SciQuest CFO Jennifer Kaelin Receives 40 Under 40 Leadership Award

CARY, N.C., May 9, 2008 - SciQuest, Inc., the global leader in helping academic, healthcare and research-centric organizations realize the potential of strategic procurement, today announced that that company CFO Jennifer Kaelin was named by Triangle Business Journal as a 2008 40 Under 40 Leadership Award winner. The Triangle's most influential and highly accomplished young leaders were recognized at Triangle Business Journal's 40 Under 40 Leadership gala on Friday, May 2, 2008, at the North Ridge Country Club in Raleigh.

Kaelin has played a critical role in the SciQuest turnaround and growth story, which received recognition in 2007 by both the CED and NCTA with their respective Growth Company of the Year awards. Examples of Kaelin's accomplishments include initiating a detailed planning and budgeting process, creating a set of key metrics, managing the company's cash cycle to ensure optimal results, implementing a revenue recognition software package within the financial reporting system, and creating a communications plan that provides key stakeholders with company results on a timely basis.

"Jennifer's biggest accomplishments in 2007 included making SciQuest solidly cash flow positive and building a strong team that is prepared to scale," states Stephen Wiehe, president and CEO of SciQuest. "Jennifer has achieved early career success with an intense focus, intelligence, and caring approach to her work. Her future promise is limited only by the number of hours in a day - she can accomplish any goal she sets for herself."

Prior to SciQuest, Kaelin was corporate controller at Art.com and also served as controller for Moduslink. She was also a financial analyst for IBM and worked for several years as an auditor for Coopers & Lybrand. Kaelin holds a master's in accounting and a bachelor's degree in business administration from the University of North Carolina at Chapel Hill, and is a certified public accountant.

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, The Business of Law, Luxury Living, Research Triangle Relocation Guide and Book of Lists. In addition to its award-winning editorial, TBJ hosts recognized, sold out events such as Fast 50, Women in Business, 40 under 40 and others. At www.trianglebusinessjournal.com you will find daily breaking business news, nominations for awards, business events and resources for those driven to lead in the Triangle region.

About SciQuest
SciQuest is the global leader in helping academic, healthcare and research-centric organizations realize the potential of strategic procurement. The company's specialized knowledge, on-demand software, and service-first approach empower more than 100 of the best-known academic, pharmaceutical, biotechnology, research hospitals, and ambulatory surgical 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 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 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.

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

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