updated 1/12/2011 8:16:04 AM ET 2011-01-12T13:16:04

CARY, N.C., Jan. 12, 2011 (GLOBE NEWSWIRE) -- SciQuest, Inc. (Nasdaq:SQI), a leading provider of on-demand strategic procurement and supplier enablement solutions, announced today that it will release its fourth quarter and full year 2010 financial results for the period ended December 31, 2010 after the market close on Wednesday, February 23, 2011. On that day, management will hold a conference call and webcast at 5:00 p.m. ET to review and discuss the Company's results for the fourth quarter and full year. A replay of this webcast will be available two hours after the call and accessible at http://investor.sciquest.com .

What: SciQuest's fourth quarter and full year 2010 financial results conference call
When: Wednesday, February 23, 2011
Time:  5:00 p.m. ET
Webcast: http://investor.sciquest.com (live and replay)
Live Call: (877) 430-3736, domestic
  (760) 298-5046, international
Replay: (800) 642-1687, passcode 35956137, domestic
  (706) 645-9291, passcode 35956137, international

About SciQuest

SciQuest provides a leading on-demand strategic procurement and supplier enablement solution that integrates customers with their suppliers to improve procurement of indirect goods and services.  Our 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.  Using our managed SciQuest Supplier Network, our customers do business with more than 30,000 unique suppliers and spend billions of dollars annually.  

Our current target markets are higher education, life sciences, healthcare and state and local governments.  We tailor our solution for each of the vertical markets we serve by offering industry-specific functionality, content and supplier connections.  We serve more than 175 customers operating in 16 countries and offer our solution in five languages and 22 currencies.

The SciQuest, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8288   

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.

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 our 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 and uncertainties are described in the "Risk Factors" section of our Registration Statement on Form S-1 and other required reports, as filed with the SEC, which are available free of charge on the SEC's website at http://www.sec.gov or on our website at www.sciquest.com .  Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These forward-looking statements speak only as of the date hereof, and we undertake no obligation to update, amend or clarify any forward-looking statement for any reason.   

SQI-F

CONTACT: SciQuest Media Contact:
         Melissa London
         SciQuest, Inc.
         919-659-2228
         mlondon@sciquest.com
         
         SciQuest Investor Contact:
         Garo Toomajanian
         ICR, LLC
         1-800-550-6380
         investorrelations@sciquest.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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