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North Carolina Technology Association Names SciQuest Public Company of the Year

SciQuest, Inc., (NASDAQ: SQI) a provider of cloud-based spend management solutions, today announced the company was named Public Company of the Year by The North Carolina Technology Association (NCTA). SciQuest was honored with the award at NCTA’s annual 21 Awards Gala on November 8.

The NCTA 21 Awards is North Carolina's only statewide technology awards program, recognizing companies and individuals who have characterized excellence, innovation and leadership in 21 categories. The Public Company award recognizes a technology company with sustained growth, solid operating results and stock price appreciation. Other finalists in the Public Company category with SciQuest included Accenture, Cisco, Lenovo and Red Hat.

“We are honored to receive NCTA’s Public Company of the Year award,” said Stephen Wiehe, president and CEO of SciQuest. “SciQuest has had an outstanding year in which we have continued to add a significant number of technology jobs, while also adding to our product portfolio with new and enhanced solutions in Accounts Payable, Contract Management and Spend Analysis. North Carolina is a great state for the technology sector, and we’re pleased to play a role in that innovation.”

“Since 1995, the NCTA 21 Awards has honored excellence and innovation throughout North Carolina, representing the best and brightest,” said Brooks Raiford, president and CEO of NCTA. “As a winner, SciQuest has distinguished itself as one of the state’s technology leaders and we are proud to recognize them as a winner of the Public Company award.”

This latest recognition caps off a year of consistent growth, as SciQuest has expanded its employee base both organically and with the acquisition of two companies, Upside Software in July and Spend Radar in September. For more information on current career opportunities, please visit: http://www.sciquest.com/careers/.

About SciQuest

SciQuest’s (NASDAQ: SQI) easy to use solutions help contract management, procurement, and accounts payable professionals make daily operations efficient through smart automation, and turn the focus on more strategic decisions that impact the bottom line. With unmatched visibility into spending, combined with the Power of Q — the Company’s unique combination of products and support — SciQuest provides organizations with a strategic approach to spend management, improving bottom-line results.

To join the conversation, please visit our blog, The Open Kitchen—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 our 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 and uncertainties are described in the “Risk Factors” section of our Registration Statement on Form S-1 and other required reports, as filed with the SEC, which are available free of charge on the SEC’s website at http://www.sec.gov or on our website at www.sciquest.com. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These forward-looking statements speak only as of the date hereof, and we undertake no obligation to update, amend or clarify any forward-looking statement for any reason.

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