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SciQuest Recognized by the World Procurement AwardsSciQuest, Inc. (Nasdaq: SQI), the leading public provider of spend management solutions delivering value beyond savings, today announced it was selected as a finalist by the World Procurement Awards 2016 in the Procurement Service Provider Award category. Now in its 10th year, the World Procurement Awards are the most celebrated and sought after awards in procurement, representing the best projects, people and organizations across the world. It rewards the collective efforts of individuals and teams and is an affirmation of the hard work, innovation and dedication of those at the forefront of this dynamic global profession. Panels of experts including CPOs from BT (News - Alert), Brose, DBS Bank & E. & J. Gallo Winery came together for the second phase of judging in London and Denver to debate submissions and decide the winners of each category. Mark Reed, CPO at AARP and World Procurement Awards judge said, "I am absolutely blown away by the quality and breadth of the submissions this year. The number of submissions has ballooned, and I'm absolutely amazed by the things that some of the organizations who are members of Procurement Leaders are achieving, it's incredibly inspiring." "We are honored to be acknowledged by the World Procurement Awards," said Stephen Wiehe, president and CEO of SciQuest. "Our goal is to create the best source-to-settle spend management platform so our customers can be successful and to be recognized by this distinguished organization validates our hard work." The winners will be announced at a prestigious awards ceremony on May 18, 2016 at the Intercontinental London, The O2 (News - Alert). The ceremony will brig together over 900 of procurement's elite. For the full list of finalists, please visit the World Procurement Awards website. 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 (News - Alert) @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 (News - Alert)"). 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.
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