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SciQuest Powers Award-Winning Strategic Purchasing for University of Maine System



  SciQuest Powers Award-Winning Strategic Purchasing for University of Maine
  System

   University Selected for NAEP Award for the Achievement of Excellence in
                                 Procurement

Business Wire

CARY, N.C. -- June 18, 2013

SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation
solutions for spend management, today announced that the University of Maine
System, a SciQuest customer since 2010, has been recognized with the
prestigious National Association of Education Procurement (NAEP) 2013 Award
for Excellence in Procurement. The University of Maine System joins a long,
distinguished list of SciQuest customers honored by the NAEP. The award is
given to collegiate organizations nationwide that best demonstrate their
ability to support their school’s mission through the application of
purchasing best practices.

The University of Maine System, the state’s largest educational enterprise
with seven universities, received the award for building a restructured
procurement organization that allows the organization to reduce costs,
increase institutional productivity, collaborate with other state institutions
of higher learning, and invest the realized savings into improved student
learning.

“Winning this award is an honor, and we’re thrilled to receive this positive
feedback from our peers within the industry,” said Kevin Carr, Director,
Office of Strategic Procurement at the University of Maine System. “The
achievements recognized by this award represent the tremendous effort and
collaboration of dedicated staff across the institution. Together, and
building upon the foundation provided by SciQuest’s business automation
solutions, we’ve been able to cut costs, simplify processes and gain
unprecedented transparency into our spending data. This has not only saved
money for the University, but more importantly allowed us to focus on the
University’s core mission of education, research, and public service instead
of being burdened by cumbersome, time-consuming manual processes.”

NAEP Award winners are selected based on several criteria, including: scope
and complexity of the endeavor; technological planning and leadership; benefit
to the institution and key constituents; and demonstration of excellence and
professionalism. Previous SciQuest customers who have won the NAEP Award for
Excellence in Procurement include the University of California, San Diego
(2011), Emory University (2010), Rensselaer Polytechnic Institute (2009), the
University of Missouri (2009), Virginia Polytechnic Institute (2008) and the
University of Pennsylvania (2007).

“We’ve been fortunate enough to work with some of the most forward-thinking
educational institutions in the country, helping them turn spending into a
source of strategic savings by giving them the tools to gain control over and
optimize the efficiency of spending processes,” said John Fabris, vice
president of sales, higher education at SciQuest. “The University of Maine
System has demonstrated a commitment to managing and extracting value from
their spending processes. This recognition is certainly well-deserved.”

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
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 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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