SciQuest Powers eMarket Center for WSCA – NASPO Cooperative Purchasing Organization

  SciQuest Powers eMarket Center for WSCA – NASPO Cooperative Purchasing
  Organization

 Participating States Combine Purchase Power for Collaborative Spending, Cost
                                  Reductions

Business Wire

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

SciQuest (NASDAQ: SQI) today announced that the company’s leading cloud-based
business automation solutions are powering the newly established WSCA-NASPO
eMarket Center, an electronic commerce solution for the WSCA–NASPO Cooperative
Purchasing Organization, as the platform for its multi-state purchasing
consortium. Last year, the National Association of State Procurement Officials
(NASPO) formed a subsidiary entity, the WSCA-NASPO Cooperative Purchasing
Organization, LLC to manage its national cooperative purchasing program.
Participating WSCA–NASPO states and entities are using the eMarket Center to
capitalize on discounted cooperative contracts already in place. The eMarket
Center not only centralizes the WSCA-NASPO contractors’ catalogs and provides
visibility to contractors’ Master Agreements; it also allows states and
entities to have tremendous transparency into spending practices.

The eMarket Center streamlines the overall purchasing process. As a result,
states are able to significantly improve contract compliance and access to
readily available contract items, thereby driving greater contract usage.

The eMarket Center was pilot tested by the states of Utah and Nevada; these
states were also the first states to go live in June of 2012. Since going live
last year, several other states have enrolled to utilize the eMarket Center:
Maine, Arkansas, Montana, New Mexico and Oklahoma. Maine went live in January
of 2013 and the other four state’s State eMarket Center Coordinators are being
trained to go live in staged rollouts during the next several months. Along
with direct state interest, several entities who currently utilize SciQuest
have requested to inherit the WSCA-NASPO cooperative contractor’s catalogs via
the eMarket Center directly in their own SciQuest solution, thus greatly
increasing the user adoption and visibility of the WSCA-NASPO cooperative
contracts. This inheritance model represents a best-in-class deployment model
for the cooperative while helping WSCA-NASPO realize a continually rising
return on their eMarket Center investment.

“The eMarket Center will fundamentally improve the way many of our states buy
from our cooperative contracts,” said Doug Richins, WSCA–NASPO CEO.
“Purchasing is a significant function in the government sector. Now instead of
spending hour after hour on hundreds of sites looking for the best deals,
procurement officials have a single, user-friendly destination and can make
quicker, more efficient and cost-effective decisions. With more effective and
efficient assess to our cooperative contracts, States and other public sector
organizations will see direct benefits.”

Access to the eMarket Center provides state procurement officials with
transparency into all WSCA–NASPO Cooperative contracts, ensuring significant
cost savings resulting from combined purchasing power. Users can also reliably
track spend electronically instead of waiting for vendor quarterly sales
reports. The eMarket Center has been a great step forward for WSCA-NASPO and
their continued efforts to support best practices in terms of procurement and
contract utilization.

For more information on the WSCA–NASPO eMarket Center, please visit
www.emarketcenter.org.

About WSCA-NASPO Cooperative Purchasing Organization

The National Association of State Procurement Officials (NASPO) has formed a
subsidiary entity, the WSCA-NASPO Cooperative Purchasing Organization
(WSCA-NASPO), LLC to manage its national cooperative purchasing program. The
LLC was formed in October of 2012 and began operating officially on January 1,
2013.

A 21-member Management Board has been appointed to oversee the operations and
activities of the new organization.

Since 1993, the Western States Contracting Alliance (WSCA) served as the
primary cooperative purchasing arm of NASPO and encouraged, fostered, and
guided participating members to work collaboratively in an effort to create
true procurement cooperatives. WSCA-NASPO represents a unified,
nationally-focused cooperative purchasing program that will leverage the
collective expertise and experience of WSCA and NASPO, aggregate the demand of
all 50 states, the District of Columbia and the five organized territories,
and their political subdivisions and other eligible entities, and help spur
innovation and competition in the marketplace.

All authorized governmental entities in any state are welcome to use
WSCA-NASPO cooperative contracts with the approval of that state's State Chief
Procurement Official. Cooperative purchasing benefits states as well as
cities, counties, public schools, institutions of higher education and other
eligible entities.

About SciQuest

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.

Contact:

SciQuest Media contact:
SciQuest, Inc.
Michelle Perkins, 919-659-2228
mperkins@sciquest.com
or
fama PR for SciQuest
Dan Gaffney, 617-986-5036
sciquest@famapr.com
or
SciQuest Investor contact:
SciQuest, Inc.
Jamie Andelman, 919-659-2322
jandelman@sciquest.com
 
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