SciQuest Named a Finalist in Three Categories for NCTA 21 Awards

  SciQuest Named a Finalist in Three Categories for NCTA 21 Awards

 Recognized in the Software Company, Mid-Size Company and Fast Growing Large
                              Company Categories

Business Wire

CARY, N.C. -- September 11, 2013

SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation
solutions for spend management, today announced that the company has been
named a finalist in three categories for the upcoming North Carolina
Technology Association’s NCTA 21 Awards. The NCTA 21 Awards are the only
statewide program recognizing excellence in technology and winners will be
announced at the annual Awards Gala on Thursday, November 7^th at the Sheraton
Imperial Hotel & Convention Center in Durham, NC.

A committee comprised of economic development, education, media, non-profit
and technology leaders across the state reviewed the nominations and selected
SciQuest as a finalist in the Software Company, Mid-Size Company and
Fast-Growing Large Company categories. In 2012, SciQuest was recognized with
NCTA’s Public Company of the Year award for sustained growth, solid operating
results and stock price appreciation.

“We are honored to be named a finalist and believe that this recognition
further confirms our position as leaders in the burgeoning North Carolina
technology scene,” said Stephen Wiehe, president and CEO of SciQuest. “Our
team has worked extremely hard to develop a culture of excellence and
commitment to our customers spanning the entire organization, and it’s nice to
take some time to recognize the success that culture has bred. Congratulations
and good luck to all the other finalists.”

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 NCTA

The North Carolina Technology Association (NCTA) is a not-for-profit,
membership-driven trade association and the primary voice of the technology
industry in North Carolina. NCTA is the intersection of leadership and
technology.

Cautionary Note Regarding Forward-Looking Statements

Forward-looking statements include information concerning our possible or
assumed future results of operations, business strategies, financing plans,
competitive position, industry environment, potential growth opportunities,
potential market opportunities and the effects of competition. Forward-looking
statements, which include all statements regarding financial performance for
the remainder of 2013 and other future periods, consist of all statements that
are not historical facts and can be identified by terms such as, but not
limited to, “accelerates,” “anticipates,” “believes,” “could,” “seeks,”
“estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,”
“projects,” “should,” “will,” “would” or similar expressions and the negatives
of those terms. Forward-looking statements 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,
performance or achievements expressed or implied by the forward-looking
statements. We discuss these risks in “Part I, Item 1A, Risk Factors” and
elsewhere in our most recent Annual Report on Form 10-K and other required
reports, as filed with the United States Securities and Exchange Commission
(“SEC”). Our SEC reports are available free of charge on the SEC's website at
http://www.sec.gov or on our website at www.sciquest.com. All forward-looking
statements in this release are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Given these
uncertainties, you should not place undue reliance on these forward-looking
statements. Also, forward-looking statements represent our management’s
beliefs and assumptions only as of the date of this release. Given these risks
and uncertainties, investors should not place undue reliance on
forward-looking statements as a prediction of actual results. Except as
required by law, we assume no obligation to update these forward-looking
statements publicly or to update the reasons actual results could differ
materially from those anticipated in these forward-looking statements, even if
new information becomes available in the future.

Contact:

SciQuest Media contact:
SciQuest, Inc.
Michelle Perkins, 919-659-2228
mperkins@sciquest.com
or
fama PR for SciQuest
Eric Searle, 617-986-5034
sciquest@famapr.com
or
SciQuest Investor contact:
SciQuest, Inc.
Jamie Andelman, 919-659-2322
jandelman@sciquest.com