NIGP – The Institute for Public Procurement Announces 2011 Vision Map

September 15, 2011

Tools

Thought Leaders in Public Sector Procurement Create Roadmap for Strategic Procurement Initiatives

HERNDON, Va. & CARY, N.C.--(BUSINESS WIRE)-- NIGP: The Institute for Public Procurement, a not-for-profit association that develops, supports and promotes the public procurement profession, today announced the availability of the 2011 NIGP Vision Map for Public Procurement.

The 2011 Vision Map is a strategic planning roadmap for public entities that identifies current and future issues and recommends practical actions to prepare procurement organizations for lower revenue sources, complicated political conditions, reduction of the workforce due to retirement and the increasing focus on local and sustainable purchasing.

The Vision Map is the result of a research project conducted by NIGP and research partner SciQuest, Inc. Twenty thought leaders from the NIGP membership contributed their individual insight into current practices as well as their vision for the future.

“We are very pleased to be providing our members with this practical roadmap for identifying and coping with the core challenges facing procurement professionals today,” said Tina Borger, research director at NIGP. “Our goal is to offer our constituents the tools and resources they need to transform local public sector procurement organizations into strategic assets that positively impact the communities they serve. It is vitally important that our thought leaders share their insights in a practical way so others can learn from them. It is our goal to keep the Vision Map as a ‘living’ document that will be updated annually. We are looking forward to rolling out the document across the NIGP membership and encourage public entities to use it to their advantage.”

“The 2011 Vision Map outlines the challenges and opportunities we are all facing on a daily basis and recommends short- and long-term measures for improving efficiency, ensuring fair, ethical and legal procurement practices and driving savings,” said Glenn R. (Dick) Cummings, director of purchasing, City of Sunrise, Florida, a former NIGP president and one of the contributors. “We need to see our challenges as opportunities to finally really improve. I hope that some of the wisdom on the Vision Map will take root and help drive us to a better tomorrow.”

The 2011 Vision Map will be featured in a webinar presented by Eric Zoetmulder, market director, Public Sector, SciQuest, Inc. and Tina Borger, research director, NIGP, on September 29, 2011 from 1:00 p.m. - 2:30 p.m. Eastern Time. For more information, please visit: www.nigp.org/visionmapwebinar.

“We wanted to capture a realistic vision that has practical impact on the procurement professional today. Together, we created a fictional Director of Procurement who must meet the challenges of our world. Our ‘Director’ describes his challenges and proposes four core areas of focus for improvement: goal setting, people, process and technology. Understanding the recommendations in these four areas will enable procurement teams to simplify processes and ultimately save money,” said Zoetmulder, the primary researcher on the project. “The 2011 Vision Map furthers understanding of the state of procurement in the public sector and is intended to help public entities meet and even surpass their economic goals.”

About the National Institute of Government Purchasing

NIGP is a non-profit professional association that develops, supports and promotes public procurement practitioners through premier educational and research programs, technical services and advocacy initiatives. With more than 2,400 member agencies representing more than 15,000 professionals across the United States, Canada and countries outside of North America, the Institute is international in its reach. To learn more about the NIGP organization and its member services, please visit www.nigp.org.

About SciQuest

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.

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.