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New University and Mid-Size Colleges Go aLivea with SciQuest Solutions

^{Published on 2010-10-11 06:10:51 - Market Wire}
 

CARY, N.C.--([ BUSINESS WIRE ])--[ SciQuest, Inc ]. (NASDAQ: SQI), a leading provider of on-demand [ strategic procurement ] and [ supplier enablement ] solutions, today announced eight additional universities going live with SciQuest eProcurement solutions.

"We no longer have the problem of people ordering the same product from different suppliers at various price levels, and we now have the ability to negotiate competitive prices. Overall, wea™ve become more efficient and strategic in our spending."

Customers that deployed and began using SciQuest this year include [ Bowling Green State University ], [ Case Western Reserve University ], [ HACC - Central Pennsylvania's Community College, ][ University of Kansas ], [ Texas A&M ], [ Tulsa Community College ], [ the University of North Carolina Wilmington ] and [ Xavier University ]. Bowling Green is utilizing the SciQuest Consortium Community to participate in a collaborative purchasing environment with the Inter-University Council of Ohio.

aIn the short time wea™ve been using SciQuest, wea™ve seen a dramatic change in the way we manage our spending and order supplies,a said Thomas J. Fogarty, Executive Director, Procurement and Business Services, HACC-Central Pennsylvania's Community College. aWe no longer have the problem of people ordering the same product from different suppliers at various price levels, and we now have the ability to negotiate competitive prices. Overall, wea™ve become more efficient and strategic in our spending.a

HACC, Tulsa Community College, UNC Wilmington and Xavier University are leaders among smaller, amid-tiera schools in demonstrating how smaller schools can save money and automate procurement processes by using SciQuest.

aWith universities of all sizes facing budget shortfalls and spending limits, choosing to automate and streamline procurement with SciQuest is as much of a common sense decision as it is a strategic decision,a said Julie Hepner, Higher Education Market Director, SciQuest. aAt the end of the day, we help our customers purchase the same items for less money. That kind of savings resonates with universities of any size.a

About SciQuest

SciQuest provides a leading on-demand strategic procurement and supplier enablement solution that integrates customers with their suppliers to improve procurement of indirect goods and services. Our on-demand software enables organizations to realize the benefits of strategic procurement by identifying and establishing contracts with preferred suppliers, driving spend to those contracts and promoting process efficiencies through electronic transactions. Using our managed SciQuest Supplier Network, our customers do business with more than 30,000 unique suppliers and spend billions of dollars annually.

Our current target markets are higher education, life sciences, healthcare and state and local governments. We tailor our solution for each of the vertical markets we serve by offering industry-specific functionality, content and supplier connections. We serve more than 165 customers operating in 16 countries and offer our solution in five languages and 22 currencies.

SciQuest is a registered trademark of SciQuest, Inc. Other trademarks contained herein remain the property of their respective owners.

For more information about SciQuest, please visit [ www.sciQuest.com ] or call 888-638-7322 in the U.S. or +44 1794 341182 in Europe.

Cautionary Note Regarding Forward-Looking Statements

Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the "Risk Factors" section of our Registration Statement on Form S-1 and other required reports, as filed with the SEC, which are available free of charge on the SEC's website at [ http://www.sec.gov ] or on our website at [ www.sciquest.com ]. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These forward-looking statements speak only as of the date hereof, and we undertake no obligation to update, amend or clarify any forward-looking statement for any reason.