SciQuest's Charles Ballaro Named to Supply and Demand Chain Executive's 2006 Pros to Know

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RESEARCH TRIANGLE PARK, N.C., March 21, 2006 -- SciQuest, Inc., a leading provider of on-demand supplier management and procurement automation solutions, announced today that Charles Ballaro, director of product management, was named to Supply & Demand Chain Executive's 2006 Pros to Know list. The listing, in its fourth year, highlights leading supply chain practitioners and providers. Ballaro was recognized as a Provider Pioneer in developing web-based applications for e-procurement.

Supply & Demand Chain Executive's 2006 Provider Pros to Know list consists of individuals from a software firm or service provider, consultancy, analyst or research firm who exhibit deep domain knowledge and innovative thinking within the industry. Through a dedication to continued improvement in supply and demand chain technology, the acknowledged individuals have worked to help supply and demand chain management professionals by equipping them with the proper tools necessary to increase efficiencies, improve savings and become industry leaders in the market. Selection criteria for the Provider Pros to Know list was based on exemplified career leadership, overall contributions to the supply chain field, and future leadership plans and expectations.

Charles is responsible for the development of SciQuest's on-demand suite of solutions - including source-to-settle e-procurement, supplier relationship management, contract management, and material management. Under his tenure, the product management team has focused on robust solution delivery, functionality and usability in addition to working directly with customers, prospects and other industry professionals to ensure comprehensive, user-friendly solutions.

Among his achievements in creating innovative procurement solutions, Charles played a significant role in the development of web-based procurement applications. Web-based procurement applications provide the tools needed to automate the purchasing process and direct end-users to preferred suppliers and contracts. These software tools further enable procurement professionals the ability to manage supplier preference and product selection to ensure compliance with negotiated contracts. Because of these tools, research-focused organizations are saving millions in indirect spend.

"At SciQuest it is our goal to provide procurement solutions that will create efficiencies and significant cost-savings for our customers," said Ballaro. "It is an honor to be recognized for our efforts in creating improved solutions for the procurement community and I join a respected group of my peers in receiving this esteemed award."

This is the second time Supply & Demand Chain Executive has recognized a SciQuest employee as an expert in Supply Chain Management. Jamie Duke, Chief Operating Officer was included in the 2004 Supply & Demand Chain Executive's Pros to Know List.

For more information or to view Supply and Demand Chain's 2006 Pros to Know listing in full, visit: http://www.sdcexec.com

About Supply and Demand Chain Executive
Supply & Demand Chain Executive (formerly iSource Business) is the only magazine holistically covering the end-to-end supply and demand chain, providing original intelligence and actionable information to executives and management professionals at midsize to large enterprises that are enabling their supply and demand chains for competitive advantage. Its print and online articles reflect the voice and perspective of supply and demand chain leaders who can provide practical insights into successful process changes and new technologies.

About SciQuest
SciQuest provides on-demand supplier enablement and procurement automation solutions that reduce operating costs, drive end-user adoption, bring more spend under management and increase visibility into organization-wide spending. Through SciQuest solutions, organizations gain immediate cost savings and rapid ROI. Organizations can quickly enable a critical mass of suppliers through the SciQuest Supplier Network (SQSN) and leverage SciQuest Managed Services to fully manage catalog data and order delivery on an ongoing basis, significantly reducing the need for in-house IT and support resources. With an integrated supplier base, organizations can maximize on-contract spending and gain real-time visibility and reporting capabilities throughout the entire order process. In addition to a source-to-settle suite of e-procurement applications, SciQuest also offers supplier and order management modules that seamlessly integrate with existing ERP and enterprise financial systems, driving greater return from existing investments.
For more information about SciQuest, please visit www.sciquest.com, or call 919.659.2100.

Media contacts:

Molly Thompson
Crossroads PR
919.605.0022
mthompson@crossroadspr.com

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