SciQuest Joins Sustainable Purchasing Leadership Council Founders Circle

  SciQuest Joins Sustainable Purchasing Leadership Council Founders Circle

  SciQuest takes leadership role in spearheading industry best practices for
  sustainable purchasing to reduce social, environmental and economic risks

Business Wire

CARY, N.C. -- June 25, 2013

SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation
solutions for spend management, today announced that the company has joined
the Sustainable Purchasing Leadership Council as a member of its Founders
Circle. SciQuest joins an impressive group of industry leaders, including
government bodies, universities, Fortune 500 companies and standards bodies,
to advance the Council’s mission to support and recognize purchasing
leadership that accelerates the transition to a prosperous and sustainable
future.

The Sustainable Purchasing Leadership Council is a community of professionals
dedicated to using the power of sustainable procurement to enhance local and
global life. SciQuest joins an esteemed group of organizations representing
purchasers, suppliers and market advisors on the Founders Circle. As a member,
SciQuest will play an instrumental role supporting and guiding the council by
helping to raise capital, focus expertise and build credibility.

“SciQuest has a depth and breadth of expertise that will be invaluable to the
Council as we work to accelerate the adoption of practices that simultaneously
benefit institutional purchasers and society as a whole,” said Jason Pearson,
executive director of the Sustainable Purchasing Leadership Council. “Truly
sustainable purchasing starts with a strategic analysis of the social,
environmental, and economic costs and benefits associated with the overall
spending portfolio of an organization, and the SciQuest team brings insight,
experience, and practical tools for the integration of this approach into
existing purchasing processes and best practices across a wide range of
organizations. We welcome SciQuest’s participation with enthusiasm.”

“We’ve found that the procurement function is becoming increasingly strategic
not only as a business driver, but as an element of corporate social
responsibility,” said Brian Daniels, vice president of spend analysis at
SciQuest. “Organizations have a responsibility to ensure that sustainability
is a part of their purchasing agenda. The Sustainable Purchasing Leadership
Council’s goal to help buyers efficiently incorporate sustainability into
procurement decisions dovetails with SciQuest’s mission to help customers gain
increased visibility into and control over spending processes. We look forward
to working as a part of this dedicated community of professionals to advance
this important initiative.”

The Sustainable Purchasing Leadership Council will hold a Launch Event webcast
on July 23 at 1:00pm ET. Register to attend here. The first meeting of the
Council’s founding members and partners will take place August 27^th-28^th at
the National Academy of Sciences in Washington DC. For more information on how
you can support the Sustainability Purchasing Leadership Council, click here.

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