SciQuest and eMolecules Announce Partnership to Deliver Market-Leading
Reagent Management Solution
Partnership streamlines research sourcing with comprehensive catalog of more
than 200 specialty building-block suppliers
CARY, N.C. & SOLANA BEACH, Calif. -- April 02, 2013
SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation
solutions, and eMolecules, creator of the industry’s most powerful compound
sourcing platform, announced today a partnership to make available eMolecules’
catalog of in-stock molecular building blocks within SciQuest’s Enterprise
Reagent Manager (ERM) platform. ERM users can now directly and seamlessly
purchase in-stock molecular building blocks via eMolecules’ market-leading
SciQuest’s Enterprise Reagent Manager is a procurement-focused chemical
inventory solution used by seven of the world’s top 10 life science
organizations and leading higher education institutions. The eMolecules
catalog integrates seamlessly into ERM’s “one-stop-shop,” allowing researchers
to review all available inventory and catalog sourcing options with a single
“Traditionally, due to hundreds of small specialty suppliers, searching and
sourcing of molecular building blocks is expensive and time consuming for
researchers,” said Tom Russell, General Manager, SciQuest Enterprise
Solutions. “Purchasing and delivery are also subject to high costs, delays and
quality issues. Through this integration with eMolecules, ERM customers gain
instant access to building blocks that are available and ready to be shipped,
resulting in significant time and cost savings.”
“As the new go-to data source for ERM, eMolecules aims to deliver significant
time and cost savings to SciQuest’s customers while providing reliable
sourcing and delivery of their building blocks,” said Niko Gubernator, PhD,
eMolecules has curated data for 650,000 in-stock and verified building blocks
from its supplier network, and the continuously updated hosted catalog ensures
accurate availability information from suppliers. Researchers save significant
time in finding and acquiring the compounds they need, and the organization
saves money via discounts eMolecules has negotiated.
SciQuest’s ERM solution with the eMolecules integrated catalog offers
significant benefits for any organization performing chemical research:
*Reuse of in-house inventory provides faster access to chemicals and
reduces purchase, carrying, and disposal costs of redundant inventory by
as much as 15 percent of annual chemical spend.
*Use of preferred suppliers enhances contract compliance and reduces
purchase costs by as much as 10 percent of annual chemical spend.
*EHS and regulatory approvals, tracking, and reporting built into the
process improve compliance and inventory accuracy.
*Streamline all chemical inventory capture and tracking activities to
reduce data entry, errors and overhead.
To learn more about how SciQuest’s ERM solution and eMolecules, join us for a
webinar on April 17 titled “Purchasing for Research.”
eMolecules was founded by scientists for scientists in 2005 with one goal in
mind: reduce drug discovery timelines through improved efficiencies.
eMolecules has built a powerful chemical search engine combined with
customized online ordering and integrated logistics to source screening
compounds and building blocks from over 200 suppliers. The result is an
improved compound acquisition workflow that brings benefits to all types of
organizations: with 9 out of 10 large pharmaceutical companies, 4 out of 5
large biotech firms, and dozens of small biotech and academic groups working
with eMolecules. For more information, visit www.emolecules.com
With a reputation for deep domain knowledge, a solid customer-driven
portfolio, and industry-leading customer satisfaction, SciQuest (NASDAQ: SQI)
is the largest public provider of cloud-based business automation solutions
that turn spending into a source of savings. SciQuest solutions enable greater
visibility and compliance organization-wide to help you gain control, optimize
efficiencies, and reduce spend. These cloud-based solutions are easier to
implement and proven to deliver measurable, sustainable value with SciQuest’s
high-touch support, analysis and automation.
To join the conversation, please visit our blog, The Open Kitchen – or follow
us on Twitter @SciQuest.
SciQuest Media contact:
Michelle Perkins, 919-659-2228
fama PR for SciQuest
Dan Gaffney, 617-986-5036
SciQuest Investor contact:
Jamie Andelman, 919-659-2322
Niko Gubernator, 858-764-1941
Press spacebar to pause and continue. Press esc to stop.