National Defense Contractor Selects SciQuest to Improve Spend Management

SciQuest, Inc. (Nasdaq: SQI), the leading public provider of spend management solutions delivering value beyond savings, today announced a leading national defense contractor will streamline its spend management by deploying SciQuest’s integrated procurement solutions. The company, which provides systems integration and technical services, will use SciQuest to gain greater visibility and control into its global spend.

As a growing company in the defense industry, the contractor needed a single solution to manage spend and comply with the multiple complex federal regulations defense suppliers must adhere to. The company has referenced Department of Defense compliance requirements to meet, including International Traffic in Arms Regulations (ITAR) for data handling and visibility. SciQuest holds the ability to specifically address these compliance issues.

Additionally, the company was continuing to expand its global defense contracts. When combined with federal regulation requirements, the company needed immediate visibility and control over global spend. Moreover, as the contractor continues to grow, it needs to be able to track and manage global spend that spanned continents, currencies and regulations without a significant amount of manual processes.

Through the agreement, the contractor will implement SciQuest’s source-to-settle solutions, including:

• Spend Radar, to conduct the comprehensive, accurate analysis necessary to drive and measure cost saving.
• Sourcing Director, to expand control and management of the sourcing process.
• Total Contract Manager, to enable optimization of the entire contract lifecycle, using a single repository for all vendor contracts.
• Total Supplier Manager, to achieve a reduction in risk exposure brought by suppliers, a greater depth of and visibility into supplier data, and consistent and accurate supplier data for supporting sourcing and procurement strategies.
• Spend Director, to transform the procurement function by driving organizational spend to preferred suppliers, bringing more spend into compliance, delivering significant cost savings and gaining efficiencies through automation.
• Accounts Payable Director, to transform the procurement function by driving organizational spend to preferred suppliers, bringing more spend into compliance, delivering significant cost savings and gaining efficiencies through automation. to eliminate tedious manual data entry, free up valuable resources and present an opportunity to make a significant impact to an organization’s bottom line.

“Companies across all industries need to understand where money is being spent, that the entire organization is following industry compliance requirements and that data is completely secure,” said Stephen Wiehe, president and CEO of SciQuest. “Defense organizations in particular must completely understand spend and the impact it has on the business while remaining compliant at all times. By partnering with this defense contractor, we will be able to efficiently address these concerns so they can focus on their own business, ensuring its success.”

About SciQuest

SciQuest (Nasdaq: SQI) is the leading public provider of spend management solutions delivering value beyond savings. Through the continued release of key innovative technology and a fanatical drive toward making our customers successful, we deliver exceptional value in user experience, productivity and operational efficiency. Our cloud-based, mobile-enabled, source-to-settle platform addresses all stages of procurement from the automation of core processes to enabling sophisticated, strategic and multifaceted sourcing solutions. We specialize in handling simple procurement needs to the most advanced supplier and supply chain requirements. SciQuest serves a wide range of industries and organizations including many of the Global Fortune 500. For more information visit http://www.sciquest.com.

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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 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 http://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.

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