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Utah Universities Select SciQuest to Gain Better Visibility into Spending

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SciQuest (NASDAQ:SQI) , a leading provider of cloud-based business automation solutions for spend management, today announced that the University of Utah and Weber State University have selected SciQuest’s suite of automated spend management solutions to streamline their entire procurement processes. The schools join Utah State University, which is already leveraging SciQuest’s solutions to gain better insight into its spending processes.

By automating spend management with SciQuest’s cloud-based solutions, the universities hope to restructure spending processes, achieving cost savings and increased productivity across the procure-to-pay lifecycle.

“With an established, extensive supplier network, SciQuest is the go-to solution for more than 200 colleges and 400 campuses nationwide,” said Doug Keister, senior vice president of sales at SciQuest. “We understand the unique challenges institutions in higher education face and provide a wide variety of product offerings that remove roadblocks and turn spending into a strategic source of savings.”

For more than a decade, SciQuest has been the leader in procurement and spend management for higher education, helping institutions centralize and manage spend, maintain compliance in an expanding and changing regulatory environment, and reduce overall spend to drive long-term cost savings.

About SciQuest

SciQuest (NASDAQ: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, including references to expected go-live dates, 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.

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