MORRISVILLE, N.C. … Corixa has signed a three-year license renewal for SelectSite Advanced Procurement Application, an enterprise e-procurement solution developed by SciQuest (Nasdaq: SQST).

SelectSite is a web-based sourcing, procurement and catalog management application designed for science-intensive organizations seeking the benefits of electronic procurement. It provides an e-procurement system, including an online product catalog with more than 1,000 suppliers, catalog management, requisition approval routing, electronic order distribution to suppliers, detailed reports and financial system integration.

“We are delighted to have Corixa renew their agreement with us and we view this as validation of the expense reduction and productivity benefits of e-procurement, specifically SelectSite,” Kerry May, vice president of worldwide sales for SciQuest, said in a statement. “With the pressure to reduce costs, companies of all sizes are starting to realize the positive financial benefits of investing in a hosted, enterprise procurement solution.”

Based in Seattle, Corixa is a developer of immunotherapeutics with a focus on treating and preventing autoimmune diseases, cancer and infectious diseases by understanding and directing the immune system.

SciQuest is a software, information and services company that provides solutions to pharmaceutical, biotechnology and other research-based organizations. The company says it is focused on enabling researchers and their organizations to reduce costs, improve
efficiencies, increase quality and speed the process of research.