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SciQuest Announces Technology Veteran to Lead Growing Sales Organization



  SciQuest Announces Technology Veteran to Lead Growing Sales Organization

Business Wire

CARY, N.C. -- May 22, 2013

SciQuest (NASDAQ:SQI), a leading provider of cloud-based business automation
solutions for spend management, today announced that Douglas Keister will be
joining the company as its new senior vice president of worldwide sales.
Keister will be replacing Jeffrey Martini, who will be retiring from SciQuest
later this month.

Keister has more than 20 years of sales leadership experience at companies
such as SAP and Oracle. He was most recently senior vice president of global
sales at Servigistics, a cloud-based service lifecycle management software
company that was recently acquired by PTC.

Stephen Wiehe, president and chief executive officer of SciQuest, said, “We
are pleased to welcome Doug to SciQuest. He has a successful track record of
accelerating growth and building effective sales organizations in the software
industry. We look forward to leveraging Doug’s knowledge and expertise as we
continue to scale the business.

“We also want to acknowledge the significant contributions of Jeff Martini,
who helped SciQuest grow revenue by sevenfold during his eight-year tenure. We
wish him the best as he pursues personal interests,” Wiehe concluded.

Douglas Keister stated, “I am very excited to be joining SciQuest, as I share
the company’s passion for excellence and commitment to a customer-first
philosophy. I look forward to working closely with the management team to
capture the company’s large growth opportunity and helping new and existing
customers generate strong ROIs by turning spending into savings.”

Keister will begin his new role next week.

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
for spend management 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 most
recent Annual Report on Form 10-K 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 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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