WRAL Tech Wire

 Revenues up 18%, profits flat at SciQuest

Looking ahead, the Cary-based online procurement and related services firm sees revenue growth continuing.

 SciQuest pays $22M for Upside Software

The Cary company pays cash to add authoring and managing contracts to its current source-to-settle suite of tools.

 SciQuest names vice president for technology

 In the news: Valencell, SciQuest, Liquidia, SAS, Furiex

Local tech briefs: Valencell wins award at CTIA Wireless show; SciQuest updates materials service; Liquidia touts two new studies; Allstate picks SAS; Fuiriex licenses drug, makes another deal with its rights.

 Earnings reports: SciQuest, PowerSecure, Furiex, Targacept

Profits for SciQuest, Targacept; in the red for PowerSecure, Furiex.

 In the news: Bronto, Lulu, Business Empire Consulting, SciQuest, Liposcience

Local tech briefs: Bronto keeps hiring; Lulu adds Google Drive app; Business Empire Consulting wins DNC deal; SciQuest expands services; LipoScience wins award.

 In the news: Axial Exchange, SciQuest, Cree, Sensus, lupus survey

Axial Exchange goes 'cloud;' Los Angeles picks SciQuest; Cree adds more LEDs; Sensus in smart grid deal; lupus impact understated, survey finds.

 SciQuest boosts profits, revenue by 30% over 2010

"While revenue was slightly below our expectations, we executed strongly and exceeded guidance from a profitability and cash flow perspective," CEO says. "We are very excited to enter 2012 in a position to be able to accelerate our long-term growth by stepping up investments in new products and broadening our customer focus."

 Tech news: Alien Skin, SciQuest, DataFlux, LabCorp, Verizon Wireless

Alien Skin's latest software; SciQuest lands new customer; DadaFlux launches "Learning Café;" LabCorp revenue climbs; Verizon's 4G plans in NC.

 City of Raleigh picks SciQuest for online procurement

The Cary-based company is a global provider of software and services for buying of goods and management solutions.

 Newsmakers: SciQuest, ChannelAdvisor, LabCorp, Bayer CropScience, Red Hat

SciQuest wins Texas hospital business; ChannelAdvisor adds 26 auto dealers; LabCorp extends Orchid Cellmark offer; Bayer CropScience names new exec; Red Hat Summit seeks papers.

 Earnings: SciQuest, PowerSecure, Cornerstone, FairPoint

SciQuest earnings top expectations; PowerSecure revenues surge, and company plans stock buyback; Cornerstone profit drops; FairPoint in the red.

 Tech briefs: Digitalsmiths, Viamet, SciQuest, Clinipace, Ziptronix

Digitalsmiths adds video discovery tool; Viamt names chief medical officer, SciQuest lands new client; Clinipace promotes an exec; Ziptronix reports chip distortion advance.

 Making headlines: LabCorp, SciQuest, Synexcis, Precision

LabCorp extends stock offer; Synexcis signs reseller; SciQuest joins two trade groups; Precision BioSciences files patent suit.

 SciQuest revenues surge but profit declines; stock falls 6%

The Cary-based provider of e-procurement services says quarterly income grew 22 percent over a year ago but profit remains flat.

 Save The Date: SciQuest announces NextLevel 2012

SciQuest announces date for the NextLevel Annual Conference to be held in Florida next year.

NextLevel2012

 ChannelAdvisor lands top pet catalog for e-commerce; SciQuest to provide e-procurement to Stony Brook; PPD names clinical exec for Asia Pacific

 Analyst hails SciQuest as a 'large opportunity'

"At the foothills of a large opportunity," is how Canaccord Genuity initiates describes the Cary-based e-procurement firm, which is adding more office space. The Wall Street analysis firm initiates coverage of SciQuest with a "buy" rating and a stock target price of $20.

 SciQuest revamp pays off, paper says; Apple music service coming Monday; Electronic Arts going online for games; Groupon founders' next vision; Facebook game maker eyes IPO

 SciQuest chief operating officer is stepping down

In other management moves, the Cary-based provider of e-procurement services names general counsel and vice president for technology.