SciQuest Named on JMP Securities' 'Hot 100' List for Second Consecutive Year

CARY, N.C., May 27 /PRNewswire/ -- SciQuest, Inc., the global leader
empowering enterprises to realize the potential of strategic procurement,
today announced that the company was named one of the 100 best privately-held
software companies on JMP Securities' "Hot 100" list. SciQuest had revenue
growth of 45 percent in 2008, and the company's software-as-a-service (SaaS)
eprocurement solutions continue to receive high interest as more organizations
seek to gain transparency into and control over spending.

This year marks SciQuest's second appearance on the "Hot 100," a list
highlighting those companies that JMP's research team expects to have the
greatest impact on the application, business intelligence and infrastructure
software sectors. JMP Securities is a full-service investment firm.

"Being named to the JMP 'Hot 100' list for the second year is great validation
of SciQuest's continued growth in the markets we serve," said Stephen Wiehe,
president and CEO of SciQuest. "Year after year, SciQuest experiences
double-digit revenue growth as organizations look to our suite of on-demand
eprocurement solutions to bring their spending under management and reduce
costs, while improving the delivery of goods and services. These benefits
resonate strongly with organizations, which, now more than ever, are under
enormous pressure to control costs and achieve more with fewer resources."

Through the company's suite of on-demand eprocurement and supplier enablement
solutions, SciQuest provides procurement and financial leaders with
unprecedented insight into where, how and with whom money is being spent.

SciQuest customers within the education, government, healthcare and life
sciences markets are able to attain the real-time visibility into spending
they need to make more strategic sourcing decisions, consolidate buying power
and negotiate more favorable terms and conditions with suppliers. Through
SciQuest's SaaS offerings, customers can deploy a more cost-effective, modular
approach to procurement automation -- a flexible alternative that enables
organizations to achieve the benefits of strategic procurement at a pace that
meets their needs and budget.

About SciQuest
SciQuest's procurement automation and supplier enablement solutions empower
leading organizations to realize the potential of strategic procurement. The
company's specialized knowledge, on-demand software, and service-first
approach enable public and private enterprises across the globe to manage
spend, drive ROI, and advance their critical missions.

SciQuest's deep understanding of its served vertical markets combined with a
broad supplier network and intuitive, online shopping experience increase user
and contract adoption while improving operational efficiencies. Through
software-as-a-service (SaaS) deployment, organizations can quickly implement
the right eprocurement solution to augment existing ERP investments or fully
enable all aspects of purchasing from sourcing to settlement.

For more information about SciQuest, please visit www.sciQuest.com or call
877-710-0413 in the U.S. or +44 1794 341182 in Europe.

SciQuest is a registered trademark of SciQuest, Inc. Other trademarks
contained herein remain the property of their respective owners.

SciQuest media contact:
Ken Phillips
Davies Murphy Group
781-418-2437
sciQuest@daviesmurphy.com

SOURCE SciQuest, Inc.

Ken Phillips of Davies Murphy Group, +1-781-418-2437,
sciQuest@daviesmurphy.com, for SciQuest, Inc.