SciQuest, Inc Wins Business Leader Magazine's Business Champions Award

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CARY, N.C., April 03, 2007 – SciQuest, Inc., a leading provider of on-demand supplier management and procurement automation solutions, announced that the company is a recipient of the Business Champions Award presented by Business Leader magazine and Wake Tech Community College.

The Business Champions Awards pay tribute to local organizations for their contributions to the Triangle area workforce through extensive training programs, job creation and revenue growth. The award was created to honor those businesses that best exemplify these attributes, making the community a stronger, more vibrant place to work and live – all attributes of SciQuest’s strategic vision and core values.

“This award is a testament to the many accomplishments and dedicated service of the entire SciQuest team as well as to our commitment of fostering a dynamic working environment,” said Steve Wiehe, SciQuest president and CEO. “Each of these factors helps make our company one of the fastest growing and best technology companies to work for in the Triangle.”

The Business Champions Award comes at a momentous time for SciQuest, as the company experienced its first cash-flow positive year in 2006. In addition, SciQuest hit several other major milestones in the company’s history, including the signing of approximately $30 million in new business, global expansion into the European marketplace, and the development of numerous customer and partner relationships. SciQuest has already earned several key accolades this year, such as the Triangle Business Journal’s Fast 50 program, which acknowledges private companies with the greatest revenue growth over a three-year period.

SciQuest’s continued success can be attributed, in part, to its dedicated team of employees. The company fosters a collaborative working environment where input from all levels is welcome, great ideas can thrive, and debate and open discussions are the norm. SciQuest will continue growing its core team throughout 2007 as the company further expands in the European Union, penetrates more deeply into existing markets, and continues investing in its software-as-a-service (SaaS) solution delivery approach.

The Business Champions Awards honored 26 local businesses in four categories, including: healthcare, business/technology, computer/engineering and applied technologies/trade industries. Winners were recognized at an awards luncheon on March 27 at the Embassy Suites Hotel in Cary and will be profiled in the Business Leader special Business Champions issue in May.

About Business Leader Media
Business Leader Media is publisher of Business Leader magazine, The Park Guide, Corporate Relocation Guide, Triangle Real Estate and Women in the Triangle. The company is dedicated to helping businesses in the Research Triangle Region of North Carolina grow by showcasing area companies and allowing them to tell their stories and share their expertise in a positive and trusted editorial environment. For more information on Business Leader Media, visit www.businessleader.com.

About Wake Tech Community College
Wake Technical Community College (Wake Tech) is a two-year, public institution providing an open door to education and training for the citizens of Wake County and surrounding communities. Known as “College for the Real World,” the college provides a comprehensive array of learning opportunities. As the second largest community college in the state, Wake Tech provides customized workforce training for new and expanding industries and a cooperative education program that interfaces with the corporate community. For more information, please visit www.waketech.edu.

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.

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SciQuest and SelectSite are registered trademarks of SciQuest, Inc. HigherMarkets is a trademark of SciQuest, Inc.

Media Relations:
SciQuest
Laura Grover
919.659.2159

Xign Corporation
Christopher Rauen
925-251-4514
chris.rauen@xign.com