Spend Management Industry Flocks to NextLevel 2014

  Spend Management Industry Flocks to NextLevel 2014

  SciQuest’s Event Draws Record Number of Attendees as Participants Focus on
                      Quest for the Best in Procurement

Business Wire

ORLANDO, Fla. & CARY, N.C. -- March 12, 2014

SciQuest, Inc. (NASDAQ:SQI), the largest pure-play provider of cloud-based
business automation solutions for spend management, today announced that
NextLevel 2014 once again broke an attendance record, drawing 725 attendees
from more than 300 organizations. The three-day event, which has become the
industry's largest conference solely dedicated to spend management and
advanced sourcing, took place at the Gaylord Palms Resort and Conference
Center and packed an agenda full of industry best practices, expert knowledge,
and hands-on learning.

This year’s attendees included customers, partners and industry experts at
organizations including BioGen, Eli Lilly, Johnson & Johnson, Kellogg Company,
Office Depot, Wendy’s QSCC and various universities and state governments. At
this year’s event, attendees learned about trends and strategies related to
spend analysis, sourcing & supplier management, accounts payable,
eProcurement, contract management and more.

The event also served as a forum to honor the achievement of customers during
the annual “Questie Award” ceremony. The Questies honor organizations and
individuals for their efforts in collaborative purchasing and overall
innovation. Customers who received awards were: Tennessee Board of Regents,
University of Massachusetts, A.P. Moller-Maersk Group, University of Illinois,
City of Raleigh, Josh Sell from Wendy’s Quality Supply Chain Co-Op, Trudy
Pound-Curtis from York University, Wells Fargo, Case Western Reserve
University, University of Colorado, Georgia State University and University of
Western Ontario.

“Each year, the entire team at SciQuest looks forward to NextLevel because it
is the ultimate showcase for the hard work and successes achieved by customers
we work with day in and day out,” said Stephen Wiehe, CEO of SciQuest. “And
each year, we see more people at the event who are passionate about their
work, committed to excellence in procurement and who benefit from hearing
about and discussing each others’ experiences. Thank you to everyone who came
out.”

Attendees also contributed to a good cause, participating in a silent auction
with all proceeds going to the Wounded Warrior Project. Participants raised
$4,335 for the charity – a total that SciQuest matched, leading to an $8,670
contribution to the Wounded Warriors Project.

To view the NextLevel 2014 highlights video, visit our Open Kitchen blog.

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:

Media:
fama PR for SciQuest
Dan Gaffney, 617-986-5036
sciquest@famapr.com
or
Investors:
SciQuest, Inc.
Jamie Andelman, 919-659-2322
jandelman@sciquest.com
 
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