A Best Place to Work, SciQuest Also Receives Fast 50 Award from Triangle Business Journal

CARY, N.C. November 11, 2008 - SciQuest, Inc., the global leader empowering enterprises to realize the potential of strategic procurement, today announced that the company has received two awards from Triangle Business Journal: Best Places to Work and Fast 50. Executives from SciQuest were recognized earlier this year with two additional awards from the local business journal, including the 40 Under 40 Leadership Award and the Women in Business Award.

This year marks SciQuest's third appearance on the list of the 50 fastest growing private companies in the Triangle. 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. With expansion into new markets and a rapidly growing customer base, SciQuest continues to outperform other local and national technology companies, yet maintains a strong focus on its workforce as well as a steadfast commitment to providing customers with industry-leading solutions and support that empower them to realize dramatic cost savings and operational efficiencies.

"Our outstanding workforce is at the heart of every success and recognition that SciQuest receives," said Stephen Wiehe, president and CEO of SciQuest. "Our employees' dedication to providing our customers with leading-edge procurement solutions and round-the-clock support stems from the collaborative culture and gratifying environment that also makes SciQuest a great place to work."

This is the second consecutive year that SciQuest has received Triangle Business Journal's Best Places to Work award. SciQuest was one of 15 mid-size businesses chosen based on an employee survey process conducted by a third-party market research firm. The company's dedication to its workforce is also evident in SciQuest's recognition on the North Carolina Family-Friendly 40 list by Carolina Parent and selection for the Business Champions Award by Business Leader and Wake Tech Community College, both for two consecutive years.

Regarding the Best Places to Work award, Triangle Business Journal publisher Char Grunwaldt noted, "These companies invest in their employees, garner trust among co-workers, manage effectively and create a highly valued culture. That is truly inspiring to other Triangle businesses."

Winners of the Fast 50 award are highlighted in the November 7th edition of Triangle Business Journal and Best Places to Work award winners were featured in the September 26th edition.

About Triangle Business Journal
Triangle Business Journal, a weekly business newspaper, is the leading provider of local business news for the Raleigh-Durham-Chapel Hill area of North Carolina. Triangle Business Journal also publishes special publications such as SPACE, Living in the Triangle, Luxury Living, Research Triangle Relocation Guide and Book of Lists. In addition to producing an award-winning news product, TBJ hosts recognized, sold-out events such as Fast 50, Women in Business, 40 under 40, the GREEN Awards and others. At trianglebusinessjournal.com, you will find daily breaking business news, nomination forms for awards, business event listings and resources for those driven to lead in the Triangle region.

About SciQuest
SciQuest's procurement automation and supplier enablement solutions empower leading organizations to realize the potential of strategic procurement. The company's specialized knowledge, on-demand software, and service-first approach enable public and private enterprises across the globe to manage spend, drive ROI, and advance their critical missions.

SciQuest's deep understanding of its served vertical markets combined with a broad supplier network and intuitive, online shopping experience increase user and contract adoption while improving operational efficiencies. Through software-as-a-service (SaaS) deployment, organizations can quickly implement the right eprocurement solution to augment existing ERP investments or 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 in the U.S. or +44 1794 341182 in Europe.

SciQuest is a registered trademark of SciQuest, Inc. Other trademarks contained herein remain the property of their respective owners.

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