SciQuest Recognized with Top Awards for Company Growth and Employee Satisfaction

Local Software Company Adds NCTA and Inc. Honors to Growing List 

CARY, N.C., November 19, 2007 - Named the Council for Entrepreneurial Development's 2007 Growth Company of the Year and recognized as one of Triangle Business Journal's Fast 50, SciQuest announces that it has also been awarded the 2007 North Carolina Technology Association 21 Top Growth Company of the Year.

As the 15th ranked company on the Triangle Business Journal's Fast 50 list, SciQuest emerged as the fastest growing locally headquartered software company. The rankings were determined by PricewaterhouseCoopers LLP, who evaluated private companies based on a formula that takes into account both dollar growth and percentage rate of growth over a three-year period.

Further validation of SciQuest's sustained growth and momentum is its strong showing in the top half of the Inc. 5000 fastest growing private companies.

The triple-digit growth SciQuest has demonstrated is the result of the efforts of highly satisfied employees doing their best for both customers and shareholders. The Triangle Business Journal's recent recognition of SciQuest as one of the top 45 Best Places to Work was based on employee responses to a survey conducted by a third-party research firm. The results showed that employees rated SciQuest in the 90th percentile and higher on aspects such as effective teamwork, trust of co-workers, ability to make individual contributions and overall satisfaction with their role in the organization.

Employees appreciate the effort management places on creating a work environment that fits their lives as evidenced by Carolina Parent's recognition of SciQuest in their annual North Carolina Top 40 Family Friendly list earlier this year.

"SciQuest is finishing up another year of significant growth," states Stephen Wiehe, president and CEO of SciQuest. "We greatly appreciate the efforts of our dedicated employees to meet the needs of our customers and are proud of the recent recognitions reflecting the environment, software, and growth we have been working so hard to build."

About SciQuest, Inc.
SciQuest is the global leader in helping academic and research-centric organizations realize the potential of strategic procurement. The company's specialized knowledge, on-demand software, and services-first approach empower more than 100 of the best-known academic, pharmaceutical, biotechnology and research organizations to manage spend, drive ROI, and advance their critical missions.

SciQuest's strategic procurement solutions are strengthened by a deep understanding of the higher education and research environments combined with a broad supplier network for everything from lab equipment to office supplies to services. The company's intuitive, online shopping experience and diverse supplier offerings are proven to increase user adoption and contract compliance. Through software-as-a-service (SaaS) deployment, organizations can quickly implement the right eprocurement solution, whether it's a robust shopping platform for existing eprocurement tools or to fully enable all aspects of purchasing from sourcing to settlement.

For more information about SciQuest, please call (919) 659-2100.

North Carolina Media Relations: Savvy Marketing Group for SciQuest Grace Ueng 919-319-8538
grace@savvymarketinggroup.com.