SciQuest Named a Visionary in the 2013 Magic Quadrant for Strategic Sourcing Application Suites

  SciQuest Named a Visionary in the 2013 Magic Quadrant for Strategic Sourcing
  Application Suites

      Evaluation Based on Completeness of Vision and Ability to Execute

Business Wire

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

SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation
solutions for spend management, today announced that the company has been
positioned by Gartner, Inc. in the “Visionaries” quadrant of its “Magic
Quadrant for Strategic Sourcing Application Suites.”^1 The report, published
on July 1, evaluates vendor offerings related to spend analysis, e-sourcing,
contract management and supply base management.

Additional criteria for evaluation in the Magic Quadrant included ease of use,
technology platform and business services. According to the report, “Strategic
sourcing application suite vendors in the Visionaries quadrant are ahead of
most of the competition in delivering innovative products and services. They
harness the power of the Nexus of Forces— mobile, social, cloud and big data —
to create unique solutions, and they anticipate emerging/changing market
needs.”

“We believe our position as visionaries in Gartner’s Magic Quadrant for
Strategic Sourcing confirms our progress and validates our long-term
commitment and investment to not only provide market-leading eProcurement and
AP capabilities, but provide a modular suite of spend management capabilities
supporting the entire Source to Settle process including Spend Analysis,
Contract Management and Sourcing,” said Mark Digman, vice president, product
marketing and strategy at SciQuest. “The feedback we’ve received from
customers has been overwhelmingly positive.”

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.

About Gartner’s Magic Quadrant:

Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select only
those vendors with the highest ratings. Gartner research publications consist
of the opinions of Gartner's research organization and should not be construed
as statements of fact. Gartner disclaims all warranties, expressed or implied,
with respect to this research, including any warranties of merchantability or
fitness for a particular purpose.

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.

^1 Gartner “Magic Quadrant for Strategic Sourcing Application Suites” by
Deborah Wilson, Magnus Bergfors, Richard Adams, July 1, 2013.

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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