Cary, NC—May 5, 2014—SciQuest, Inc. (NASDAQ: SQI), a leading provider of cloud-based business automation solutions for spend management, has been selected as a Top 100 Logistics IT Provider by Inbound Logistics. SciQuest was the only e-procurement software vendor to be named. The list was published in the April issue of the magazine.
“Increasing operational complexity caused by shifts to demand-driven logistics practices, increased collaboration, and continuing globalization, mean greater challenges for those seeking to match demand to supply,” said Inbound Logistics Editor, Felicia Stratton. “It's impressive to see SciQuest providing the flexibility and solutions that forward-thinking enterprises need to face supply chain challenges in 2014. For that reason, Inbound Logistics editors have recognized SciQuest as one 2014's Top 100 Logistics IT Providers.”
Drawn from a pool of more than 300 companies, using questionnaires, personal interviews, and other research, the magazine selects the Top 100 Logistics IT Providers who are leading the way in 2014. Editors seek to match readers' fast-changing needs to the capabilities of those companies selected. All companies selected reflect leadership by answering readers' needs for scalability, simplicity, fast ROI, and ease of implementation.
“We are honored and proud to be selected as a Top 100 Logistics IT Provider,” said SciQuest CEO, Stephen Wiehe “We are firmly committed to providing businesses with better insights into their purchasing decisions. To be recognized among other industry leaders for our logistics excellence is a testament to our team at SciQuest working day in and day out to help customers turn spending into a strategic source of savings.”
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.
Since its inception in 1981, Inbound Logistics' educational mission is to illustrate the benefits of demand-driven logistics practices, give companies the knowledge to help them match the inbound flow of materials to their demand, and align their business process to support that shift. Inbound Logistics offers real-world examples and decision support to guide businesses to efficiently manage logistics, reduce and speed inventory, and offset rising transport costs, supporting business scalability across their value chain. More information about demand-driven logistics practices is available at www.inboundlogistics.com.
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.