SciQuest, Inc. (Nasdaq: SQI), a leading provider of cloud-based business automation solutions for spend management, today announced that it has been named to the Spend Matters “50 to Know” list, part of the 2015 Spend Matters Almanac, for the second year in a row. This annual list features industry leaders in the procurement sector.

Published alongside Spend Matters “50 to Watch” list, the ”50 to Know” list spotlights the top procurement practitioners, advisors and consultants that are worth knowing or taking a look at. 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.

"Being named to the ‘50 to Know’ list for the second year in a row is continued reassurance that SciQuest is providing customers with the essential tools needed to successfully transform business processes,” said Stephen Wiehe, president and CEO of SciQuest. “SciQuest has been a market leader in the procurement industry for a long time, and we’re thrilled to continue to be recognized as such.”

According to Spend Matters, “The 50/50 list is the product of great debate and discussion by all the analysts on the Spend Matters team. It literally takes months, and tons of back and forth. We are thrilled to release our 2015 list and congratulate all of those providers and organizations that made the list. Many of the choices were not easy. In just over a year since launch, the Spend Matters Almanac has become the most important go-to reference source for those seeking to research the provider community within procurement.”

About SciQuest
SciQuest (Nasdaq: SQI) spend management solutions enable procurement, sourcing and financial professionals to focus on strategic decisions that transform business processes. Our feature-rich products and expert services help hundreds of organizations, including leading global companies, drive bottom line results by improving, automating and optimizing their source-to-settle processes.

Learn more about our solutions and how we can help your organization turn spending into savings at www.sciquest.com.

To join the conversation, please visit our blog, The Open Kitchen 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 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.