Announces Partnership with Leading Supplier Diversity Expert, Ralph Moore, to Support Supplier Diversity Initiatives
SciQuest, Inc., (NASDAQ: SQI) a leading provider of on-demand strategic procurement and supplier management solutions, today announced that Ralph G. Moore and his firm, RGMA, one of the nation's leading supplier diversity consultancies, has partnered with SciQuest. Working together, RGMA's best-in-class diverse supplier development strategies offer a framework for successful supplier diversity programs while SciQuest's proven solutions provide the tools to achieve and maintain organization-wide supplier diversity goals.
Achieving a more diverse supplier base is becoming increasingly important to organizations as they determine their corporate sourcing and procurement objectives. RGMA's services cover the planning through implementation of programs that incorporate supplier diversity into corporate missions, strategic goals, and operational structures. SciQuest's complete procure-to-pay software supports supplier diversity initiatives every step of the way, beginning with appropriate selection and comprehensive tracking of diverse suppliers.
To maximize the usage of identified diverse suppliers, SciQuest's innovative solutions allow an organization to promote designated supplier contracts and enable users to easily see, select and purchase from those suppliers. Bringing supplier diversity information to the complete procurement environment is key to leveraging and encouraging supplier diversity initiatives throughout the enterprise.
Widely recognized as a leading expert in minority and women-owned business development, Moore has more than 40 years of experience in business and public policy issues. RGMA is a premier change management firm specializing in merging supplier diversity into corporate strategy. The firm is also the leading trainer of supplier diversity professionals as a result of a 19-year relationship with NMSDC as its primary training resource.
"Our experience is in helping organizations align the supplier diversity initiative with their unique strategy, structure and culture," said Moore. "eProcurement is a key part of this process because access to diverse suppliers must be seamlessly integrated into an organization's sourcing process. SciQuest is a leader in supplier information management, and I look forward to encouraging organizations to further their supplier diversity objectives through SciQuest procurement technology."
"We're excited about our relationship with Ralph and RGMA. His market-defining vision and expertise combines with our demonstrated solutions to give our customers an unparalleled advantage in accomplishing and maintaining their supplier diversity goals," said Karen Styres, vice president of Business Development, SciQuest, Inc.
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.
Contacts:
SciQuest Media contact:
SciQuest, Inc.
Melissa London,
919-659-2228
mlondon@sciquest.com
or
SciQuest
Investor contact:
ICR, LLC
Garo Toomajanian, 1-800-550-6380
investorrelations@sciquest.com
