SciQuest, Inc., (NASDAQ: SQI) a leading provider of on-demand source-to-settle solutions, today announced that it has been selected to the 2012 Supply & Demand Chain Executive (SDCE) 100 – “100 Great Supply Projects.” This year’s awards highlighted supply chain transformation projects that had a significant impact on the companies going through the implementations. SciQuest was recognized for its work with Utah State University, a leading public research university located in Logan, Utah. The university wanted to create a more user-friendly purchasing system enabling staff and personnel to review products and catalogs online, submit orders electronically and track purchases. SciQuest became an integral part of Utah State’s eProcurement platform – USU EZ-Buy. Since implementing SciQuest, Utah State has increased overall efficiency, streamlined purchasing and gained deeper insights into spending. “We’re honored to be recognized for our work with Utah State University,” said Max Leisten, market director, SciQuest. “By embracing eProcurement, Utah State University staff is able to provide a more strategic role, sharing critical insights on increasing savings, identifying new suppliers and increasing efficiencies. Institutions like Utah State are transforming the role of procurement, turning spending into a source of savings.” Launched 11 years ago, Supply & Demand Chain Executive announced its first “100” list of supply chain solution providers, consultants and other organizations that were helping lead the way in transforming companies’ supply and demand chains. For this year’s awards, SDCE collected information on supply chain transformation projects, including background on the objectives, scope, timeline and results of the project. The submissions were evaluated by the magazine’s editorial staff primarily based on: ambitiousness/scope of project; creative application of technologies/solutions/services used; extent of the business results/impact; and clarity of submissions. “Our goal with this year’s ‘100’ is to put the spotlight on successful and innovative transformation projects that are delivering bottom-line value to small, medium and large enterprises across the different functions that comprise the supply chain,” said Barry Hochfelder, editor, Supply & Demand Chain Executive. “The projects featured in the ‘100’ article can serve as a roadmap for supply chain executives looking for new opportunities to drive improvement in their own operations.” Extended coverage of the SDCE 100 will appear in the June 2012 issue of Supply & Demand Chain Executive. Learn more about Utah State’s project on The Open Kitchen. About Supply & Demand Chain Executive Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical world of supply and demand chain enablement to gain competitive advantage. On the Web at SDCExec.com.
About SciQuestSciQuest (NASDAQ: SQI) is the only company that puts the Power of Q into your supply chain. What is the Q? It is part philosophy, part partnership, and all about customers. SciQuest delivers industry-leading comprehensive source-to-settle supply chain solutions that help you turn spending into a source of savings, but it is really the Power of Q that ensures that our customers are at the center of everything we do. Q is about quality, it’s about asking tough questions and it’s about being on a quest to get what you pay for. Only SciQuest provides the scale, industry expertise and transparency that organizations require to improve their bottom line. To join the conversation and tell us “what’s your Q,” please visit 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.