SciQuest Content-Driven Spend Management Solutions Selected by The Scripps Research Institute

Research Triangle Park, N.C., May 10, 2005 - SciQuest, Inc., a leading provider of on-demand spend management solutions, announced today that The Scripps Research Institute, an independent biomedical research organization, has signed a multi-year agreement for SciQuest's content-driven spend management suite of applications to drive sustainable savings throughout its California and Florida sites.

"In our evaluation of new procurement software, it became apparent that SciQuest was the leader among the alternatives. We need an easy to use, full featured solution that will allow our researchers to quickly review, select and order materials from the hundreds of suppliers we use. " said Tom Gilmartin, Director of Procurement Services at The Scripps Research Institute. "We believe the SciQuest solution will meet and exceed our needs in nearly every area. With our current growth, we are anticipating this tool to be warmly received by our labs."

SciQuest allows organizations such as Scripps to utilize a completely Web-based e-procurement environment that integrates with and adds value to their existing technology investments such as ERP or financial systems.

By adopting a content-driven spend management strategy, 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

"The Scripps Research Institute recognized the need to connect their existing ERP system with a solution that will assist the end users with valuable procurement tools and help them increase value from their supplier relationships," said Stephen Wiehe, president & CEO at SciQuest. "By providing them with user-friendly web-based content-driven spend management solutions, SciQuest is able to help them maximize the value of their investment and deliver savings to their bottom line.

About The Scripps Research Institute

Located in both in La Jolla , California and Palm Beach County , Florida , The Scripps Research Institute is one of the world's largest independent, non-profit biomedical research organizations. It stands at the forefront of basic biomedical science that seeks to comprehend the most fundamental processes of life. The Scripps Research Institute is internationally recognized for its research in immunology, molecular and cellular biology, chemistry, neurosciences, autoimmune, cardiovascular, and infectious diseases, and synthetic vaccine development. Established in its current configuration in 1961, it employs approximately 3,000 scientists, postdoctoral fellows, scientific and other technicians, doctoral degree graduate students, and administrative and technical support personnel.

About SciQuest

SciQuest provides content-driven spend 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