SciQuest Celebrates 20th Anniversary with Focus on the Future and New, Bold Brand

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

SciQuest, Inc. SQI, the leading public provider of spend management solutions delivering value beyond savings, today celebrated its 20^th anniversary by revealing a new brand. This revamped brand was created to reflect the company's unique ability to solve its customers' complex spend management problems and its commitment to continue to evolve its solutions to meet the ever-changing needs of business.

The brand refresh coincides with SciQuest's completion of its platform update, which provides procurement practitioners with a fully integrated suite of spend management solutions that help customers capture value beyond savings and power success. Customers can now complete the entire source-to-settle process in one location, allowing companies to better manage the increasingly complex procurement industry now and in coming years.

"For two decades, SciQuest has been dedicated to simplifying procurement. Our roots in science and education help us remain grounded in how critical our mission is and what our customers need," said Karen Sage, chief marketing officer of SciQuest. "An incredible amount of science – from analytics and big data to programming and mobile technology – fuels the success we help our customers achieve every day. Our new brand embraces that."

SciQuest's new brand includes a new logo, tone and website that represent its focus on the future with bolder colors, more contemporary design and an emphasis on solutions the company delivers for its customers. The brand reflects the company's key goals for its next decade:

• Unwavering commitment to customers and their success
• Continuing alignment with the company's expansion into new markets
• Leading advancements in procurement technology by leveraging cloud and mobile capabilities
• Maintaining a process that keeps the complexities of an end-to-end source-to-settle process "behind the scenes"
• Ongoing growth and transformation that enables innovation for the future
• Igniting employees' energy and passion for building new and better solutions

"Our company has spent the past four years building an end-to-end spend management platform that is second to none," Sage said. "With that important work behind us, we are now focused on showing businesses across all verticals that we have the best and most powerful solutions for their complex procurement needs."

To recognize both the 20^th anniversary of the company's incorporation and fifth anniversary since becoming a public company, SciQuest executives will ring today's Opening Bell at the Nasdaq MarketSite in Times Square. A webcast of the ceremony will be available at https://new.livestream.com/nasdaq/live or http://www.nasdaq.com/about/marketsitetowervideo.asx.

About SciQuest

SciQuest 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.

To join the conversation, please visit our blog at http://www.sciquest.com/blog or follow us on Twitter @SciQuest.

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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