|[November 13, 2012]
North Carolina Technology Association Names SciQuest Public Company of the Year
CARY, N.C. --(Business Wire)--
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 (News - Alert)). 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 (News - Alert).
"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 offa 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
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
To join the conversation, please visit our blog, The Open Kitchen-http://www.sciquest.com/blog/
or follow us on Twitter (News - Alert) @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 (News - Alert), 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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