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SciQuest Continues to Surpass Milestones for Customer Wins, Growth and Market Share; Remains Clear Eprocurement Leader for Academic and Research-Centric Organizations
Date:1/10/2008

Leading Customers in Key Markets, Differentiated Product Offerings and

Software-as-a-Service Strategy Continue to Drive Record Performance

CARY, N.C., Jan. 10 /PRNewswire/ -- SciQuest, Inc. today announced it has surpassed a significant milestone with the signing of its 100th customer, the University of Oxford, and 16 additional customers during the second half of 2007. This achievement reflects SciQuest's dramatic growth and leadership providing eprocurement products and services for academic, pharmaceutical, biotechnology and other research-intensive organizations.

"SciQuest's expertise and the professional services they offer made us confident in our decision to implement the full suite of eprocurement solutions," said Linda Collins, director of procurement and contract services at the University of California, San Diego. "Instead of managing many separate procurement processes and systems, we have now moved forward with a consolidated solution based on SciQuest's proven technology. We strive to become a leader in procurement innovation and, ultimately, achieve best-in-class recognition."

Notable Achievements in 2007 Included:

*Leading customer base -- More than 60 of the nation's top universities

and nine of the top 15 global pharmaceutical companies rely on

SciQuest's modular suite of procurement automation and supplier

enablement solutions to reduce costs, improve productivity and increase

visibility for enterprise-wide spend management.

*Global expansion -- SciQuest continued to pursue its next phase of

rapid growth by securing new business and expanding existing

relationships with several European customers. The recent hires of

Ralph Mazza as vice president of global professional services and

supplier enablement, and Brad Stevens as vice president of marketing

and strategy, along with an augmented presence in Europe, wil
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SOURCE SciQuest, Inc.
Copyright©2008 PR Newswire.
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