SciQuest's Best-in-class Supplier Enablement Solutions

RESEARCH TRIANGLE PARK, N.C., June 27, 2006 -- SciQuest, Inc., a leading provider of on-demand supplier management and procurement automation solutions, today announced that it has partnered with Oracle to integrate its on-demand catalog management tools with the Oracle® E-Business Suite and Oracle's Peoplesoft Enterprise for a robust e-procurement solution tailored for the Higher Education and Life Science markets. Tight collaboration between Oracle Consulting and SciQuest Global Professional Services, will help organizations to realize seamless integration, rapid implementation and continuous support of the application.

SciQuest's applications are on-demand, multi-commodity supplier enablement, supplier management and supplier integration solutions designed to enhance existing procurement systems to increase on-contract spending and improve enterprise productivity and spend management. Through the SciQuest Supplier Network (SQSN), organizations can enable a critical mass of supplier catalog content which is crucial to maximizing purchasing efficiency, user adoption and spend visibility.

Seamless business document exchange is provided between SciQuest's Order Manager and Settlement Manager and Oracle procurement applications using Fusion Middleware. The use of this architecture allows Oracle customers to easily tailor their business processes and helps to assure a smooth transition to newer versions and upgrades of Oracle applications.

Customers such as the University of Pennsylvania are already taking advantage of the integrated solution. "By offering this as a competitive advantage to our suppliers we were able to renegotiate existing contracts as well as negotiate new contracts resulting in over 68 percent of purchase order transactions being issued to participating online preferred suppliers," said Ralph Maier, University of Pennsylvania Director of Purchasing Services. "It is the integration of these two leading solutions that have enabled us to achieve such significant results."

"Effective supplier enablement is crucial to successful deployment of an enterprise procurement platform," said SciQuest, Inc President and CEO Stephen Wiehe. "Organizations investing in Oracle ERP solutions can now fill the supplier enablement gap, solving customer content issues, streamlining operations and further increasing ROI on their Oracle applications."

SciQuest is a member of the Oracle PartnerNetwork.

About the Oracle PartnerNetwork
Oracle PartnerNetwork is a global business network of 16,000 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. http://oraclepartnernetwork.oracle.com

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. Oracle, JD Edwards, PeopleSoft, and Siebel are registered trademarks of Oracle Corporation and/or its affiliates.
For more information about SciQuest, please visit www.sciquest.com, or call 919.659.2100.

Media contacts:

Molly Thompson
Crossroads Public Relations for SciQuest, Inc.
(919) 605-0022- mobile
mthompson@crossroadspr.com

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