SciQuest 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, 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. In 2001, SciQuest transitioned from a B2B exchange company into eProcurement software and supplier enablement platforms.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. 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, bringing 30+ years of leadership in the procurement and sourcing software space. Steve Lundin, formerly of technology thought leadership agency BIGfrontier, also joined the company as CMO, in September, 2016.
In Q1 of 2017, SciQuest underwent a rebranding, emerging as JAGGAER with a more directed focus on the procurement industry. Along with the name change, the company tagline and mission were updated. "Simply Comprehensive Spend Solutions," became the tagline for Commercial and Higher Education markets.
SciQuest's competitors include SAP, Aquiire, Bravosolution, Oracle, GEP, Zycus, Tradogram, Ivalua, Tradeshift, Coupa, Ariba, and Emptoris.
Video SciQuest
Product Categories
- Spend Analysis
- Supplier Management
- Sourcing
- Contract Management
- eProcurement
- Inventory Management
- Accounts Payable
Maps SciQuest
Acquisitions
SciQuest has acquired the following companies over the previous years:
- AECsoft - January 2011. Provider of supplier management and sourcing technology.
- Upside Software, Inc. - August 2012. Provider of contract lifecycle management (CLM) solutions.
- Spend Radar, LLC - October 2012, Provider of spend analysis software.
- CombineNet - September 2013, Provider of advanced sourcing software
- POOL4TOOL - June 2017, The combination creates the only technology provider in the market with end-to-end indirect and direct materials procurement coverage, the companies said in a press release.
References
Source of the article : Wikipedia
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