Area served Global Website www.sciquest.com Founded 1995 | Key people Robert Bonavito, CEO CEO Stephen Wiehe (2001–) | |
Industry Internet Software & Services Number of locations Chicago, Pittsburgh, Newtown Square, PA Products Spend Management Software, CLM Software Headquarters Morrisville, North Carolina, United States Subsidiaries Upside Software Inc., Spend Radar LLC Profiles |
Sciquest in two minutes
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.
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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, Bravosolution, Oracle, GEP, Zycus, Tradogram, Ivalua, Tradeshift, Coupa, Ariba, and Emptoris.
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Acquisitions
SciQuest has acquired the following companies over the previous years: