SDCExec.com |

San Jose, CA — January 23, 2007 — Covad Communications Group Inc. has deployed Selectica's Contract Performance Management solution to maximize financial and operational performance and minimize risk throughout the entire contract lifecycle. Covad said it hopes to streamline contract management, ensure continued compliance with federal regulations, and achieve the visibility and control needed to effectively manage strategic business commitments.

Covad is a provider of integrated voice and data communications in the United States, offering business-class broadband, voice over IP and fixed wireless broadband solutions to business customers and industry-leading partners. Covad implemented Selectica's contract lifecycle management solution to improve its management of the hundreds of different agreements it executes each year. These agreements range from software development, equipment purchases, real estate leases, software purchases and consulting agreements, to a variety of sell-side contracts with resellers and other strategic channel partners. The company said it hopes to streamline contract management, ensure continued compliance with federal regulations, and achieve the visibility and control needed to effectively manage strategic business commitments.

"Traditionally, the legal department supported contact management activities primarily through manual methods," said Jim Kirkland, senior vice president, strategic development and General Counsel for Covad Communications. "As the company adds new products and enters new markets, it has become apparent that these manual processes are too time-consuming and could have a negative impact on business performance. We reviewed a number of different vendors and Selectica had the best combination of features, flexibility, value and ease of deployment to help us meet our current challenges and future goals."

Selectica's centralized online contract repository immediately provides Covad the ability to search, track, store and manage contractual obligations and terms. The secure, dynamic repository simplifies collaboration and manages a wide range of contract information, including document versioning, user activities, comments/notes, file attachments, and a detailed audit log that will ensure Covad remains compliant with Sarbanes-Oxley (SOX) regulations.

Selectica said its reporting functionality delivers insight into company commitments by allowing business users to quickly build custom queries and generate reports to analyze contract performance and compliance activities.

Finally, Selectica's extensible architecture will allow Covad to integrate contracts with its back-end ordering, billing, accounts-payable and PO systems in the future, Kirkland said.

Selectica offers a flexible solution for managing the full range of enterprise contracts, including sales, service-level agreements, employment, purchasing, operations, leasing and intellectual property agreements. The software platform ensures compliance by automating and streamlining the creation, storage, management and analysis of contracts — from initial contract request and negotiation to on-going compliance and performance management.