North Carolina Technology Association Names SciQuest Public Company of the Year

  North Carolina Technology Association Names SciQuest Public Company of the
  Year

 SciQuest recognized for sustained growth, solid operating results and stock
                              price appreciation

Business Wire

CARY, N.C. -- November 13, 2012

SciQuest, Inc., (NASDAQ: SQI) a provider of cloud-based spend management
solutions, today announced the company was named Public Company of the Year by
The North Carolina Technology Association (NCTA). SciQuest was honored with
the award at NCTA’s annual 21 Awards Gala on November 8.

The NCTA 21 Awards is North Carolina's only statewide technology awards
program, recognizing companies and individuals who have characterized
excellence, innovation and leadership in 21 categories. The Public Company
award recognizes a technology company with sustained growth, solid operating
results and stock price appreciation. Other finalists in the Public Company
category with SciQuest included Accenture, Cisco, Lenovo and Red Hat.

“We are honored to receive NCTA’s Public Company of the Year award,” said
Stephen Wiehe, president and CEO of SciQuest. “SciQuest has had an outstanding
year in which we have continued to add a significant number of technology
jobs, while also adding to our product portfolio with new and enhanced
solutions in Accounts Payable, Contract Management and Spend Analysis. North
Carolina is a great state for the technology sector, and we’re pleased to play
a role in that innovation.”

“Since 1995, the NCTA 21 Awards has honored excellence and innovation
throughout North Carolina, representing the best and brightest,” said Brooks
Raiford, president and CEO of NCTA. “As a winner, SciQuest has distinguished
itself as one of the state’s technology leaders and we are proud to recognize
them as a winner of the Public Company award.”

This latest recognition caps off a year of consistent growth, as SciQuest has
expanded its employee base both organically and with the acquisition of two
companies, Upside Software in July and Spend Radar in September. For more
information on current career opportunities, please visit:
http://www.sciquest.com/careers/.

About SciQuest

SciQuest’s (NASDAQ: SQI) easy to use solutions help contract management,
procurement, and accounts payable professionals make daily operations
efficient through smart automation, and turn the focus on more strategic
decisions that impact the bottom line. With unmatched visibility into
spending, combined with the Power of Q — the Company’s unique combination of
products and support — SciQuest provides organizations with a strategic
approach to spend management, improving bottom-line results.

To join the conversation, please visit our blog, The Open
Kitchen—http://www.sciquest.com/blog/ or follow us on Twitter @SciQuest.

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.

Contact:

SciQuest Media contacts:
Michelle Perkins, 919-659-2228
mperkins@sciquest.com
or
Schwartz MSL for SciQuest
Keith Giannini, 1-781-684-0770
sciquest@schwartzMSL.com
 
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