SciQuest Confirms Final Distribution by Major Shareholder

SciQuest, Inc.

has announced that it has been informed by Trinity Ventures, that funds managed by Trinity Ventures have completed the distribution of its shares of SciQuest common stock to its partners. As a result of the distribution, Trinity Ventures no longer owns any shares of SciQuest common stock. Further details regarding this distribution can be found in Form 4 filings made in connection with this distribution.