MORRISVILLE, N.C. - July 28, 2016 - SciQuest, Inc., a leading provider of end-to-end spend management solutions delivering value beyond savings, today announced that affiliates of Accel-KKR, a leading technology-focused private equity firm, have completed their acquisition of the Company for approximately $509 million. With this transaction completed, SciQuest's stock has ceased trading on the Nasdaq Global Select Market.

'As a private company, we will be better able to prioritize long-term benefits and strategic goals to generate more value for customers, employees, partners and suppliers. Areas of increased emphasis include innovation, thought leadership and efficiency,' said Stephen Wiehe, Chief Executive Officer of SciQuest.

'We look forward to working with SciQuest to build on its foundation of delivering leading technology, customer engagement and measurable results,' said Tom Barnds, Managing Director of Accel-KKR.

SciQuest Inc. published this content on 28 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 July 2016 19:36:03 UTC.

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