State of Ohio Selects SciQuest to Automate Purchasing Processes

  State of Ohio Selects SciQuest to Automate Purchasing Processes

   Cloud-Based Automation Solutions Will Allow Ohio to Integrate State-Wide
               eMarketplace Across Cities, Counties and Schools

Business Wire

CARY, N.C. -- April 16, 2013

SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation
solutions, today announced that the State of Ohio has selected SciQuest
products to automate critical purchasing and accounts payable processes,
increasing efficiency and enabling the sharing of contracts across a
state-wide e-marketplace available to all cities, counties and K-12 schools.
With SciQuest, state agencies will gain unprecedented levels of automation,
visibility and control of purchasing, including invoice management and
supplier enablement and management. As a result, the State expects to
significantly decrease expenses, saving Ohio taxpayers millions of dollars per
year.

SciQuest’s cloud-based solutions will integrate with Ohio’s existing OAKS ERP
system, allowing the state to extend the value of its investment in enterprise
systems. A clean, modern interface is designed to allow users to quickly get
up to speed, delivering a rapid return on investment. Ohio, the 7^th most
populous state in America, will utilize SciQuest’s solutions across 161 state
agencies.

By selecting SciQuest, the State of Ohio will align the strategic goals
established by the Governor, DAS-GSD, OIT and OAKS. The benefits to the State
will include:

  *Reduce costs to taxpayers – implementing the Ohio Marketplace solution
    will streamline the purchasing process, improve compliance, and improve
    spend analytics. The combination of these improvements will result in
    better sourcing opportunities and cost savings to the state and taxpayers.
  *Provide common administrative functions state-wide that allow agencies to
    focus on their core missions – the Ohio Marketplace will streamline the
    procure-to-pay process, allowing agencies more time to focus on their
    missions and less time on purchasing and paying for goods and services.
  *Improve the accuracy of the data available for spend analytics by pulling
    the appropriate coding and vendor data from the e-Catalog.
  *Standardize invoice processing for greater efficiency and effectiveness.
  *Standardize invoicing to allow the agencies to take advantage of 2/10, net
    30 discount terms, resulting in savings for the state.
  *Generate vendor payments quicker which improves vendor and agency
    relationships.

“On a state-wide level, the process of spending money can be expensive,” said
Jeff Westhoven, deputy director, The Ohio Department of Administrative
Services (DAS). “The volume of transactions alone makes it extremely difficult
to simplify processes and gain visibility into how our state agencies are
executing their procurement strategies. Our taxpayers trust us to spend the
state’s funds wisely, and SciQuest will play a critical role in helping us do
that better than ever before. SciQuest spend management solutions will improve
transparency and control over-spending decisions, allowing us to offer a
better purchasing experience at every step of the procurement process.”

Ohio has access to SciQuest solutions through its contract with the National
Association of State Purchasing Officials’ Western States Contracting Alliance
(WSCA), a multi-state purchasing consortium designed to increase collaboration
between states and improve strategic purchasing. By utilizing the WSCA – NASPO
eProcurement Solutions and Services Cooperative contract, the State of Ohio
was able to rapidly take advantage of best value pricing and the comprehensive
array of products and services offered by SciQuest.

“The availability of a customizable, private-supplier marketplace across state
agencies will empower the State of Ohio to make intelligent, informed spending
decisions,” said George Stasiw, vice president sales, public sector  at
SciQuest. “Using our solutions, state governments like Ohio can experience
immediate and sustainable value, improve supplier relationships, and transform
procurement into a strategic resource by reducing cost and complexity while
ushering in a new era of control and efficiency.”

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 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.

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:

Media:
SciQuest, Inc.
Michelle Perkins, 919-659-2228
mperkins@sciquest.com
or
fama PR for SciQuest
Dan Gaffney, 617-986-5036
sciquest@famapr.com
or
Ohio Department of Administrative Services
Beth Gianforcaro, 614-644-8953
Beth.gianforcaro@das.ohio.gov
or
Investors:
SciQuest, Inc.
Jamie Andelman, 919-659-2322
jandelman@sciquest.com
 
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