SciQuest Continues to Surpass Milestones for Customer Wins, Growth and Market Share; Remains Clear Eprocurement Leader for Academic and Research-Centric Org...(l help SciQuest continue to aggres...)

SciQuest continue to aggressively pursue its plans to expand its

customer base globally.

*Industry recognition -- SciQuest's success garnered a number of

national and local honors in 2007, including being named to the Inc.

5,000 list of the fastest growing private companies in America, and the

Triangle Business Journal's "Fast 50" ranking of the fastest growing

private companies in the region, as well as the receipt of 2007 "Growth

Company of the Year" awards from the Council for Entrepreneurial

Development and the North Carolina Technology Association. The

Triangle Business Journal also recognized SciQuest as a "Best Place to

Work."

"SciQuest's focus on research-centric organizations with a superior software-as-a-service-based eprocurement solution has enabled the company to outperform competitors," said Stephen Wiehe, president and CEO of SciQuest. "Our strong financial performance, industry recognition and leading customer-base have clearly positioned us as the eprocurement market leader for academic and research-intensive organizations."

Astute Decisions, Business Model Drive Momentum

SciQuest's success today is a direct result of decisions made over the

last six years that have transformed the company, including:

*Adopting a new business model -- In 2002, Wiehe and his team reinvented

SciQuest's business model from a transactional online marketplace that

bought and sold research goods to a provider of on-demand eprocurement

solutions that leverage the company's expertise in research-intensive

fields. As one of the first companies to deliver its solution through

the software-as-a-service (SaaS) model, SciQuest provides customers

with eprocurement capabilities that don't tax their IT infrastructure,

encourage adoption and ensure sustainable revenue.