SciQuest, Inc., (NASDAQ: SQI) a leading provider of on-demand strategic procurement and supplier management solutions, today announced that the City of Los Angeles has selected its Spend Director Enterprise solution. Los Angeles is one of the biggest cities in the United States and is a world-renowned center of business, entertainment, technology and education.
“We were impressed with SciQuest’s overall ease of use and functionality. With the SciQuest marketplace solution, we’ll be able to streamline the overall purchasing process, enhance overall user experience and create greater efficiencies across the city,” said Kenneth F. Desowitz, C.P.M. Director of Supply Services, City of Los Angeles. “The ability to buy goods at the best prices from our negotiated contracts with ease is crucial to reducing expenses and getting the maximum value from our existing contracts.”
“In today’s challenging economic environment, cities, states and towns are under a lot of pressure to reduce costs while improving process efficiencies,” said Stephen Wiehe, President and CEO, SciQuest. “SciQuest has a proven track record of working successfully with local and state government agencies to optimize existing resources to meet the needs of constituents.”
About SciQuestSciQuest (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. 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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