CARY, N.C., May 25, 2011 (GLOBE NEWSWIRE) -- SciQuest, Inc., (Nasdaq:SQI) a leading provider of on-demand strategic procurement and supplier management solutions, today announced that James Duke, Chief Operating Officer, plans to resign from the company for personal reasons following a transition period of up to several months. The company also announced that it has named Daryl Broddle, formerly Vice President of Product Development, as Vice President of Technology. Additionally, the company announced that it has appointed Grant Collingsworth, formerly a partner at Morris, Manning & Martin LLP, as General Counsel.
"We are grateful for Jamie's contributions to SciQuest's success over the past 10 years as the company's Chief Operating Officer," said Stephen Wiehe, SciQuest's president and CEO. "Most recently he was responsible for product development and post-sales customer operations, including implementations, customer service and our client partner program. I would like to thank Jamie for his leadership and dedication that have helped SciQuest reach the strong position we enjoy in the market today. We wish him the best of luck as he focuses on his personal goals after a transition period at SciQuest.
"In conjunction with Jamie's departure, I am pleased to announce the appointment of Daryl Broddle to the newly created position of Vice President of Technology. Daryl is a SciQuest veteran of 12 years, most recently serving as Vice President of Product Development. In his new role, Daryl will extend his responsibilities to drive new product innovation as well as oversee the development of SciQuest's highly effective products that deliver a compelling return on investment for our customers. We have initiated a search for a Vice President of Customer Operations and expect to continue to deliver the consistently high levels of customer service for which SciQuest is recognized in our target markets."
Broddle received a B.S. in Computer Science from the University of Kansas.
"We are also pleased to announce the appointment of Grant Collingsworth as General Counsel. Grant has been our primary outside counsel for many years and is a seasoned professional who is already very familiar with our business. His broad range of experience over the past 14 years at Morris, Manning & Martin, which includes mergers & acquisitions, securities law and legal project management, will be an asset to SciQuest as we continue to execute on our growth strategy."
Collingsworth received a B.A. in Finance from the University of Oklahoma and a J.D. from Emory University's School of Law.
SciQuest (Nasdaq:SQI) is a leading provider of an integrated, web-based end-to-end eProcurement solution that enables users to realize significant efficiencies and savings on their purchases of indirect goods and services. SciQuest's unique industry segment expertise and innovative "source-to settle" approach to eProcurement enables Fortune 1000 companies and organizations in the higher education, life sciences, healthcare and public sector markets, as well as other industries, to identify savings opportunities they may otherwise have missed, while improving contract management, compliance and supplier management. SciQuest's solutions help customers turn spending into a source of savings.
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