both InterWorld and Selectica software is

highly scalable to support large-scale, high-volume enterprise commerce

sites that can cost-effectively handle millions of users. The combined

software is also inherently flexible to evolve with today's ever-

changing market and technology conditions.

* Convert more browsers to buyers. InterWorld enables companies to create

interactive catalogs and personalized promotions to optimize the online

buying and selling experience. Selectica's unique needs assessment,

configuration and quotation functionality helps buyers to choose,

evaluate and compare products and services to determine the ones that

best meet their needs. Combined, the solution helps increase the

browser-to-buyer ratio and provide a convenient experience for online

buyers.

* Integrate online business with existing business processes and systems.

InterWorld and Selectica support integration between the Web commerce

site and other operational systems such as enterprise resource planning

(ERP) and manufacturing. This enables companies to deliver true build-

to-order functionality to their customers and distribution partners.

* Conduct online transactions that everyone can trust. The underlying

configuration engine of Selectica's ACE 3.0 provides unmatched accuracy

to ensure that customers are only offered valid product, service and

pricing options. InterWorld offers a robust, secure commerce platform

that supports industry-leading security technology for completing safe

online transactions.

"We are very excited to partner with Selectica, which offers world-class software for helping customers and partners choose the products and services that best meet their needs -- along with back-office integration to facilitate fast, efficient delivery," said Alan Andreini, president and CEO of InterWorld. "We've always been 100% focused on commerce and enabling our customers to maximize their online revenues. Our partnership with Selectica extends our customers' ability to convert browsers to buyers and generate more revenue, while providing their customers with a convenient online experience that encourages long-term customer loyalty."

"The promise of enterprise-scale e-commerce resides in the ability to introduce a new level of market responsiveness by extending the instant, global reach of the Internet throughout all the operations tied into selling, building and delivering products and services," said Raj Jaswa, president and CEO of Selectica. "We are thrilled to partner with InterWorld, whose industry- leading software provides the comprehensive, scalable end-to-end platform that businesses need to build high-performance enterprise commerce systems that address all phases of the selling chain."

About Selectica

Selectica, Inc. develops and markets the industry's leading Internet selling system software, which empowers customers to assess, configure and purchase products online using standard Web browsers. The 100% Java, open architecture of Selectica's ACE product suite makes it fast and simple for businesses to create, maintain and deploy e-commerce systems on their Web sites, and it inter-operates with existing legacy applications and environments to enable true build-to-order systems. Today, key customers include BMW, 3Com, ClubComputer, Fujitsu PC, Hewlett-Packard, and Samsung Electronics. Selectica is a privately held company headquartered in San Jose, California. The company's Web site is located at www.selectica.com.

NOTE: Selectica and ACE are trademarks of Selectica, Inc. InterWorld Corporation is a registered trademark of InterWorld Corporation. All other trademarks are acknowledged in the United States and other countries. All other product and company names may be trademarks of the companies with which they are associated.

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