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SciQuest Layoffs

Messages relating to layoffs at SciQuest are presented below the company info.

SciQuest

Company information:

Industry/Area of Activity:
Management and Business Services
Company Stock Ticker:
Private company. No ticker. Not Listed.
Stock traded at:
Not applicable
About SciQuest:
A company specializing in facilitating electronic strategic procurement, a process which over time saves its customers (including large educational institutions and pharmaceutical companies) tremendous amounts of money. At the University of Pennsylvania, SciQuest is the technology on which the University's Cost Containment Project functions, an effort which began June 2006 to save $50 million over four years. To date, the project has already generated savings of $29 million. At the University of Pennsylvania, SciQuest is the technology on which the University's Cost Containment Project functions, an effort which began June 2006 to save $50 million over four years. To date, the project has already generated savings of $29 million.
Revenue information:
SciQuest is located in Cary, NC (North Carolina). It was established in 1995. 2004 estimated revenue was $6.8 million. 2007 Estimated revenue was $20.8 million. It's estimated that it employed 150 resources in 2008. You can visit SciQuest's website here: www.sciquest.com

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