SciQuest Continues to Surpass Milestones for Customer Wins, Growth and Market Share; Remains Clear Eprocurement Leader for Academic and Research-Centric Org...(for higher education and research. With ...)

Date:1/10/2008

for higher education and research. With annual research funding of nearly $700 million, UCSD ranks fifth in the nation-and first in the UC system -- in federal R&D expenditures. UCSD faculty and graduate programs have been ranked 10th best in the nation by the National Research Council. The campus, which enrolls more than 25,000 students, has one of the nation's highest percentages of faculty elected to the prestigious national academies.

About SciQuest

SciQuest is the global leader in helping academic and research-centric organizations realize the potential of strategic procurement. The company's specialized knowledge, on-demand software, and services-first approach empower more than 100 of the best-known academic, pharmaceutical, biotechnology and research organizations to manage spend, drive ROI, and advance their critical missions.

SciQuest's strategic procurement solutions are strengthened by a deep understanding of the higher education and research environments combined with a broad supplier network for everything from lab equipment to office supplies to services. The company's intuitive, online shopping experience and diverse supplier offerings are proven to increase user adoption and contract compliance. Through software-as-a-service (SaaS) deployment, organizations can quickly implement the right eprocurement solution, whether it's a robust shopping platform for existing eprocurement tools or to fully enable all aspects of purchasing from sourcing to settlement.

For more information about SciQuest, please visit http://www.sciquest.com or call 877-710-0413 in the U.S. or +44 1794 341182 in Europe.

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. Copyright©2008 PR Newswire. All rights reserved

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