Summary of SELECTICA INC - Yahoo! Finance

Entry into a Material Definitive Agreement, Completion of Acquisition or Dispositio

Item 1.01. Entry into a Martial Definitive Agreement.

On April 6, 2009, Selectica, Inc. (the "Company") issued a press release announcing the sale of its equity stake in Selectica India Pvt. Ltd. ("Selectica India") to DAX Partners LP, an entity affiliated with Trinity Management, LLC. Selectica India managed and operated the Company's assets in India, which remained after the Selectica India ceased being a development and support center for the Company's configuration business. The sale was consummated on March 31, 2009, with the Company receiving $4.0 million in cash in exchange for its equity stake in Selectica India. $1.0 million of the purchase price will remain in escrow pending completion of the sale. The Company will report a one time gain from the sale of $1.6 million in the quarter ended March 31, 2009. The sale is not expected to have a material impact on either operating income or expenses going forward.

Item 2.01. Completion of Acquisition or Disposition of Assets.

The Company's Disclosure in Section 1.01 of this Report is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibit.

Exhibits



Exhibit          Description

Exhibit 10.38    Share Purchase Agreement, dated March 31, 2009, between Selectica,
                 Inc. and DAX Partners, LP.

Exhibit 99.1     Press Release of Selectica, Inc., dated April 6, 2009.