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SciQuest Named a Recipient of Supply & Demand Chain Executivea?s 2010 Green Supply Chain Awards

^{Published on 2010-11-15 06:10:17 - 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 it was selected by Supply & Demand Chain Executive as a recipient of a 2010 Green Supply Chain Award. SciQuest was recognized for the functionalities offered in its on-demand eProcurement Solutions, which enable procurement leaders to easily select environmentally-friendly products and services, consolidate orders, funnel spending to green suppliers and develop reports to track the success of green procurement initiatives.

"Procurement organizations are ideally qualified to transform green ideals into real fiscal policies and business practices that further sustainability goals"

aProcurement organizations are ideally qualified to transform green ideals into real fiscal policies and business practices that further sustainability goals,a said Stephen Wiehe, president and CEO of SciQuest. aOur customers in education, government, healthcare and the life sciences demonstrate every day that sustainability starts with purchasing. The importance of what you buy and who you spend your money with cannot be overemphasized in any effort to do business in an environmentally friendly manner.a

Capabilities in SciQuesta™s eProcurement solutions make it easy for customers to highlight and flag green alternatives in buyersa™ search results, based on a range of criteria such as [ Energy Star® ] certifications and preferred suppliers that use recycled packaging materials. And robust reporting capabilities allow customers to track their progress against sustainability goals.

aThe solution and service providers included in the Green Supply Chain Awards this year truly showed their leadership and commitment to helping their customers deliver on green initiatives and sustainability goals,a said [ Andrew K. Reese ], editor of Supply & Demand Chain Executive. aSciQuest showed its leadership not only in offering functionality in its products that support customers in their sustainability efforts, but also through its participation in external initiatives that support and contribute to green procurement best practices overall.a

For the second year in a row, SciQuest has partnered with the [ National Association of Educational Procurement ] to conduct the Green Procurement Survey among leading U.S. colleges and universities. The survey serves as a benchmark to gauge the application and execution of sustainable purchasing practices in higher education a" a market that will be pivotal in fostering the green procurement training tomorrowa™s supply chain leaders need. Notably, this yeara™s survey found that the economic downturn did little to slow the adoption of green procurement programs.

The Green Supply Chain Awards recognize providers of supply chain solutions and services that are assisting their customers in achieving measurable sustainability goals and companies that are making green or sustainability a core part of their supply chain strategy, and are working to achieve measurable sustainability goals within their own operations and/or supply chains, in the areas of Sourcing/Procurement, Fulfillment/Logistics, Operations, Product Lifecycle Management, and other areas of the supply chain.

To learn more about the winners of the 2010 Green Supply Chain Award, visit [ www.SDCExec.com ].

About Supply & Demand Chain Executive

Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web at [ www.SDCExec.com ].

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 888-638-7322in 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.