Educational Institutions Go to the Head of the Class with SciQuest

  Educational Institutions Go to the Head of the Class with SciQuest

 SciQuest sees continued momentum in the spend management of higher education
    institutions as they turn spending into a source of strategic savings

Business Wire

CARY, N.C. -- June 10, 2014

SciQuest, Inc. (NASDAQ: SQI), a leading provider of cloud-based business
automation solutions for spend management, today announced several new
customers in the higher education market, including Drexel University, Lamar
University, Sam Houston State University, Santa Fe Community College, Savannah
College of Art and Design, and the Texas State University System.

“SciQuest has a big focus on higher education, and gives us an ability to
build our procurement solution the way we want. We can pick and choose from
their features and functionality to get exactly what we need to be successful
in our goals,” said Mary Grant, Director of Procurement and Payment Services
at Savannah College of Art and Design.

The new deals demonstrate SciQuest’s continued success for its
higher-education customers, where dozens of institutions use SciQuest’s suite
of automated spend management solutions to reduce costs and increase
efficiency and visibility into spending processes. Schools ranging from large,
public universities to progressive community colleges rely on SciQuest for a
wide range of eProcurement needs.

“Institutions of higher learning have a unique set of challenges, facing
constant pressure to reduce costs while increasing transparency and efficiency
– all without sacrificing their educational mission,” said Doug Keister,
Senior VP of Sales at SciQuest. “Issues such as a lack of visibility into
payment processes, inconsistent oversight or control or limited reporting can
be major obstacles. At SciQuest, we help higher-ed institutions worldwide move
past these roadblocks, turning spending into a strategic source of savings.”

SciQuest has a long track record of providing the education market with
best-of-breed business automation solutions that enable greater visibility and
compliance organization-wide to help users gain control, optimize
efficiencies, and reduce spend. SciQuest enables university procurement teams
to attain the real-time visibility into spending needed to make strategic
sourcing decisions, consolidate buying power and negotiate more favorable
terms and conditions with suppliers.

For more information on how institutions of higher education are achieving
success with SciQuest’s solutions, please click here.

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:

Contacts:
SciQuest Media contact:
SciQuest, Inc.
Roberta Patterson, 919-659-2230
rpatterson@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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