Cary, NC – SciQuest, Inc., (NASDAQ: SQI) a leading provider of on-demand strategic procurement and supplier management solutions, today announced that Stony Brook University will deploy the company’s source-to-settle automation solutions. SciQuest will enable Stony Brook University to streamline its purchasing process, gain unprecedented visibility and control over spending and fully utilize the contracts negotiated by the purchasing department.

The deployment of SciQuest’s eProcurement technology is part of the University’s Project 50 Forward initiative, which is designed to support future growth and strengthen Stony Brook’s role in the economic renewal of New York State. Goals of the initiative include: streamlining procedures, controlling costs, creating new revenue streams, and taking advantage of every opportunity to strengthen faculty and support students by providing them with the resources they need to excel.

“SciQuest’s procurement automation solutions will facilitate a more efficient, more effective Stony Brook University, empowering faculty and researchers with enhanced purchasing solutions,” said Karol Kain Gray, vice president for Finance and Administration of Stony Brook University. “By making it easier for shoppers to buy goods and services in one place, we hope to achieve significant cost savings and improve operations campus-wide.”

In addition to streamlining processing of purchase orders and payments, the University’s procurement team will have improved reporting and analysis tools to provide feedback and recommendations regarding purchasing practices across campus. Armed with this data, the University can make more informed decisions about supplier relationships and purchasing strategies. SciQuest’s complete source-to-settle solution is easy to use, promotes user adoption and has a proven track record of success in the higher education market.

“SciQuest is pleased to be working with Stony Brook University,” said Max Leisten, market director for higher education, SciQuest. “By providing faculty and staff with easy access to an on-line marketplace, the University should be able to improve spend visibility and contract compliance, which will then help facilitate continued savings.”

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.

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