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 email@example.com or fama PR for SciQuest Dan Gaffney, 617-986-5036 firstname.lastname@example.org or SciQuest Investor contact: SciQuest, Inc. Jamie Andelman, 919-659-2322 email@example.com
Educational Institutions Go to the Head of the Class with SciQuest
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