SciQuest Awarded Software Company of the Year and Technology Executive of the Year

CARY, N.C. – SciQuest, Inc., the global leader empowering enterprises to realize the potential of strategic procurement, today announced that the company and president and CEO Stephen Wiehe were recognized by the North Carolina Technology Association (NCTA) with two awards: Software Company of the Year and Technology Executive of the Year.

The annual NCTA 21 awards program honors companies and individuals from North Carolina’s technology industry for excellence in leadership and innovation. Wiehe is the inaugural winner of the Technology Executive of the Year award, recognizing a CEO/CIO of a technology company that demonstrated leadership and is recognized in the community as a top leader. From serving on the board of directors for emerging companies such as BlueStripe Software and advising budding entrepreneurs, to keynoting and serving on panels for leading universities and business organizations, Wiehe embraces sharing his key lessons learned to help the next generation of leaders.

“We’re excited that 2008 has proven to be another award-winning year at SciQuest,” said Wiehe. “Our employees have worked long and hard to provide our customers with a leading-edge solution suite that provides significant return on investment. It is flattering that local and national organizations are taking notice of all that our employees do and recognition as NCTA’s Software Company of the Year is the pinnacle of their achievements.”

“The 2008 NCTA 21 awards was by far our most competitive with an outstanding list of finalists and a group of award recipients who distinguished themselves through outstanding achievement and superior performance,” said Brooks Raiford, president and chief executive officer of NCTA. “Steve has been the driving force behind SciQuest’s turnaround story, reinventing the company from a dot-com to a recognized SaaS and procurement leader. He and his team are a true representation of innovation, excellence and leadership in North Carolina.”

In addition to being named a 2008 finalist for Private Company of the Year, SciQuest is a past winner of NCTA awards, receiving recognition as Top Venture Capital Invested Company of the Year and twice as Top Growth Company of the Year. Earlier this year SciQuest was also named “Best Business Turnaround” in the American Business Awards – the only national, all-encompassing awards program honoring great performances in business.

SciQuest’s eprocurement and supplier enablement solutions enable organizations to aggregate their buying power, negotiate more favorable terms and conditions with suppliers, automate time-consuming paper-laden procurement processes and provide leadership with real-time visibility into spending. The company’s customers include 10 of the 15 largest pharmaceutical companies, more than 65 colleges and universities and numerous leaders in the life sciences, government and healthcare.

About NCTA

The North Carolina Technology Association’s mission is “Making North Carolina #1 in Technology and Technology #1 in North Carolina.” The organization does this through three main focus areas: executive engagement, public affairs, and enabling member transition to a technology-enabled workforce. For more information, visit our website at www.nctechnology.org.

About SciQuest

SciQuest’s procurement automation and supplier enablement solutions empower leading organizations to realize the potential of strategic procurement. The company’s specialized knowledge, on-demand software, and service-first approach enable public and private enterprises across the globe to manage spend, drive ROI, and advance their critical missions. SciQuest’s deep understanding of its served vertical markets combined with a broad supplier network and intuitive, online shopping experience increase user and contract adoption while improving operational efficiencies. Through software-as-a-service (SaaS) deployment, organizations can quickly implement the right eProcurement solution to augment existing ERP investments or fully enable all aspects of purchasing from sourcing to settlement. For more information about SciQuest, please visit www.sciQuest.com or call 877-710-0413 in the U.S. or +44 1794 341182 in Europe.