N@N

Energy Services Company, Cleco, aAmpeda? to Select SciQuest for Procurement and Supplier Management

^{Published on 2011-04-26 06:11:00 - Market Wire}
 

CARY, N.C.--([ BUSINESS WIRE ])--SciQuest, Inc., (NASDAQ: SQI) a leading provider of on-demand strategic procurement and supplier management solutions, today announced that Cleco Corporation (NYSE: CNL) has chosen SciQuest to streamline its procurement processes.

"Our suite of procurement and supplier management solutions helps businesses make smarter, more cost-effective decisions when it comes to managing corporate spend."

aSciQuest technology is an excellent fit for the anew normala™ of businesses needing to do and save more with even less money,a said Stephen Wiehe, president and CEO, SciQuest. aOur suite of procurement and supplier management solutions helps businesses make smarter, more cost-effective decisions when it comes to managing corporate spend.a

Cleco Corporation is a regional energy company headquartered in Pineville, La. It operates a regulated electric utility company, Cleco Power LLC, which serves about 279,000 retail customers across Louisiana. Cleco also operates a wholesale energy business, Cleco Midstream Resources LLC. For more information about Cleco, visit [ www.cleco.com ].

About SciQuest

SciQuest (NASDAQ: SQI) is a leading provider of an integrated, web-based end-to-end eProcurement solution that enables users to realize significant efficiencies and savings on their purchases of indirect goods and services. SciQuesta™s unique industry segment expertise and innovative asource-to-settlea approach to eProcurement enables Fortune 1000 companies and organizations in the higher education, life sciences, healthcare and public sector markets, as well as other industries, to identify savings opportunities they may otherwise have missed, while improving contract management, compliance and supplier management. SciQuesta™s solutions help customers turn spending into a source of savings.

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.