SciQuest Gives Back: Charitable Donations Focus on Medical Research and Disease

MORRISVILLE, N.C.--(BUSINESS WIRE)--

SciQuest, Inc. SQI, a leading provider of cloud-based business automation solutions for spend management, today announced the latest charitable contributions from its SciQuest Charitable Fund. The latest round of donations support organizations dedicated to disease and medical research. Working with the Triangle Community Foundation, SciQuest created the fund in 2011 and has worked to identify and donate to worthy causes since its inception.

• Alzheimer Disease Research Center at the University of Pittsburgh, which studies the pathophysiology of Alzheimer's disease (AD) with the aim of improving the reliability of diagnosis of AD and developing effective treatment strategies.
• BEGINNINGS for Parents of Children Who are Deaf or Hard of Hearing, which provides hands-on emotional support, comprehensive objective information about hearing loss and communication options, and technical assistance to parents, helping them access necessary services for their children who are hearing impaired.
• The Chordoma Foundation, which works to improve the lives of chordoma patients by accelerating research to develop effective treatments for chordoma, and by helping patients to get the best care possible.
• Vs. Cancer Foundation, which is dedicated to saving children's lives by empowering athletes and communities to fund lifesaving childhood cancer efforts.

“We are honored to be able to support such a diverse set of charitable organizations dedicated to eradicating disease and helping improve the lives of those afflicted,” said Stephen Wiehe, president and CEO of SciQuest. “We work hard to identify and support organizations that are committed to taking care of others, and the organizations we've chosen to support this year certainly fit that bill.”

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 SQI is one of the leading 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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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 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.