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.

About SciQuest

SciQuest (Nasdaq: SQI) is the leading public provider of spend management solutions delivering value beyond savings. Through the continued release of key innovative technology and a fanatical drive toward making our customers successful, we deliver exceptional value in user experience, productivity and operational efficiency. Our cloud-based, mobile-enabled, source-to-settle platform addresses all stages of procurement from the automation of core processes to enabling sophisticated, strategic and multifaceted sourcing solutions. We specialize in handling simple procurement needs to the most advanced supplier and supply chain requirements. SciQuest serves a wide range of industries and organizations including many of the Global Fortune 500. For more information visit http://www.sciquest.com.

To join the conversation, please visit our blog at http://www.sciquest.com/blog or follow us on Twitter @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 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 are discussed in "Part I, Item 1A, Risk Factors" and elsewhere in SciQuest's most recent Annual Report on Form 10-K and other reports, as filed with the United States Securities and Exchange Commission ("SEC"). The company's SEC reports are available free of charge on the SEC's website at http://www.sec.gov or on the company's website at http://www.sciquest.com. These forward-looking statements speak only as of the date hereof, and SciQuest undertakes no obligation to update, amend or clarify any forward-looking statement for any reason. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.