Wide Array of Products and Services Enables Ariba Users to Move Rapidly Into a Comprehensive Cloud-based Source-to-Settle Suite
CARY, N.C., June 13, 2012 – SciQuest, Inc., (NASDAQ: SQI) a provider of on-demand source-to-settle solutions, today announced the SciQuest Ariba Migration Program, which provides Ariba users with a full suite of products and services designed to help them accelerate movement to a true cloud-based source-to-settle solution. SAP’s recently announced intention to acquire Ariba does not seem to address Ariba customers’ strong and growing need to realize the benefits of 100-percent cloud-based computing. In fact, the SAP/Ariba arrangement appears to have increased the uncertainty and confusion among Ariba’s customer base about their roadmap to achieve this goal.
SciQuest is in a unique position to provide Ariba users with the products and services required to start an efficient and painless transition today. With Ariba’s slower adoption of cloud-based technologies, many Ariba customers are looking for solutions to migrate their entire source-to-settle process to the cloud. SciQuest provides an open, comprehensive solution that delivers best-in-class functionality from supplier information management, sourcing, contract lifecycle management, eProcurement and accounts payable. SciQuest’s solution integrates seamlessly with leading ERP systems, which can help Ariba users quickly and cost-effectively navigate technology implementations. Additionally, SciQuest’s focus on customer service, including dedicated and proactive client partner teams, ensures that customers are getting the most ROI from their solutions.
“SciQuest has a well-established lead in bringing cloud-based computing to this market,” said Stephen Wiehe, president and CEO of SciQuest. “With our new Ariba migration program, customers can realize several unique benefits that our solution provides: it’s 100-percent in the cloud, there are no supplier network fees, it’s a comprehensive full-suite source-to-settle solution, and it’s all backed by top-notch customer service. No other vendor can provide this combination of products, services and a no-fee active supplier network. With all the uncertainty about Ariba’s future product direction, we are confident that the rapid benefits of this program and certainty of our solution can greatly help Ariba customers.”
The SciQuest Ariba Migration Program includes:
- Annual software license fee discount of 25 percent
- Services discount of 30 percent
- Flexible payment options customized to fit customers’ business needs
- 20 free supplier connections, ensuring seamless connection with your top business partners via SciQuest’s source-to-settle solution
- Two free attendance passes to the SciQuest annual Next Level conference
- Access to SciQuest’s supplier network of more than 150,000 active participants
- As has been our normal practice, no supplier transaction fees
- Outstanding customer service, with an unmatched 98 percent satisfaction rate
SciQuest Ariba Migration Program products and services are available immediately to existing Ariba customers only. To take advantage of the program discounts, the solution must be purchased by the end of the year. For more information, please go to www.sciquest.com/ariba-alternative.
SciQuest (NASDAQ: SQI) provides organizations with a comprehensive suite of on-demand source-to-settle software solutions, driving cost and efficiency savings across the supply chain. By improving supplier management, negotiating more strategic contracts, generating an online marketplace for purchasing goods and services, and streamlining the accounts payable process, SciQuest customers turn spending into a source of savings.
With unmatched visibility into spending, combined with the Power of Q — the Company’s unique combination of products and support — SciQuest provides organizations with a strategic approach to procurement, improving bottom-line results.
Cautionary Note Regarding Forward-Looking Statements
Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors” section of our Registration Statement on Form S-1 and other required reports, as filed with the SEC, which are available free of charge on the SEC’s website at http://www.sec.gov or on our website at www.sciquest.com. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These forward-looking statements speak only as of the date hereof, and we undertake no obligation to update, amend or clarify any forward-looking statement for any reason.
SciQuest Media contacts:
Schwartz MSL for SciQuest
Keith Giannini, 1-781-684-0770
SciQuest Investor contact:
Garo Toomajanian, 1-800-550-6380