SciQuest, Inc. (Nasdaq: SQST) has licensed the Web-hosted model of its Enterprise Reagent Manager (ERM) to Air Products and Chemicals Inc. to improve the company’s internal chemical management processes and enhance compliance reporting in the industrial chemical workplace.

“There are four main reasons for our decision to license SciQuest’s hosted model of ERM,” George Witmer, manager of technical data systems for Air Products, said in a statement. “It is important that we implement a solution to manage chemicals without disrupting our current research operations. Also, we wanted to avoid additional investments in hardware and ongoing support costs and to reduce internal support requirements. The implementation of the hosted version of ERM will put us in a better position to take advantage of enhanced functionality as new releases become available.”

SciQuest ERM is a Web-enabled research-asset management and planning software application that enables enterprise-wide procurement and management of chemical materials. SciQuest says the software package reduces the time scientists spend on material acquisition, inventory management and logistics.

RTP-based SciQuest is a software, information and services company that provides solutions to enhance research operations for pharmaceutical, biotechnology and other research-based organizations.

Air Products and Chemicals is the world’s only combined gases and chemicals company. Founded more than 60 years ago, the business has annual revenues of $5.7 billion and operations in 30 countries. The company, headquartered in Allentown, PA, has more than 18,000 employees around the world.

SciQuest: www.sciquest.com

Air Products and Chemicals: www.airproducts.com