Profile: SciQuest Inc (SQI.OQ)

SQI.OQ on NASDAQ Stock Exchange Global Select Market

24.69USD
1 Aug 2013
Price Change (% chg)

$0.03 (+0.12%)
Prev Close
$24.66
Open
$24.97
Day's High
$24.97
Day's Low
$24.61
Volume
60,668
Avg. Vol
30,163
52-wk High
$26.00
52-wk Low
$13.15

Search Stocks

SciQuest, Inc., incorporated in November 1995, provides on-demand strategic procurement and supplier management solutions. The Company’s on-demand software enables organizations to realize the benefits of strategic procurement by identifying and establishing contracts with preferred suppliers, driving spend to those contracts and promoting process efficiencies through electronic transactions. It provides its solution on-demand over the Internet using a software-as-a-service (SaaS) model. The markets, in which its customers operate, include higher education, life sciences, healthcare and state and local governments, as well as the commercial market. As of December 31, 2011, the Company served 321 customers operating in 17 countries and offered its solution in eight languages and 32 currencies. As of December 31, 2011, the Company had approximately 150,000 active users of its solution within its customer organizations. In January 2011, the Company acquired AECsoft USA, Inc.

The Company’s on-demand strategic procurement software suite provides customers with a set of products and services that enables them to automate the entire source-to-settle process. These integrated modules allow its customers to communicate and transact with their suppliers. Its solutions also include business intelligence features that enable organizations to analyze spend at the supplier, commodity and requisition levels. These reporting tools help users identify and establish contracts with preferred suppliers, drive spend to those contracts, and promote process efficiencies through electronic transactions.

The Company’s service offerings include client partners, which its client partner organization assists customers to maximize the benefit from their SciQuest solution; supplier enablement services, its supplier enablement organization manages the SciQuest Supplier Network and all supplier connections to its customers; implementation services, its client delivery organization is responsible for implementing and deploying its solution with customers, and customer support, its customer support organization provides technical product support to its customers by phone, email and through its online Solutions Portal. As of December 31, 2011, the Company served over 159 higher education institutions, including research intensive universities, state-wide university systems and community colleges, at more than 275 campuses; served 37 pharmaceutical and bio-technology customers; served 21 healthcare customers, which consists of academic medical centers, healthcare services and research organizations and group purchasing organizations, and served 11 state and local government customers.

SciQuest Strategic Procurement Software Suite

The modular strategic procurement software suite optimizes processes. The individual modules of the Company’s solutions can be deployed together or separately and integrate with many enterprise resource planning (ERP) systems. The modules of its solutions include Sourcing Director, Spend Director, Requisition Manager, Order Manager, Settlement Manager, Supplier Contract Management and Authoring, Total Supplier Manager, Supplier Diversity Manager, and Materials Management. Total Supplier Manager and Supplier Diversity Manager are its supplier management products.

SciQuest Supplier Network

The SciQuest Supplier Network is a SaaS communications hub that enables transaction interactions between the Company’s customers and their existing suppliers. It is the single integration point between its customers and their suppliers that also provides customers with on-demand access to multi-commodity supplier catalogs. The SciQuest Supplier Network also provides customers with the infrastructure to add additional suppliers as needed. The SciQuest Supplier Network includes suppliers of commodity categories, such as information technology (IT) equipment, office supplies, laboratory and medical supplies, maintenance, repair and operations (MRO) supplies, services, such as temporary labor, retail (books, compact discs (CDs), appliances), furniture, and food and beverages.

The Company competes with Ariba, GHX, Oracle and SAP.

Company Address

SciQuest Inc

Suite 200, 6501 Weston Parkway
CARY   NC   27513-2312
P: +1919.6592100
F: +1919.6592199

Search Stocks