SciQuest

SciQuest Inc.

Industry	Internet Software & Services
Founded	1995
Headquarters	Morrisville, North Carolina, North Carolina, U.S.
Number of locations	Chicago, Pittsburgh, Newtown Square, PA
Area served	Global
Key people	Robert Bonavito, CEO
Products	Spend Management Software, CLM Software
Website	www.sciquest.com

SciQuest is a pure-play provider of cloud-based business automation solutions for spend management headquartered at Morrisville, North Carolina.^[1] It has offices in Newtown Square, PA, and Pittsburgh, PA. The company’s tagline is, Value Beyond Savings.

SciQuest conducted an IPO in 1999 following its establishment in 1995 as a B2B eCommerce exchange.^[2] Under new management in 2001, led by the CEO Stephen Wiehe, SciQuest transitioned from a B2B exchange company into eProcurement software and supplier enablement platforms.^{[3]access denied} SciQuest was taken private in 2004 to continue its move into eProcurement, inventory management and accounts payable automation. SciQuest completed an IPO in September, 2010 raising approximately $57 million.^[4][5][6] SciQuest was taken private in June 2016 as part of an acquisition by Accel-KKR, a private equity firm headquartered in Menlo Park, CA. Robert Bonavito became CEO of SciQuest in September 2016.

SciQuest's competitors include SAP, Bravosolution, Oracle, GEP, Zycus, Tradogram, Ivalua, Tradeshift, Coupa, and Emptoris.

Product Categories

• Spend Analysis
• Supplier Management
• Sourcing
• Contract Management
• eProcurement
• Inventory Management
• Accounts Payable

Acquisitions

SciQuest has acquired the following companies over the previous years:^[7]

• AECsoft - January 2011. Provider of supplier management and sourcing technology.^[8]
• Upside Software, Inc. - August 2012. Provider of contract lifecycle management (CLM) solutions.^[9]
• Spend Radar, LLC - October 2012, Provider of spend analysis software.^[10]
• CombineNet - September 2013, Provider of advanced sourcing software^[11]

References

1. "Research Triangle: The New Silicon Valley of the Smart Grid?". Retrieved 11 February 2014.
2. ftp://ftp.software.ibm.com/software/solutions/pdfs/g325-6614-01.pdf
3. "SciQuest: A turnaround story | TechJournal". techjournal.org. Retrieved 2014-04-01.
4. "Exploring e-Procurement Market Trends: No Winner Here". Retrieved 11 February 2014.
5. "SciQuest Shares Surge After $57 Million Software IPO - Bloomberg". bloomberg.com. Retrieved 2014-02-11.
6. "SciQuest Gains 29% in IPO Debut". Retrieved 11 February 2014.
7. "SciQuest Looks Ahead: Product Planning and Acquisition Integration (Part 1)". Retrieved 11 February 2014.
8. "SciQuest Acquires AECSoft -- P2P and Supplier Management Consolidation Accelerates « Spend Matters". spendmatters.com. Retrieved 2014-02-11.
9. "SciQuest Acquires Assets of Upside Software |". paystreamadvisors.com. Retrieved 2014-02-11.
10. "SciQuest Acquires Assets of Spend Radar (and Rounds Out Its Spend Management Suite)". technologyevaluation.com. Retrieved 2014-02-11.
11. "Supply Chain News: More Consolidation in the Procurement Software Space, as SciQuest to Acquire CombineNet". scdigest.com. Retrieved 2014-02-11.