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City Of Raleigh Selects “Source-to-Settle” Leader SciQuest For Spend Oversight And Marketplace Technology

Stocks in this article: SQI

SciQuest, Inc., (NASDAQ: SQI) a leading provider of on-demand strategic procurement and supplier management solutions, announced today that the City of Raleigh, North Carolina, has chosen SciQuest’s source-to-settle procurement technology. Raleigh, the capital of North Carolina, is one of the fastest growing areas in the country. The city offers top educational institutions, outstanding health care facilities and features a growing population.

“By integrating SciQuest with our existing ERP system, we will be able to enhance the overall purchasing process, helping to save the tax payers of Raleigh a significant amount of money,” said Perry James, chief financial officer of the City of Raleigh. “The capacity to automate supplier registration and on-boarding to support accounts payable will free the city’s financial professionals from time-consuming administrative work and enable them to focus on strategic budget planning.”

“SciQuest is pleased to support our neighbor, the city of Raleigh, in its journey toward financial transparency and supply chain excellence,” said Steve Wiehe, president and CEO of SciQuest. “As part of the larger community, we are looking forward to being the City’s trusted partner in spend management and oversight.”

About SciQuest

SciQuest (NASDAQ: SQI) is a leading provider of an integrated, web-based end-to-end eProcurement solution that enables users to realize significant efficiencies and savings on their purchases of indirect goods and services. SciQuest’s unique industry segment expertise and innovative “source-to-settle” approach to eProcurement enables Fortune 1000 companies and organizations in the higher education, life sciences, healthcare and public sector markets, as well as other industries, to identify savings opportunities they may otherwise have missed, while improving contract management, compliance and supplier management. SciQuest’s solutions help customers turn spending into a source of savings. Join the conversation on our blog, The Open Kitchen— http://www.sciquest.com/blog.

Cautionary Note Regarding Forward-Looking Statements

Any statements in this release that are not historical or current facts are forward-looking statements, including any references to benefits that may be realized from our products. 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 http://www.sec.gov or on our website at www.sciquest.com. 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.



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