The University of Wisconsin-Madison Selects SciQuest

  The University of Wisconsin-Madison Selects SciQuest

  Leading Research University Further Streamlines Purchasing Processes with
 SciQuest’s Cloud-based Business Automation Solutions; Creates User-friendly
              Shopping Experience for Researchers and Employees

Business Wire

CARY, N.C. -- January 15, 2013

SciQuest, Inc., (NASDAQ: SQI) a provider of cloud-based spend management
solutions, today announced that the University of Wisconsin-Madison
(UW-Madison) has selected SciQuest to automate critical business functions and
further streamline purchasing processes, gaining deeper insights into spending
and increasing overall efficiencies.

The University of Wisconsin–Madison is a leading public research university
located in Madison, Wisconsin. UW-Madison is organized into 20 schools with
29,153 undergraduate students, 8,710 graduate students and 2,570 professional
students. The University wanted to increase the number of vendors featured in
its purchasing platform, driving spend towards approved vendors to ensure
maximum savings. There are currently seven vendors on the existing platform
and the University plans to increase that number to 40 vendors by the end of
the year.

“Adding vendors to our existing purchasing system is a time-consuming and
inefficient process. With SciQuest, we can streamline this process, while
providing our faculty and employees with an easy-to-use shopping experience
that increases overall engagement as well as contract compliance,” said Mike
Hardiman, director of procurement, University of Wisconsin-Madison. “SciQuest
enables us to direct more spending through the University’s purchasing
platform. By capturing more in-depth data on spending, we can also negotiate
more strategic contracts, achieve greater savings and gain greater visibility
into the entire source-to-settle process.”

As a Wisconsin State Agency, the Department of Administration approved access
to SciQuest through its contract with the Western States Contracting Alliance,
a multi-state purchasing consortium dedicated to increasing collaboration
between states, improving strategic purchasing and expanding overall
visibility into spending. Using SciQuest, WSCA and the National Association of
State Procurement Officials are able to provide public sector employees and
suppliers with an online resource that streamlines the entire purchasing
process. SciQuest’s spend management solutions enable colleges and
universities of all sizes to automate and manage every aspect of the
procure-to-pay process, including sourcing, shopping, requisitioning and
accounts payable.

“In order to gain the maximum value from their supplier relationships and
existing contracts, it’s critical for organizations to empower employees with
the ability to easily find and purchase goods and services from preferred
vendors,” said John Fabris, vice president of higher education sales at
SciQuest. “By providing its employees with even more flexibility and a wider
range of choices, the University of Wisconsin-Madison is turning spending into
a source of savings, which helps the higher learning institution more
efficiently and effectively meet its educational goals.”

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—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:
SciQuest, Inc.
Michelle Perkins, 919-659-2228
mperkins@sciquest.com
or
Schwartz MSL for SciQuest
Keith Giannini, 1-781-684-0770
sciquest@schwartzMSL.com
or
SciQuest Investor contact:
SciQuest, Inc.
Jamie Andelman, 919-659-2322
jandelman@sciquest.com
 
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