Spend Management Industry Flocks to NextLevel 2014

ORLANDO, Fla. & CARY, N.C.--(BUSINESS WIRE)--

SciQuest, Inc. SQI, the largest pure-play provider of cloud-based business automation solutions for spend management, today announced that NextLevel 2014 once again broke an attendance record, drawing 725 attendees from more than 300 organizations. The three-day event, which has become the industry's largest conference solely dedicated to spend management and advanced sourcing, took place at the Gaylord Palms Resort and Conference Center and packed an agenda full of industry best practices, expert knowledge, and hands-on learning.

This year's attendees included customers, partners and industry experts at organizations including BioGen, Eli Lilly, Johnson & Johnson, Kellogg Company, Office Depot, Wendy's QSCC and various universities and state governments. At this year's event, attendees learned about trends and strategies related to spend analysis, sourcing & supplier management, accounts payable, eProcurement, contract management and more.

The event also served as a forum to honor the achievement of customers during the annual “Questie Award” ceremony. The Questies honor organizations and individuals for their efforts in collaborative purchasing and overall innovation. Customers who received awards were: Tennessee Board of Regents, University of Massachusetts, A.P. Moller-Maersk Group, University of Illinois, City of Raleigh, Josh Sell from Wendy's Quality Supply Chain Co-Op, Trudy Pound-Curtis from York University, Wells Fargo, Case Western Reserve University, University of Colorado, Georgia State University and University of Western Ontario.

“Each year, the entire team at SciQuest looks forward to NextLevel because it is the ultimate showcase for the hard work and successes achieved by customers we work with day in and day out,” said Stephen Wiehe, CEO of SciQuest. “And each year, we see more people at the event who are passionate about their work, committed to excellence in procurement and who benefit from hearing about and discussing each others' experiences. Thank you to everyone who came out.”

Attendees also contributed to a good cause, participating in a silent auction with all proceeds going to the Wounded Warrior Project. Participants raised $4,335 for the charity – a total that SciQuest matched, leading to an $8,670 contribution to the Wounded Warriors Project.

To view the NextLevel 2014 highlights video, visit our Open Kitchen blog.

About SciQuest

SciQuest 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.

To join the conversation, please visit our blog, The Open Kitchen 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 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.