Arizona State University Taps SciQuest

Signs five-year license agreement for integrated procurement and materials management solution

Research Triangle Park, N.C., and Tempe, AZ — April 30, 2003 — SciQuest Inc. this week announced a five-year license agreement with Arizona State University for a campus-wide implementation of the HigherMarkets procurement automation and LifeCycle materials management solutions to improve researcher efficiency and chemical management processes.

According to the university, the agreement enhances the Innovation Supply Chain by integrating all of the solutions for supplier enablement, procurement automation and materials management. The Innovation Supply Chain provides a roadmap for efficiently integrating suppliers and research-intensive organizations to ensure that materials and information are distributed in the right quantities, to the right locations, at the right time.

"This agreement provides a toolset that will help us expand the capacity of our research community. Better processes can contribute to outcomes that are not only good for our university, but can also be supportive of the economic development of our region and our state," said Ray Jensen, associate vice president of administration for Arizona State University and president-elect of the National Association of Education Buyers. "By partnering with SciQuest, Arizona State is proactively implementing measures to manage the resources entrusted to us by our constituents, the citizens of Arizona."

Arizona State University has secured user licenses for a university-wide rollout of the entire suite of SciQuest e-procurement and materials management solutions, including procurement automation and materials management.

Supplier Enablement Campus users will have access to over 1,000 multi-commodity suppliers through the SciQuest Supplier Network. The agreement also includes the activation of up to 40 of the university's preferred suppliers through both hosted and punch-out interfaces.

"Arizona State University was a pioneer in e-procurement, and we are excited about delivering our complete solution set to them," said Stephen Wiehe, CEO of SciQuest. "By choosing to implement integrated Innovation Supply Chain solutions, Arizona State University is building an infrastructure that will allow their research community to efficiently find, acquire and manage critical materials."