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SciQuest Customers Recognized by the National Procurement Institute

SciQuest (NASDAQ:SQI), a leading provider of cloud-based business automation solutions for spend management, today announced that ten SciQuest customers representing academic institutions from across the country have been awarded the Achievement of Excellence in Procurement Award® (AEP) from the National Procurement Institute (NPI). In its nineteenth year, this program measures applicants based on innovation, professionalism, eProcurement, productivity and leadership.

Arizona State University, Collin County Community College District, Cornell University, Rensselaer Polytechnic Institute, George Washington University, the University of Iowa, the University of California, San Diego, the University of California, Riverside, the University of Florida and the University of Missouri were among the winners of the 2014 award.

“For universities, centralizing purchasing across several departments is the first step toward meeting efficiency goals,” said Stephen Wiehe, President and CEO of SciQuest. “It’s great to see progressive institutions like those selected leveraging data from eProcurement to manage vendor relations, enhance sourcing capabilities and ultimately turn spend into savings.”

The 2014 program saw close to 200 recipients—representing a number of cities, higher education agencies, school districts, special districts and state agencies across more than forty countries.

In addition to NPI, the Achievement of Excellence in Procurement Award® is sponsored by the California Association of Public Procurement Officials (CAPPO(), Florida Association of Public Procurement Officials (FAPPO), the Institute for Supply Management (ISM), the Institute for Public Procurement (NIGP), the National Association of State Procurement Officials (NASPO), the National Association of Educational Procurement (NAEP), the Texas Public Purchasing Association (TxPPA) and the Canadian Public Procurement Council/Conseil Canadien des Marchès Publics (CPPC-CCMP).

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, including references to expected go-live dates, 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.

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