SciQuest’s Charitable Fund Donates to Organizations Dedicated to Disease and Medical Research

SciQuest, Inc. (NASDAQ: SQI), a leading provider of cloud-based business automation solutions for spend management, today announced the latest recipients of donations from its SciQuest Charitable Fund. The grants support SciQuest’s focus in 2014 on organizations dedicated to disease and medical research. SciQuest, working with the Triangle Community Foundation, created the fund in 2011.

Twice a year, the SciQuest Charitable Fund makes donations to both national and regional 501c3 organizations. In addition to supporting local North Carolina charities, SciQuest also selects a charity near one of its other locations to support. Since its inception in 2011, the SciQuest Charitable Fund has donated $140,000 to 20 organizations.

The recipients for the 2014 Spring donation include:

Prevent Blindness North Carolina (PBNC) is an organization whose mission is to prevent blindness and preserve eyesight. PBNC honors the importance of professional vision care and emphasizes the critical public health role that vision screening plays in the continuum of care. SciQuest’s donation supports its “Star Pupils” Program, which puts focus on “little eyes with big futures”, removing poor vision as a barrier for children, increasing academic success and reducing incidence of unnecessary vision loss. PBNC provides free training, screening, and follow up services within the North Carolina childcare and public school network so that vision problems can be detected early and corrected to not only improve quality of life, but also help children enter school each day ready to see and learn.

Metropolitan Chicago Breast Cancer Task Force is an organization whose mission is to serve as a catalyst to reduce racial, ethnic and class disparities in breast cancer death rates in Metropolitan Chicago. The charitable donation from SciQuest helps fund “Improving Quality of Prevention and Early Detection Health Services Using Breast Cancer as a Model”. Its goal is to improve the quality of breast health services that are routinely accessed by low income women who are either uninsured or publicly insured through Medicaid. The project will expand the collection of treatment quality data, expand reports to mammography facilities, and conduct data analysis regarding the effectiveness of primary care referrals to breast health services.

Me Fine Foundation is an organization that provides financial and other necessary resources to families and caregivers of critically ill children at Duke University Medical Center and North Carolina Children’s Hospital, regardless of race, diagnosis, economic status or religion. The organization was founded in 2005 by Lori Lee after she lost her son to AML leukemia. Major areas of financial need include building new office space to support its growth, hiring a development director, and initiating services in WakeMed Children’s Hospital. SciQuest will begin providing assistance in that facility as soon as funding is obtained.

“All of us at SciQuest are very proud of our role as stewards of the local and global community,” said Stephen Wiehe, president and CEO of SciQuest. “Over the three year history of the SciQuest Charitable Fund, we’ve worked with so many wonderful organizations that are dedicated to empowering and improving the lives of the people with which they come in contact. I look forward to following their impact.”

About Triangle Community Foundation

Triangle Community Foundation is a nonprofit that manages over $160 million in funds established by families, businesses, individuals, and organizations. From these funds, it makes grants to nonprofit organizations and administers a variety of programs for the community’s benefit. The Foundation manages over 790 funds, ranging in size from $10,000 to $7 million, mainly for the benefit of Wake, Durham, Orange and Chatham counties. During the 2012-2013 fiscal year, the Foundation granted more than $13 million to nonprofits, schools and community efforts.

About SciQuest

SciQuest (NASDAQ:SQI) is the largest publicly held pure-play provider of cloud-based business automation solutions for spend management – offering deep domain knowledge and a leading, customer-driven portfolio. SciQuest solutions enable greater visibility and compliance organization-wide to help you gain control, optimize efficiencies and reduce spend. These cloud-based solutions are easier to implement and proven to deliver measurable, sustainable value with SciQuest’s high-touch support, analysis and automation. Learn more about our solutions and how we can help your organization turn spending into savings at www.sciquest.com.

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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 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 are discussed in “Part I, Item 1A, Risk Factors” and elsewhere in SciQuest’s most recent Annual Report on Form 10-K and other reports, as filed with the United States Securities and Exchange Commission (“SEC”). The company’s SEC reports are available free of charge on the SEC's website at http://www.sec.gov or on the company’s website at www.sciquest.com. These forward-looking statements speak only as of the date hereof, and SciQuest undertakes no obligation to update, amend or clarify any forward-looking statement for any reason. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.