SciQuest, a provider of spend management solutions delivering value beyond savings, celebrated its 20th anniversary by revealing a new brand yesterday. According to a statement, the brand was revamped in order to create a brand that reflects the company’s unique ability to solve its customers’ complex spend management problems and its commitment to continue to evolve its solutions to meet the ever-changing needs of business.

The brand refresh coincides with SciQuest’s completion of its platform update, which provides procurement practitioners with a fully integrated suite of spend management solutions that help customers capture value beyond savings and power success. According to the company, customers can now complete the entire source-to-settle process in one location, allowing companies to better manage the increasingly complex procurement industry now and in coming years.

“For two decades, SciQuest has been dedicated to simplifying procurement. Our roots in science and education help us remain grounded in how critical our mission is and what our customers need,” said Karen Sage, chief marketing officer of SciQuest in a statement. “An incredible amount of science – from analytics and big data to programming and mobile technology – fuels the success we help our customers achieve every day. Our new brand embraces that.”

SciQuest’s new brand includes a new logo, tone, and website that represent its focus on the future with bolder colors, more contemporary design and an emphasis on solutions the company delivers for its customers. The brand was designed to reflect the company’s key goals for its next decade:

  • Unwavering commitment to customers and their success
  • Continuing alignment with the company’s expansion into new markets
  • Leading advancements in procurement technology by leveraging cloud and mobile capabilities
  • Maintaining a process that keeps the complexities of an end-to-end source-to-settle process “behind the scenes”
  • Ongoing growth and transformation that enables innovation for the future
  • Igniting employees’ energy and passion for building new and better solutions

“Our company has spent the past four years building an end-to-end spend management platform that is second to none,” said Sage. “With that important work behind us, we are now focused on showing businesses across all verticals that we have the best and most powerful solutions for their complex procurement needs.”

To recognize both the 20th anniversary of the company’s incorporation and fifth anniversary since becoming a public company, SciQuest executives rang the Opening Bell at the Nasdaq MarketSite in Times Square on Monday morning.