University of Pennsylvania Receives Prestigious Industry Honor from Aberdeen Group

SciQuest Congratulates Valued Customer's Receipt of Aberdeen Group's Performance Excellence Award

CARY, N.C., December 18, 2007 - SciQuest, Inc., the global leader in helping academic and research-centric organizations realize the potential of strategic procurement, today announced that the University of Pennsylvania, a valued customer of more than four years, received the Aberdeen Group's Performance Excellence Award. The University of Pennsylvania was honored for harnessing the performance impacts of service chain activities and mastering methodologies for financial, operational and customer-centric performance excellence.

The University of Pennsylvania was recognized in November at Aberdeen's Chief Procurement Officer's Summit for the development of best practices that demonstrate the full potential of strategic procurement. SciQuest was noted as providing the technology solution to help the University achieve this award.

"We are excited to congratulate Ralph Maier, Penn's chief procurement officer, and the incredible achievements of the University of Pennsylvania for their recognition by Aberdeen with this award," said Stephen Wiehe, SciQuest's president and CEO. "Penn is a prime example of a research-intensive organization using an eprocurement solution to save millions every year in both materials and process efficiency. We are very pleased be part of the solution that makes this possible."

The University of Pennsylvania deploys SciQuest's Spend Director module, which includes a powerful bundle of supplier enablement and catalog management that provides users with a simple and easy purchasing experience. The ease with which professors and researchers can select the materials they need has helped generate high user adoption, which allows the procurement department to better manage spending and keep costs low. The solution is also responsible for the elimination of long turnaround times and approval cycles. The efficiencies gained through the use of SciQuest's solution, including spend management, were one of the main components that led to this award. "Aberdeen was pleased to award our ‘Performance Excellence Award' to the University of Pennsylvania at the 2007 CPO Summit," notes Andrew Bartolini, vice president of Global Supply Management Research at Aberdeen Group. "They are a leading example of how supplier enablement can positively impact procurement performance when the right technologies and practices are employed."

"We are very grateful to be recognized by the Aberdeen Group with this award," said Maier. "Our commitment to harness the full potential of strategic procurement, better serve the university community, and support the University of Pennsylvania's mission would not be possible without the technology and services provided by SciQuest and the realization that we have the tools needed to make our vision a reality."

About SciQuest
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 and contract adoption. Through software-as-a-service (SaaS) deployment, organizations can quickly implement the right e-procurement solution, whether it's a robust shopping platform for existing e-procurement tools or to fully enable all aspects of purchasing from sourcing to settlement.

For more information about SciQuest, please visit www.sciquest.com or call 877-710-0413.

Trademarks contained herein remain the property of their respective owners.

Click here for PDF.