What is "sciquest"

SciQuest ( NASDAQ:SQI) is a pure-play provider of cloud-based business automation solutions for spend management headquartered at Morrisville, North Carolina. It has offices in Newtown Square, PA, Pittsburgh, PA, Houston, TX and Edmonton, AB. The company’s tagline is, Turn Spending into Savings.

SciQuest conducted an IPO in 1999 following its establishment in 1995 as a B2B eCommerce exchange. 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. 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.

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