SciQuest Joins Key Federations to Improve Standards and Interoperability for Higher Education Customers in the United States and Canada

Standards-based Technology Helps SciQuest Deliver Faster and More Secure Integration and Deployment of Online Resources to Users

CARY, N.C.--(BUSINESS WIRE)--SciQuest, Inc. (NASDAQ: SQI) a leading provider of on-demand strategic procurement and supplier management solutions, today announced that the Company has joined the InCommon Federation and the Canadian Access Federation (CAF).

“By supporting these federations, we are helping our customers reduce the costs associated with building and maintaining a single sign-on for SciQuest. SciQuest continues to develop key industry relationships and product innovations that help our customers more quickly realize spend savings.”

Both federations maintain common frameworks that enable higher education member institutions to quickly and safely integrate with and access key business systems such as SciQuest, extending the cost-saving and efficiency benefits to users. Working closely with these federations allows SciQuest to maintain, support and drive standards that ultimately benefit users.

“SciQuest joined the InCommon Federation and the Canadian Access Federation in direct response to feedback from our higher-learning institution customers,” said Max Leisten, market director for Higher Education, SciQuest. “By supporting these federations, we are helping our customers reduce the costs associated with building and maintaining a single sign-on for SciQuest. SciQuest continues to develop key industry relationships and product innovations that help our customers more quickly realize spend savings.”

About SciQuest

SciQuest (NASDAQ: SQI) is a leading provider of an integrated, web-based end-to-end eProcurement solution that enables users to realize significant efficiencies and savings on their purchases of indirect goods and services. SciQuest’s unique industry segment expertise and innovative “source-to-settle” approach to eProcurement enables Fortune 1000 companies and organizations in the higher education, life sciences, healthcare and public sector markets, as well as other industries, to identify savings opportunities they may otherwise have missed, while improving contract management, compliance and supplier management. SciQuest’s solutions help customers turn spending into a source of savings.

SciQuest is a registered trademark of SciQuest, Inc. Other trademarks contained herein remain the property of their respective owners. For more information about SciQuest, please visit www.sciquest.com or call 888-638-7322 in the U.S. or [phone] in Europe.

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.