Yeshiva University Chooses SciQuest Supplier Management Solutions to Unlock Value from Existing Financial System

Research Triangle Park, N.C., April 26, 2005 - SciQuest, Inc., a leading provider of on-demand supplier management solutions, announced today that Yeshiva University, a leading academic research institute based in New York, has signed a multi-year agreement for SciQuest's supplier management suite of applications. Yeshiva will integrate SciQuest's Spend Director, Order Manager and Science Catalog into its legacy financial system in order to extend its existing investments and to realize additional procurement savings.

"It was important for us to partner with someone who understood our need to further increase our purchasing efficiency while allowing us to leverage our existing in-house financial system," said Jack D. Zencheck, C.P.M., University Director, Purchasing at Yeshiva. "SciQuest's extensive experience in higher education combined with their ability to connect us with our key suppliers made them the obvious choice for Yeshiva."

With SciQuest's on-demand e-procurement environment, organizations are able to integrate with and add value to their existing technology investments such as ERP or financial systems. By adopting a supplier management strategy such as that offered by SciQuest, organizations are able to:

• Increase adoption of existing procurement systems by giving end-users one interface for all purchasing needs
  
• Eliminate the hassles of managing content or connections for multiple suppliers
  
• Automate transactions with a broader base of suppliers
  
• Drive more spend to preferred vendors and reduce maverick spend
  
• Improve spend visibility for better spend analysis and reporting

"Proactive organizations are searching for ways to unlock more value from their existing procurement systems and supplier relationships," said Stephen Wiehe, President & CEO at SciQuest. "Connecting to supplier content and tying it seamlessly to their existing procurement investments should be the next wave of any company's e-procurement strategy. SciQuest is committed to helping these organizations realize this goal in order to drive sustainable savings and improve their ROI"

About Yeshiva University

Now in its second century, Yeshiva University is ranked in the top tier of American National Research Universities. It embraces the heritage of the best of western civilization, along with the ancient traditions of Jewish law and life.

Yeshiva University 's undergraduate schools and divisions include Yeshiva College , Stern College for Women, and Sy Syms School of Business. And together with its graduate and affiliated schools-Albert Einstein College of Medicine, Benjamin N. Cardozo School of Law, Wurzweiler School of Social Work, Ferkauf Graduate School of Psychology, Azrieli Graduate School of Jewish Education and Administration, Bernard Revel Graduate School of Jewish Studies, and Rabbi Isaac Elchanan Theological Seminary-the university embraces knowledge in the arts, sciences, and professions, as well as the breadth and richness of Jewish culture and thought.

About SciQuest

SciQuest provides supplier management solutions that help customers gain greater visibility and control over their spend.

Through its supplier network, SciQuest aggregates detailed supplier content and enables supplier connectivity, providing a purchasing experience that drives user adoption and contract compliance.

By leveraging SciQuest's expertise in on-demand content management and procurement automation, customers can rapidly improve efficiency and capture unrealized savings.

Many of the world's leading organizations rely on SciQuest solutions such as Biogen Idec, GlaxoSmithKline, Pfizer, Roche, Schering-Plough , Arizona State University, Indiana University , University of Michigan , University of Nevada , Reno and University of Pennsylvania.

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

Chuck Vitello
SciQuest, Inc.
919-659-2141
cvitello@sciquest.com