SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation solutions for spend management, today announced that the company has joined the Sustainable Purchasing Leadership Council as a member of its Founders Circle. SciQuest joins an impressive group of industry leaders, including government bodies, universities, Fortune 500 companies and standards bodies, to advance the Council’s mission to support and recognize purchasing leadership that accelerates the transition to a prosperous and sustainable future. The Sustainable Purchasing Leadership Council is a community of professionals dedicated to using the power of sustainable procurement to enhance local and global life. SciQuest joins an esteemed group of organizations representing purchasers, suppliers and market advisors on the Founders Circle. As a member, SciQuest will play an instrumental role supporting and guiding the council by helping to raise capital, focus expertise and build credibility. “SciQuest has a depth and breadth of expertise that will be invaluable to the Council as we work to accelerate the adoption of practices that simultaneously benefit institutional purchasers and society as a whole,” said Jason Pearson, executive director of the Sustainable Purchasing Leadership Council. “Truly sustainable purchasing starts with a strategic analysis of the social, environmental, and economic costs and benefits associated with the overall spending portfolio of an organization, and the SciQuest team brings insight, experience, and practical tools for the integration of this approach into existing purchasing processes and best practices across a wide range of organizations. We welcome SciQuest’s participation with enthusiasm.” “We’ve found that the procurement function is becoming increasingly strategic not only as a business driver, but as an element of corporate social responsibility,” said Brian Daniels, vice president of spend analysis at SciQuest. “Organizations have a responsibility to ensure that sustainability is a part of their purchasing agenda. The Sustainable Purchasing Leadership Council’s goal to help buyers efficiently incorporate sustainability into procurement decisions dovetails with SciQuest’s mission to help customers gain increased visibility into and control over spending processes. We look forward to working as a part of this dedicated community of professionals to advance this important initiative.”
The Sustainable Purchasing Leadership Council will hold a Launch Event webcast on July 23 at 1:00pm ET. Register to attend here. The first meeting of the Council’s founding members and partners will take place August 27 th-28 th at the National Academy of Sciences in Washington DC. For more information on how you can support the Sustainability Purchasing Leadership Council, click here.About SciQuest With a reputation for deep domain knowledge, a solid customer-driven portfolio, and industry-leading customer satisfaction, SciQuest (NASDAQ: SQI) is the largest public provider of cloud-based business automation solutions for spend management that turn spending into savings. 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. To join the conversation, please visit our blog, The Open Kitchen – 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 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 most recent Annual Report on Form 10-K 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.