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Mike Mothersbaugh Joins Selectica as Executive Vice President of Worldwide Sales
Veteran Sales Leader Brings Extensive Configure-Price-Quote (CPQ) and Customer Relationship Management (CRM) Industry Experience
By: Marketwire .
Dec. 13, 2012 03:00 PM
SAN MATEO, CA -- (Marketwire) -- 12/13/12 -- Selectica, Inc. (NASDAQ: SLTC), provider of software that accelerates sales cycles and streamlines contract processes, today announced the appointment of Mike Mothersbaugh as its new Executive Vice President of Worldwide Sales.
"Mike has firsthand insight into the rapidly increasing market potential for configure-price-quote (CPQ) software across companies of all sizes," said Selectica President and CEO Jason Stern. "His extensive industry knowledge and sales expertise will be a huge asset as we continue to penetrate new markets and expand our sales configuration and contract management product offerings to a broader range of companies. I'm thrilled to welcome such an accomplished sales leader to the Selectica team."
Prior to joining Selectica, Mothersbaugh served as Global Account Director at salesforce.com, where he managed a global team's activity for one of Salesforce's largest accounts and had an up-close view of the importance of CPQ in the broader customer relationship management (CRM) landscape. Previous sales leadership roles at Oracle and Siebel also immersed Mothersbaugh deeply in the CPQ space, providing him with the precise combination of industry expertise and functional skills that position him well to lead sales efforts at Selectica.
At Selectica, Mothersbaugh will be responsible for all North American field sales, global sales, strategic accounts, and sales operations. One specific objective will be to increase the understanding of the value of patented Selectica configuration and contract management technology among several key segments. Those segments include a number of companies within the Salesforce ecosystem as well as organizations in 20+ targeted industries that could benefit from implementing a system that not only streamlines the configure-price-quote process, but also closes the loop on deals by managing and connecting ensuing contract processes.
"You'd be amazed at the number of Fortune 100 companies that have multiple, standalone CPQ systems or rely strictly on spreadsheets or other antiquated methods to do their quoting, so you can only imagine what's happening in companies without as many resources," said Mothersbaugh. "In my opinion, the rock-solid technology behind Selectica Guided Selling, which combines our patented CPQ and contract management solutions, is the 'secret sauce' that can help these companies bridge the gap between quote to cash. I'm excited to get started communicating this value to all the businesses out there that are missing out on the revenue potential."
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