SciQuest Named to the 2008 Supply & Demand Chain Executive 100

CARY, N.C., July 30, 2008 - SciQuest, Inc., the global leader empowering enterprises to realize the potential of strategic procurement, today announced that the company has been named a Supply & Demand Chain Executive 100 leader in the magazine's June/July 2008 issue. SciQuest once again joins this prestigious list of "next- wave" supply chain leaders. The annual listing compiled by Supply & Demand Chain Executive magazine features the 100 supply chain solution providers, consultants and other organizations that are driving supply chain innovation by providing their customers with unique software, solutions or services to address their current and future supply chain challenges.

"Corporate executives and line-of-business leaders want to know what innovative supply chain solution and service providers are doing to help companies meet the challenges of the 21st century supply chain," explained Andrew K. Reese, editor of Supply & Demand Chain Executive. "This year, the magazine focused the criteria for its ‘100' feature on the ‘next wave' of supply chain innovation. SciQuest's solutions certainly fit that description and we are pleased to once again include the company on our annual list."

SciQuest was chosen for its innovation and leadership addressing indirect purchasing needs. To date, organizations have been challenged to tackle this segment of the supply chain with effective solutions. While ERP systems are successful in the purchase of direct goods and services, they were not designed with the general end user in mind or ad hoc purchases that typify indirect spend. Most procurement professionals have found them to be ineffective at bringing indirect spend under management and, in most cases, they are simply too complex for end users.

The "next wave" of supply chain innovation is focused on the savings and efficiencies that can be gained by streamlining the purchase of indirect goods and services with the same success companies have realized in the direct supply chain. The rise of software-as-a-service (SaaS) solutions provides a perfect platform upon which eprocurement solutions can be built to address this evolution and manage what, until recently, was the last uncharted mile in the supply chain.

SciQuest has emerged as a leader in this next wave. The company not only delivers the benefits of SaaS, SciQuest's eprocurement solutions are strengthened by a deep understanding of customers' purchasing requirements that result in an exceptionally intuitive and easy-to-use solution for end users, suppliers, procurement professionals and financial leaders.

"We are excited to be named to the Supply & Demand Chain Executive 100 again," said Stephen Wiehe, SciQuest's president and CEO. "There are enormous process efficiencies and savings to be gained by bringing the purchase of indirect goods and services under management. To accomplish this, procurement must evolve from a processing function into one that strategically engages all participants in the purchasing process. SciQuest has focused on addressing this underserved market with solutions that take full advantage of our SaaS platform to facilitate a new approach to procurement automation that is accessible to all users and automates the entire indirect purchasing process."

SciQuest continues to receive numerous accolades for its technology innovations and business success. In addition to the Supply & Demand Chain Executive 100, SciQuest was recently named one of the 100 best privately-held software companies on JMP Securities' "Hot 100" list and added to the Triangle Business Journal's Fast 50 list-where evaluation by Pricewaterhouse Coopers LLP determined that SciQuest one of the fastest growing software companies in North Carolina's Research Triangle.

About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web at www.SDCExec.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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