Software & Information Industry Association Names SciQuest as Codie Awards Finalist

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RESEARCH TRIANGLE PARK, N.C., January 21, 2005 - SciQuest, Inc. has been named a finalist in the Software & Information Industry Association's 20 th annual Codie Awards in the category of Best Business Administration System: Education Enterprises. The company was nominated for its HigherMarkets e-procurement solution.

"The 20 th annual Codie Awards continue the tradition of honoring the best of the software, content and education technology industries," said Ken Wasch, SIIA president. "When one considers the number of outstanding companies that competed this year, being named a Codie Awards finalist is a significant achievement."

The Codie Awards is the only peer-recognition awards program of its nature in the industry. They distinguish excellence for corporate achievement and philanthropic efforts and acknowledge the software and information industry's best products and services. These awards also provide a rare opportunity for a company to earn commendation from its competitors.

"Universities globally have utilized our HigherMarkets solution to help them achieve their spend management objectives," said Stephen J. Wiehe, president and CEO of SciQuest. "This award further validates our leadership position in the higher education community and we are honored to be accepted as a finalist for such a prestigious award."

Winners will be announced at the 20 th Annual Codie Awards Gala held on May 25, 2005 at Universal Studio's Globe Theatre in Universal City, CA. For more information on the Software and Information Industry Association's 20 th annual Codie Awards, visit www.siia.net/codie/2005 .

About the Software and Information Industry Association:

The Software & Information Industry Association is the principal trade association for the software and digital content industry. SIIA provides global services in government relations, business development, corporate education and intellectual property protection to the leading companies that are setting the pace for the digital age.

About SciQuest
SciQuest's on-demand solutions integrate organizations with their suppliers to enable comprehensive spend management for the life sciences and higher education markets.

SciQuest's complete suite of modular applications help to automate the source-to-settle process. When used with the SciQuest Supplier Network, these solutions reduce redundant tasks and maintain data integrity throughout the cycle of finding, acquiring and managing goods to increase efficiency, reduce cost and provide total spend visibility.

Many of the world's leading pharmaceutical, biotechnology, chemical and academic organizations rely on SciQuest solutions such as Biogen Idec, GlaxoSmithKline, Pfizer, Roche, Schering-Plough, Arizona State University, Indiana University, University of Michigan and University of Pennsylvania. SciQuest is headquartered in Research Triangle Park, NC. For more information about SciQuest, please visit www.sciquest.com or call +1-919-659-2100.

SciQuest and SelectSite are registered trademarks of SciQuest, Inc. HigherMarkets is a trademark of SciQuest, Inc.

Contacts:

Media Relations

Kristi Lee
SRK Communications
919-270-8054
kristi@srkcommunications.com