Additional OUPMA Universities Select SciQuest Spend Management and Accounts Payable Solutions

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SciQuest Business Automation Solutions Made Available Through the Ontario University Procurement Management Association (OUPMA)

Cary, NC—May 21, 2014—SciQuest (NASDAQ: SQI), a leading provider of cloud-based business automation solutions for spend management, today announced that the University of Ottawa, Western University, University of Toronto, Wilfrid Laurier University and Carleton University have selected SciQuest Spend Director Enterprise and Accounts Payable Director solutions. These institutions look to streamline and automate their source-to-settle processes and gain deeper insights into their spending through SciQuest’s spend management suite. With the exception of Western University who is expected to go live on June 2nd, all of these schools are currently implementing these SciQuest solutions.

University of Ottawa, Western University, University of Toronto, Wilfrid Laurier University, and Carleton University are the latest customers to select SciQuest’s business automation solutions through the Ontario University Procurement Management Association (OUPMA), alongside fellow OUPMA member and current SciQuest customer York University. OUPMA was formed by purchasing managers in Ontario as a way for academic institutions to pool their resources and expand their purchasing power.

“Western University is committed to leveraging the most effective tools at our disposal to increase spend under management and ensure that our employees are purchasing goods at the lowest price possible,” said Elizabeth Krische, director, procurement services at Western University. “SciQuest’s speed and intuitive interface provides us with faster supplier enablement and invoice management across the University.”

 “It was critical for us to find a solution that fundamentally improved the way the University of Ottawa oversees the management of suppliers and contracts,” said Patrick Foré, director of procurement services at University of Ottawa. “By partnering with SciQuest, we now have a single interface where we can make quicker, smarter, and more cost-effective purchasing decisions.”

“We have a proven track record working with universities through OUPMA,” said John Fabris, vice president of higher education sales at SciQuest. “We are excited to work with these additional OUPMA universities as they realize significant savings and increased efficiency through our spend management and accounts payable solutions.”


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 easy 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.

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