SciQuest, Inc.

SciQuest, Inc.

SQI
SciQuest, Inc.US flagNASDAQ
17.75
USD
+0.01
- -
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Dividends Per Share

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Company Description

APIChat
Sector
Technology
Industry
Software - Application
Address
IPO Date
Sep 23, 2010
Business
SciQuest, Inc. SciQuest, Inc. (NASDAQ:SQI), founded in 1995 and headquartered in Morrisville, North Carolina, provides cloud-based business spend management solutions that automate procurement processes from source-to-settle; its core offerings include Spend Director for e-procurement integration and workflow automation, Spend Radar and Portfolio Savings Manager for spend analysis and savings tracking, Sourcing Director and Advanced Sourcing Optimizer for strategic sourcing, Total Contract Manager for contract lifecycle management, Total Supplier Manager and Supplier Network for supplier collaboration, Enterprise Reagent Manager for chemical inventory in life sciences, and Accounts Payable Director for invoicing automation. The company originally focused on B2B e-commerce for higher education and life sciences before transitioning to comprehensive e-procurement software, expanding into sectors such as manufacturing, healthcare, retail, consumer packaged goods, logistics, and the public sector with global operations spanning North America, EMEA, APAC, and the Middle East. Acquired by Accel-KKR in a $509 million all-cash transaction in July 2016 and taken private with its NASDAQ listing terminated, SciQuest rebranded to JAGGAER in 2017 to reflect its broadened source-to-pay capabilities, followed by key acquisitions including Pool4Tool in June 2017 for direct materials procurement, BravoSolution in December 2017 for enhanced spend management, and earlier deals like Upside Software in 2012 for contract management and CombineNet in 2013 for sourcing optimization; JAGGAER launched its unified JAGGAER One platform in 2019, was majority-acquired by Cinven in 2019, and in 2024 transitioned to ownership by Vista Equity Partners while forming recent partnerships such as with Technology Force in Saudi Arabia in January 2025 for Middle East expansion and BearingPoint in APAC in 2024 for consultancy-driven growth.