SciQuest Closes on Acquisition, Now a Private Company

Trinity Ventures closed its acquisition of SciQuest on Wednesday, turning SciQuest into a private firm.
SciQuest no longer will be listed on NASDAQ.

SciQuest shareholders will receive $6.33 a share in a deal worth some $25 million.

“The closing of this transaction marks a new beginning for SciQuest,” said Stephen J. Wiehe, president and CEO of SciQuest, in a statement. “As a privately-held company, we are better positioned to serve our customers and continue to build on the significant momentum that we have accomplished over the last year.”

SciQuest: www.sciquest.com