SciQuest, Inc. is an on-demand strategic procurement and supplier enablement solution that integrates its customers with their suppliers. The Company’s on-demand software enables organizations to realize benefits of strategic procurement by identifying and establishing contracts with preferred suppliers, driving spend to those contracts and promoting process efficiencies through electronic transactions. Using its managed SciQuest Supplier Network, its customers do business with more than 30,000 suppliers. Its target markets include higher education, life sciences, healthcare and state and local governments. As of December 31, 2010, it served 195 customers operating in 14 countries and offered its solution in five languages and 22 currencies. In January 2011, it acquired AECsoft USA, Inc.