Experienced sales leader joins team to accelerate rapid growth as SciQuest continues to transform procurement across EMEA

MORRISVILLE, N.C. - Thursday, October 8th 2015 [ME NewsWire]

(BUSINESS WIRE)-- SciQuest, Inc. (Nasdaq: SQI), a leading provider of cloud-based business automation solutions for spend management, today announced the appointment of Mike Lunt as vice president of sales for the EMEA region. Lunt will lead the continued expansion and evolution of SciQuest’s customer portfolio and service offerings in EMEA. Additionally, he will work with the company’s staff in the United Kingdom and Germany to ensure customers can benefit from a more strategic approach to procurement, sourcing and settlement solutions.

SciQuest has experienced rapid growth in the EMEA region over the last five years and anticipates continued expansion as regional and global companies automate and streamline their procurement processes. Specifically, SciQuest’s recent growth is due in part to its deep understanding of multi-national company needs and the nuances of navigating global and local challenges. Through offerings such as Advanced Sourcing Optimizer and Enterprise Reagent Manager, SciQuest has enabled more than 120 companies outside the USA, including Maersk, SABMiller, and CEVA Logistics, to achieve maximum benefit from automating the source-to-settle process.

“Mike brings substantial experience managing successful sales teams and developing strategic long-term relationships with internal teams and customers,” said Stephen Wiehe, president and CEO of SciQuest. “His proven ability to understand the unique needs of each customer and help each company identify the most appropriate solutions will be invaluable as he leads SciQuest’s growth across EMEA.”

Lunt, a seasoned expert in the sales industry, joins SciQuest from Oracle, where he spent more than 17 years holding leadership roles focused on selling Oracle’s ERP solutions into various industries, including transportation and professional services, and building relationships with major global customers. Prior to working at Oracle, Lunt spent 13 years with Wang, where he held account management and sales positions.

About SciQuest

SciQuest (Nasdaq: SQI) spend management solutions enable procurement, sourcing and financial professionals to focus on strategic decisions that transform business processes. Our feature-rich products and expert services help hundreds of organizations, including leading global companies, drive bottom line results by improving, automating and optimizing their source-to-settle processes.

Learn more about our solutions and how we can help your organization turn spending into savings at http://www.sciquest.com.

To join the conversation, please visit our blog at http://www.sciquest.com/blog or follow us on Twitter @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"). 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.

Contacts

SciQuest Media contact:

SciQuest, Inc.

Roberta Patterson, 919-659-2230

rpatterson@sciquest.com

Edelman for SciQuest, Inc.

Megan Smith, 404-832-6776

Megan.Smith3@edelman.com

SciQuest Investor contact:

SciQuest, Inc.

Jamie Andelman, 919-659-2322

jandelman@sciquest.com

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