University of Minnesota Goes Live with SciQuest Solutions for eProcurement and Accounts Payable

  University of Minnesota Goes Live with SciQuest Solutions for eProcurement
  and Accounts Payable

   SciQuest Business Automation Solutions Allow University to Achieve Cost
                      Savings and Increased Efficiencies

Business Wire

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

SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation
solutions for spend management, today announced that the University of
Minnesota has gone live with SciQuest Spend Director Enterprise and Accounts
Payable Director solutions. The University of Minnesota sought solutions to
automate many of its spending processes while enabling electronic invoicing
for every vendor in its marketplace.

To achieve this goal, the University looked for best-in-class eProcurement
software to be used by departments when making purchases from within the
University, as well as with outside vendors. Several months ago, the
University selected SciQuest as the vendor to meet these requirements,
replacing purchasing tools that had been developed internally.

“The University of Minnesota is dedicated to working smarter and reducing
costs while continuing our tradition of excellence in education, so we have
extremely high expectations and requirements for our eProcurement system,”
said Timothy Bray, purchasing director at the University of Minnesota.
“SciQuest met or exceeded those expectations and we are happy to be working
with them to help save money and make the procurement function more efficient
across the University.”

“The University of Minnesota requested a new eProcurement system to
standardize its purchasing process and allow for electronic payment to its
vendors,” said John Fabris, vice president of higher education at SciQuest.
“We are excited to be partnering with the University of Minnesota to automate
its critical business processes and turn spending into a source of strategic
savings.”

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
 
Press spacebar to pause and continue. Press esc to stop.