Accolades Keep Coming for SciQuest Named Software Company of the Year by the North Carolina Technology Association and a Fast 50 Company by the Triangle Business Journal

CARY, N.C., Nov 12, 2010 (BUSINESS WIRE) -- SciQuest, Inc. (NASDAQ: SQI), a leading provider of on-demand strategic procurement and supplier enablement solutions, today announced it was named Software Company of the Year by the North Carolina Technology Association (NCTA) and included in the Triangle Business Journal's annual Fast 50, an awards list that ranks the fastest-growing companies in the Raleigh-Durham area, North Carolina's "Research Triangle." SciQuest moved to the 11th position this year, up from 15th last year.

The NCTA 21 Awards is North Carolina's most prestigious statewide technology awards program, recognizing companies and individuals who have characterized excellence, innovation and leadership. The Triangle Business Journal selects and ranks the companies named to the Fast 50 based on revenue numbers analyzed by PricewaterhouseCoopers.

"Our success is a direct reflection of the ability our solutions give our customers to spend smarter, extend the value of existing resources and work more efficiently and effectively," said Stephen Wiehe, president and CEO of SciQuest.

"We provide the one business function that directly addresses how financial resources are used, procurement. That's invaluable in this new frugal reality." About SciQuest SciQuest provides a leading on-demand strategic procurement and supplier enablement solution that integrates customers with their suppliers to improve procurement of indirect goods and services. Our on-demand software enables organizations to realize the benefits of strategic procurement by identifying and establishing contracts with preferred suppliers, driving spend to those contracts and promoting process efficiencies through electronic transactions.

Using our managed SciQuest Supplier Network, our customers do business with more than 30,000 unique suppliers and spend billions of dollars annually.

Our current target markets are higher education, life sciences, healthcare and state and local governments. We tailor our solution for each of the vertical markets we serve by offering industry-specific functionality, content and supplier connections. We serve more than 175 customers operating in 16 countries and offer our solution in five languages and 22 currencies.

SciQuest is a registered trademark of SciQuest, Inc. Other trademarks contained herein remain the property of their respective owners.

For more information about SciQuest, please visit or call 888-638-7322 in the U.S. or +44 1794 341182 in Europe.

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 our 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 and uncertainties are described in the "Risk Factors" section of our Registration Statement on Form S-1 and other required reports, as filed with the SEC, which are available free of charge on the SEC's website at or on our website at Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These forward-looking statements speak only as of the date hereof, and we undertake no obligation to update, amend or clarify any forward-looking statement for any reason.

SOURCE: SciQuest, Inc.

CONTACT: SciQuest media contact: SciQuest, Inc. Melissa London, 919-659-2228 or SciQuest Investor contact: ICR, LLC Garo Toomajanian, 800-550-6380 Copyright Business Wire 2010 -0- KEYWORD: United States

North America

North Carolina INDUSTRY KEYWORD: Education



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Science SUBJECT CODE: Award