SciQuest : Honored in Spend Matters “50 to Know” List for the Third Year in a Row

Morrisville, NC - May 24, 2016- SciQuest (Nasdaq: SQI), the leading public provider of spend management solutions delivering value beyond savings, today announced that it has been named to the Spend Matters '50 Providers to Know ' list, part of the 2016 Spend Matters Almanac, for the third year in a row. This annual list features best-in-class industry leaders that provide quality products and services to their customers and key stakeholders within the procurement sector. The '50 Providers to Know' list spotlights the top procurement practitioners, advisors and consultants that are worth knowing within the industry.

'Being named a Provider to Know for a third consecutive year is positive validation that SciQuest is successfully providing customers with the essential tools needed to transform and modernize their business processes,' said Stephen Wiehe, president and CEO of SciQuest. 'We are thrilled to continue to be recognized as a prominent leader in the procurement industry and are committed to providing our end users with solutions that address their growing needs, including our latest product: Portfolio Savings Manager.'

Since its initial launch, the Spend Matters Almanac has become the most important go-to reference source for those seeking to research the provider community within procurement. The Spend Matters Almanac serves as a detailed directory covering relevant software firms, outsourcers, data providers, research firms and consultants who target the procurement and supply chain world.

'The 50/50 list is the product of great debate and discussion by all the analysts on the Spend Matters team. It requires months of detailed research and consideration. We are thrilled to release our 2016 list and congratulate all of those providers and organizations that made the list,' said Jason Busch of Spend Matters.