RTI International Goes Live with SciQuest’s Enterprise Reagent Manager Solution

  RTI International Goes Live with SciQuest’s Enterprise Reagent Manager
  Solution

Leading Research Institute Adds ERM to Existing Suite of SciQuest Applications
  to Further Reduce Costs and Improve Efficiency Through Business Automation

Business Wire

ORLANDO, Fla. & CARY, N.C. -- February 25, 2014

SciQuest (NASDAQ: SQI), the largest pure-play provider of cloud-based business
automation solutions for spend management, today announced that RTI
International, one of the world’s leading research institutes, has gone live
with SciQuest’s Enterprise Reagent Manager (ERM) solution. The deployment,
completed in less than four months, enables RTI International to deploy ERM
along with existing SciQuest business automation solutions, including Spend
Director Enterprise, Order Manager and Requisition Manager. As a result, RTI
gains greater control and visibility into spending processes while cutting
costs and optimizing efficiency.

SciQuest’s Enterprise Reagent Manager is a chemical inventory software
solution that enables faster discovery, greater cost savings and increased
health and safety compliance for organizations procuring chemical reagents and
other materials used in the research process. Users throughout RTI will now be
able to find, source and track reagents and supplies needed for developing
compounds from a single application. Combined with SciQuest’s Spend Director,
ERM delivers a fully automated workflow for requisitioning, approving,
receiving and reconciling RTI’s research materials.

“We’ve been using SciQuest’s business automation solutions to reduce costs and
increase savings for years, and the Enterprise Reagent Manager adds another
critical layer of efficiency and automation,” said Scott Simerly, Director of
Corporate Procurement/Subcontract Management at RTI International. “The
compounds we develop require near-immediate access to appropriate supplies and
materials, and ERM will facilitate that access. Over the years, SciQuest has
evolved from a handy e-Procurement tool to an invaluable strategic partner
helping us turn spending into savings.”

RTI International’s Enterprise Reagent Manager implementation was an
unmitigated success. Within 120 days of go-live, SciQuest’s end-to-end
solutions had helped RTI execute more than 3,000 purchase orders with 88
suppliers - both catalog and non-catalog suppliers – for purchase orders
totaling more than $2.1 million. Users at RTI can now access ERM via a
punch-out from Spend Director, resulting in improved researcher productivity
with simultaneous searching of all available inventory and supplier catalogs,
including search by chemical structure.

“We’ve helped some of the largest research institutions and life science
companies in the world save as much as 10 percent on annual reagent spending,
and we expect to do the same for RTI International,” said Tom Russell, general
manager, SciQuest Enterprise Solutions. “The integration of our Enterprise
Reagent Manager solution into their procurement strategy will enable RTI to
lower costs, improve safety and compliance and make huge efficiency gains.”

About SciQuest

SciQuest (NASDAQ:SQI) is the largest publicly held pure-play provider of
cloud-based business automation solutions for spend management – offering deep
domain knowledge and a leading, customer-driven portfolio. 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. Learn more about
our solutions and how we can help your organization turn spending into savings
at www.sciquest.com.

To join the conversation, please visit our blog, The Open Kitchen at
http://www.sciquest.com/blog – 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 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
are discussed in “Part I, Item 1A, Risk Factors” and elsewhere in SciQuest’s
most recent Annual Report on Form 10-K and other reports, as filed with the
United States Securities and Exchange Commission (“SEC”). The company’s SEC
reports are available free of charge on the SEC's website at
http://www.sec.gov or on the company’s website at www.sciquest.com. These
forward-looking statements speak only as of the date hereof, and SciQuest
undertakes no obligation to update, amend or clarify any forward-looking
statement for any reason. Given these risks and uncertainties, investors
should not place undue reliance on forward-looking statements as a prediction
of actual results.

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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