Electronic purchasing and spend management software company SciQuest (NASDAQ:SQI) reported a third quarter loss of $1.8 million, which the company attributed to the expected impact of its recent acquisitions.
Updated September 3
SciQuest makes another acquisition, this time bringing into the fold CombineNet. Read why SciQuest made the move.
SciQuest CEO Stephen Wiehe said Colorado and Oregon are the only states that have not followed through on implementing the software after initially signing up. He said the risk other states would do the same is low.
SciQuest (NASDAQ:SQI) saw its second quarter revenue reach $21.2 million, up 34 percent from a year ago, as two acquisitions made last year made contributions to the company's sales.
Updated July 15
SciQuest, a Cary-based provider of e-procurement services to clients worldwide, is adding space in moving its headquarters to a new office building in Morrisville next year.
Stephen Wiehe, the top executive at SciQuest since 2001, succeeds Noel Fenton, the formal board chair, did not stand for re-election.
Jeffrey Martini is leaving the e-procurement services firm after eight years. He will be replaced by Douglas Keister.
Dennis Gillings, who started Quintiles in a trailer more than 30 years ago, rings the opening bell on the New York Stock Exchange today to celebrate the giant's return to public markets. Stephen Wiehe, who led SciQuest through a similar private-to-public Odyssey, recalls the "humbling" ringing bell honor.
Stphen Wiehe claps after opening Nasdaq
Updated May 2
SciQuest said its financial results were impacted by two acquisitions it made last year.
Updated March 6
Stephen Wiehe, who joined the company in 2001, could earn $316,000 in bonuses this year. The Cary e-procurement firm is forecasting 30 percent growth this year.
Bolstered by continuing growth and two acquisitions made in 2012, Cary-based SciQuest is projecting a 30 percent surge in revenue this year to at least $86 million.
The University of Wisconsin at Madison is the latest higher education institution to contract with Cary-based SciQuest for procurement services.
Updated December 6, 2012
Inside the Bulldog blog: Sensus whitepaper says smartgrid technology can save utilities billions; Red Hat lands SAP certification; SciQuest upgrades eprocurement product; Maintec opens new data center; Bandwidth.com subsidiary Inetwork lands an e911 deal.
November 30, 2012
Inside the Bulldog Blog: SciQuest wins deal with Tennessee universities; Excel4apps targets SAP users; KnowledgeTree ups data security; DARA seeks orphan status for drug; FairPoint sells Idaho operations
Updated November 16, 2012
Inside the Bulldog Blog: NetApp and Cisco make acquisitions; Red Hat invests in a startup; Apple buys Nortel patents; AT&T expands its roaming plans.
November 15, 2012
Cary-based SciQuest says has hired Stacy West, a 25-year communications veteran, as vice president of marketing and communications.
Updated November 12, 2012
Inside the Bulldog Blog: Tekelec wins mobile award; BioCryst drug shows promise against yellow fever; Cree's new power module; Dex One wins marketing award; Scynexis compound could boost hepatitis C fight; Tengion secures patent.
November 9, 2012
Inside the Bulldog Blog: Revenues surge at SciQuest; Cempra reports earnings; ATTUS cracks down on fraud; ChannelAdvisor expands service offerings; Belk extends ecommerce services contract; Tranzyme reports loss.