SciQuest : Florida State University Expands Relationship with SciQuest to Restructure Procurement Process

Morrisville, NC - June 13, 2016 - SciQuest, Inc. (Nasdaq: SQI), the leading public provider of spend management solutions delivering value beyond savings, today announced long-time customer Florida State University (FSU) will expand its use of the SciQuest Source-to-Settle Suite. The university will now use SciQuest's complete eProcurement suite along with sourcing and supplier management modules in order to increase the amount of spend under management and to increase visibility into the entire procurement process.

'One of our main goals is to provide our end users with the most user friendly and efficient procurement experience possible,' said Ian Robbins, Chief Procurement Officer at FSU. 'With SciQuest's suite of solutions, we will have greater visibility into the entire procurement process and have the ability to maximize our spend with our contracted suppliers.'

Working with SciQuest since 2008, FSU expanded relations in late 2015 to have all eProcurement on one user-friendly platform. In addition, the organization will be able to consolidate shopping tools and avoid redundant data entry. These changes will create a more user-friendly system to encourage greater adoption which will subsequently increase spend under management throughout the organization. Based on current projections, the new solutions Florida State University is procuring will generate millions of dollars of savings over the life of the contract yielding an expected return on their investment of more than five times the value of their total costs.

FSU is deploying SciQuest's suite of source-to-settle solutions, including:

• SpendDirector, to transform manual and labor intensive procurement function into a an automated center of excellence, by driving organizational spend to preferred suppliers, bringing more spend into compliance, delivering significant cost savings and gaining efficiencies.
• Sourcing Director, to expand control and management of the sourcing process.
• Total Supplier Manager, to achieve a reduction in risk exposure brought by suppliers, a greater depth of and visibility into supplier data, and consistent and accurate supplier data for supporting sourcing and procurement strategies.

'After providing procurement solutions to Florida State University for eight years, it's exciting to continue to serve as their provider of choice to achieve maximum savings and spend management,' said Stephen Wiehe, CEO of SciQuest. 'With the latest implementation, the university is certain to see better compliance, improved workflow and enhanced understanding of its spend. We look forward to seeing how the organization grows.'