SciQuest Named Top 100 Supply Chain Vendor by iSource Business
RESEARCH TRIANGLE PARK, N.C., June 4, 2003 – SciQuest, Inc. (NASDAQ: SQST) announced today that it has been named one of the top 100 supply and demand chain enabling organizations by iSource Business magazine.
The iSource 100 are enabling organizations and consulting organizations with innovative enterprise-wide solutions and services that are leading the way in helping traditional companies make their supply and demand chains more effective and efficient. The list was compiled by iSource Business editorial and advisory board staff who evaluated applications and conducted interviews with the companies’ clients.
SciQuest is the only solution provider dedicated to providing supply chain solutions for research-intensive organizations named to the iSource 100. SciQuest’s supplier enablement, procurement automation and materials management solutions have integrated the Innovation Supply Chain for over 40 leading life sciences, industrial research and higher education clients.
The Innovation Supply Chain is a framework used to effectively integrate the internal resources and external suppliers of a research-intensive organization, ensuring critical materials and information are made available in the most cost-effective, efficient manner. A fully integrated Innovation Supply Chain improves the innovation process by increasing productivity, accelerating discovery and reducing costs.
“SciQuest is pleased to be recognized by iSource Business as a leading provider of supply chain solutions alongside such established procurement providers such as Ariba, Oracle and Peoplesoft,” said Suzanne Miglucci, vice president of marketing and corporate communications for SciQuest. “Our unique focus on enhancing the Innovation Supply Chain allows SciQuest to deliver measurable value to our clients by addressing the complex and often challenging needs of the research-intensive organization.”
About SciQuest
SciQuest provides technology, services and domain expertise to optimize procurement and materials management for the life sciences, industrial research and higher education markets. SciQuest solutions enable research-intensive organizations to reduce costs, improve quality and speed the process of innovation by helping them find and acquire resources and manage the lifecycle of critical assets.
Many of the world’s leading pharmaceutical, biotechnology, chemical and academic organizations rely on SciQuest solutions to streamline the Innovation Supply Chain including GlaxoSmithKline, Pfizer, Roche, Schering-Plough Research Institute, Procter & Gamble, the Rensselaer Polytechnic Institute and Indiana University. SciQuest is headquartered in Research Triangle Park, NC, with offices in Philadelphia, San Francisco and London. For more information about SciQuest, please visit www.sciquest.com or call +1-919-659-2100.
Statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties, including all statements regarding benefits that may be derived from the HigherMarkets e-procurement solution. For such statements, the Company claims the protection of the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995. The potential risks and uncertainties associated with these forward-looking statements could cause actual results to differ materially from those presented herein, and the reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements are discussed in the Company’s Quarterly Report on Form 10-K for the period ended December 31, 2002, filed with the Securities and Exchange Commission, under the caption “Factors That May Affect Future Results”.
SciQuest and SelectSite are registered trademarks of SciQuest, Inc. LifeCycle and HigherMarkets are trademarks of SciQuest, Inc.
Contacts:
Media Relations
Amber Link
SciQuest Media Relations
919-659-2146
alink@sciquest.com
David Chatham
Brodeur Worldwide
919-850-2055
dchatham@brodeur.com
Investor Relations
Peyton Anderson
SciQuest Investor Relations
919-659-2103
panderson@sciquest.com
