The Numbers Are In: SciQuest’s NextLevel 2012 Has Best Year Ever With 46 Percent Increase Over 2011 Attendance

SciQuest (NASDAQ: SQI), a leading provider of on-demand strategic procurement and supplier management solutions, thanked attendees for making NextLevel 2012 the most successful conference in SciQuest history with a 46 percent increase in attendance. This year's conference attracted attendees from more than 130 organizations across multiple industries. As an annual event that showcases the increasing influence of strategic purchasing, NextLevel highlights new technologies that deliver cost savings, margin enhancement and more astute risk management.

Winners of the Questie Awards, for customers taking their procurement and money saving strategies to the “next level,” were announced during the final evening event of the week. The 2012 Questies went to:
  • WSCA/NASPO, the Collaborative Purchasing Visionary – National
  • University of California Office of the President, the Collaborative Purchasing Visionary – School Systems
  • Emory University, the AP Trailblazer
  • Mercy/ROi, the Procurement Trendsetter of the Year
  • IBM, SciQuest Partner of the Year

Another highlight of NextLevel was the introduction of the Procurement Transformation Framework TM (PTF), a tool to help finance and procurement leaders develop, communicate and execute an effective and compelling vision for transforming the procurement function. Using the PTF, NextLevel attendees measured the maturity of their people, processes and technology and then collaborated with other procurement leaders on strategies to advance the procure-to-pay function at their organizations.

“NextLevel is quickly becoming the premier event for thought leadership around strategic spending and spend savings technology,” said Stephen Wiehe, president and CEO, SciQuest. “We strive to bring together our industry’s most technologically savvy, strategic thinkers to share and discuss how spend visibility, supplier management, accounts payable and spend analysis are all coming together to create more positive organizational outcomes from each supply chain management decision.”

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.

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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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