Atlanta Housing Authority Builds On Business Transformation with SciQuest

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

SciQuest, Inc. SQI, a leading provider of cloud-based business automation solutions for spend management, today announced that the Atlanta Housing Authority (AHA) has selected and implemented SciQuest's eProcurement solutions as a major step toward total business transformation.

AHA purchased SciQuest's Total Supplier Management, Sourcing Director, and Contract Director products. Both the Total Supplier Management and Contract Director solutions have been implemented successfully. The agency will begin implementation of Sourcing Director, with production rollout scheduled by the end of 2014 and entire implementation, including integration of solutions scheduled for June 2015.

For the past four years, AHA has been in the process of upgrading and improving business and system challenges that hampered its ability to effectively serve its customers, with an ultimate goal of finding a tool to integrate the business units within the organization. When it became apparent that there was not a single solution to fit the needs of all functional areas, the organization began its search for a way to automate the entire procurement and contract process and eliminate the intense labor, excessive paper, redundancy, and inefficiencies.

The agency, Georgia's largest public housing authority and one of the nation's largest, serving approximately 50,000 people, investigated several vendors but chose SciQuest because it allows the agency to document how it spends federal funds, is user-friendly, and requires little, if any, customization.

“The SciQuest solution came with the right tools at the right time,” says Joy W. Fitzgerald, interim president and CEO of AHA. “While preparing to implement the solutions we undertook the arduous process of assessing our operations, revising our procedures and producing training documentation and user guides to help us streamline while remaining fully auditable and in compliance with our governing regulations. All of that helps to ensure that AHA's investment in the SciQuest solution and the staff who will use it will be successful.”

“We are extremely proud to extend our leadership in the public sector by working with our first public housing authority customer as part of such an impressive business transformation effort,” said Doug Keister, Senior Vice President of Sales at SciQuest. “AHA is another great example of how forward-thinking organizations are expanding their requirements and need for a single solution to encompass eProcurement and invoicing, sourcing and contract management.”

About SciQuest

SciQuest SQI is one of the leading pure-play providers 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.