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SciQuest Announces Strategic Alliance with Ceiba Solutions
Date:2/10/2009

Partnership Enables Life Sciences Companies to Accelerate Time to Value of Enterprise Eprocurement

DALLAS, Feb. 10 /PRNewswire/ -- SciQuest, Inc., the global leader empowering enterprises to realize the potential of strategic procurement, today announced the formation of a partnership with Ceiba Solutions, Inc., a leading IT firm that specializes in efficient business application integrations to help customers achieve a best-in-class environment that supports and synchronizes their business processes. This partnership will enable life sciences organizations to enhance their investment in enterprise resource planning (ERP) systems by quickly and seamlessly integrating with leading strategic procurement solutions delivered by SciQuest. The announcement was made at SciQuest's annual NextLevel conference, the industry's leading forum for procurement professionals.

"The integration of eprocurement and ERP solutions enables life sciences companies to automate financial management processes while gaining unprecedented visibility into enterprise-wide spending," said Jamie Duke, COO of SciQuest. "SciQuest's solutions integrate with any ERP system. Ceiba Solutions has successfully and repeatedly delivered the integration between ERPs, or financial systems of record, and SciQuest's eprocurement solution with ease and speed for life sciences customers."

Ceiba Solutions provides composite software and services to help customers streamline and orchestrate business processes to meet corporate objectives. Ensuring accurate, fast synchronization of data and related workflow for purchase orders, supplier profiles, master data files and general ledger accounts used between SciQuest eprocurement solutions and ERP systems, such as Ross, Oracle and Lawson, is Ceiba Solutions' core competency. Through the partnership, SciQuest and Ceiba Solutions will work together to offer integrated solutions and services, a reflection of SciQuest's continual efforts to offer a wide range of integration options and solutions that meet customers' unique business needs.

"Our agile methodology, industry expertise and integration solutions ensure that mission-critical systems are optimized to support the business with minimal administrative or IT involvement," said Tom Arneman, president of Ceiba Solutions. "Our solutions offer a cost-effective and proven way to quickly achieve the competitive advantage that results when eprocurement and ERP systems work together seamlessly."

Eprocurement in the Life Sciences: On the Rise

Leading-edge life sciences organizations see eprocurement not only as a proven way to generate savings through strategic sourcing and better terms and conditions with suppliers, but also to bring greater efficiency to research and development efforts.

Several well known pharmaceutical companies are currently leveraging the strategic alliance between Ceiba Solutions and SciQuest to cost effectively and quickly integrate their eprocurement solutions and ERP systems, a key step in creating a closed loop system that eliminates the time-consuming manual purchasing processes so common in the lab environment. As a result, researchers at these organizations enjoy fast and easy access to the critical supplies that are typically purchased ad hoc as experiments evolve--a hallmark of effective, results-oriented research and development operations.

About Ceiba Solutions, Inc.

Ceiba Solutions Inc. is a software company, helping customers streamline and extend business processes through composite software development and application integration. The company has a significant track record with mid-market companies in the process industries, and a focus in the Life Sciences.

Using its own application integration software product (CDI), and an Agile Development methodology, customers join in a unique, close-knit process with Ceiba developers. The result is working business software that exactly matches the way people operate, implemented in a fraction of the cost and time compared with traditional approaches.

Ceiba's Open Standard, J2EE platform, low-cost middleware toolset, and managed application services delivery model are ideal for price-sensitive projects.

For more information, please visit www.ceibasolutions.com, or call (978) 368-0542

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 e-procurement 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.

    SciQuest media contact:
    Ken Phillips
    Davies Murphy Group
    781-418-2437
    kphillips@daviesmurphy.com


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SOURCE SciQuest, Inc.
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