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SciQuest Adds Veteran Technology Leader with Appointment of Peter N. Asmar to Vice President, Customer Operations
[July 26, 2011]

SciQuest Adds Veteran Technology Leader with Appointment of Peter N. Asmar to Vice President, Customer Operations


CARY, N.C. --(Business Wire)--

SciQuest, Inc., (NASDAQ: SQI) a leading provider of on-demand strategic procurement and supplier management solutions, today announced the appointment of Peter N. Asmar to vice president, Customer Operations. Asmar brings decades of experience managing large information system teams at world class organizations to SciQuest. As Vice President of Customer Operations, he will develop strategy and lead the successful execution of SciQuest's customer facing operations. This includes client delivery, customer support, client partner and supplier network services organizations.

"We are very pleased that Peter is joining the SciQuest management team," said Stephen Wiehe, president and CEO of SciQuest. "Peter has a proven track record of consistently providing excellent customer service, both internally and externally, and completing large, complex projects on time and on budget."

Prior to joining the SciQuest team, Asmar was the Chief Information Officer at the North Carolina Department of Public Instruction, the agency charged with implementing North Carolina public school laws and the State Board o Education's policies and procedures governing pre-kindergarten through 12th grade public education. He also served as Chief Operating Officer, Global Technology (News - Alert) at J.P. MorganChase and has held senior positions at Credit Suisse First Boston, International Paper Company and United Parcel Service.

"With extremely high satisfaction ratings from its customers, SciQuest's customer support program is sophisticated, efficient and highly successful," said Asmar. "I'm excited to help lead these customer-facing efforts and further build upon the existing programs to meet the growing demand for eProcurement solutions that drive true spend savings across entire organizations."

About SciQuest


SciQuest (NASDAQ: SQI) is a leading provider of an integrated, web-based end-to-end eProcurement solution that enables users to realize significant efficiencies and savings on their purchases of indirect goods and services. SciQuest's unique industry segment expertise and innovative "source-to-settle" approach to eProcurement enables Fortune 1000 companies and organizations in the higher education, life sciences, healthcare and public sector markets, as well as other industries, to identify savings opportunities they may otherwise have missed, while improving contract management, compliance and supplier management. SciQuest's solutions help customers turn spending into a source of savings.

SciQuest is a registered trademark of SciQuest, Inc. Other trademarks contained herein remain the property of their respective owners. For more information about SciQuest, please visit www.sciquest.com or call 888-638-7322 in the U.S. or +44 1794 341182 in Europe.

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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