SciQuest Customer Virginia Tech Named to InfoWorld 100

CARY, N.C. November 24, 2008 - SciQuest, Inc., the global leader empowering enterprises to realize the potential of strategic procurement, today announced that its customer Virginia Polytechnic Institute and State University has been named to the InfoWorld 100 list. Virginia Tech was selected for its success in developing and implementing one of the largest and most far-reaching efforts to automate paper-based procurement and business processes in higher education. SciQuest's eprocurement platform was a key component of the University's procurement transformation.

"Procurement automation has the potential to radically improve services and drive efficiencies while generating enormous costs savings," said Tom Kaloupek, director of materials management at Virginia Tech. "It's not just about going online to purchase items, it's about implementing the right set of technologies and processes to provide greater insight and transparency into where, how and with whom money is being spent. We are pleased to have received this recognition for our team's success in making this a reality at Virginia Tech."

The InfoWorld 100 awards honor companies for IT projects that exemplify intelligent, creative uses of technology to meet business and technical objectives. To be considered, projects must use multiple technologies in innovative ways to serve well-defined business goals.

"Breathing new life into outdated operations, advancing business goals with inventive use of technology -- this year's winners demonstrate, once again, that innovative, business-minded IT is the lifeblood of successful organizations," said Jason Snyder, Senior Editor for InfoWorld.

Virginia Tech Turns to SciQuest to Support its Procurement Transformation
Virginia Tech sought to transform the procurement department from a processing center into a strategic leader focused on serving users and generating savings. The benefits of such a transformation would enable the department to reduce the costs of goods and services, free staff from paper-laden, time-consuming administrative processes and eliminate off-contract purchases. It would also empower Kaloupek and his team to aggregate Virginia Tech's enormous buying power to achieve savings and more favorable terms and conditions with suppliers.

To achieve this goal, Kaloupek looked for a procurement technology that could engage all participants - including faculty, staff and suppliers - in an online e-commerce marketplace and integrate with the University's existing financial systems to automate every step of the purchasing process from sourcing to settlement. User adoption was also a critical concern; the project would require more than 4,000 users to fundamentally change how they work - all without interfering with year-round, daily operations at the University.

"SciQuest's on-demand eprocurement solution provided the basis for our transformation because it encourages high user adoption - critical to any successful IT implementation - through an intuitive online shopping platform that allows users to easily search for and purchase the items they need," added Kaloupek. "SciQuest also integrates with our financial system SunGard Higher Education Banner, which enables us to streamline the workflow from purchase through approval and payment. With our new SciQuest-enabled ‘HokieMart' we are now managing more than $280 million in transactions per year."

"Virginia Tech provides another shining example of how strategic procurement can dramatically impact the bottom line, while driving innovation and progress," said Stephen Wiehe, SciQuest's president and CEO. "Opportunities to modernize the one function that can help relieve financial pressures can't be overlooked in today's economy. Tom and his team deserve this recognition because they are among a select group of leaders in higher education that is pioneering the use of best practices, technologies and talent from business and IT to bring this modernization to their institutions."

About InfoWorld Media Group
InfoWorld Media Group helps Senior IT Decision Makers choose the right technology, within the context of a cohesive strategy, for business impact at their organizations. Rather than merely covering the enterprise technology market, InfoWorld identifies and promotes emerging technology segments that add unique value for the organizations that implement them, as well as the vendors that provide those solutions. Using an integrated communications approach including online, events, research, and a continued investment in an independent Test Center, InfoWorld analysts and editors provide both hands-on analysis and evaluation, as well as expert commentary on issues surrounding emerging technologies and products. Visit InfoWorld at http://www.infoworld.com.

About International Data Group
International Data Group (IDG) is the world's leading technology media, events, and research company. IDG's online network includes more than 450 web sites spanning business technology, consumer technology, digital entertainment and video games worldwide. IDG also publishes more than 300 magazines and newspapers. Media brands are in more than 90 countries and include CIO, CSO, Computerworld, GamePro, InfoWorld/TechWorld/TecChannel, Macworld, Network World, and PC World. The company's lead-generation service, IDG Connect, matches technology companies with an audience of engaged, high-quality IT professionals, influencers, and decision makers.

IDG is a leading producer of more than 750 technology-related events including Macworld Conference & Expo, OpenSource World, E3, DEMO, Storage Networking World, and IDC Directions. IDC, a subsidiary of IDG, is the premier global provider of market intelligence, advisory services, and events. Over 1000 IDC analysts in more than 100 countries provide global, regional, and local expertise on technology and industry opportunities and trends.

Additional information about IDG, a privately held company, is available at http://www.idg.com

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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