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SciQuest and CambridgeSoft.com Provide Enhanced Chemical Search Capabilities to Scientists Worldwide.

Business/Technology Editors

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Nov. 15, 2000

Partnership enables chemists to search, source and buy more

efficiently than ever.

SciQuest (NASDAQ:SQST), a builder and operator of private marketplaces and supply chain solutions exclusively focused on leading research enterprises and their supplier partners worldwide, today announced a multi-year partnership with CambridgeSoft.com, a leading Internet chemistry software and tool provider. The alliance enables SciQuest to significantly enhance its Web-based chemical database and functionality, giving researchers the ability to search by chemical structure and substructure, as well as properties such as molecular weight ranges and formulae.

"We continue to look for ways to expand SciQuest's offerings to meet the needs of end-users in the global scientific marketplace. This new functionality gives scientists the ability to search their SciQuest-enabled private marketplace more intuitively for reagents and chemical compounds," said Scott Andrews, SciQuest's CEO and co-founder. "Medicinal and organic chemists, in particular, think of chemicals by their structure. By incorporating CambridgeSoft.com's proven chemical structure management technology into SciQuest's private marketplace offering, scientists will be able to source reagents by their structure and by substructures, as well as by chemical name and CAS number, a unique identifier for chemicals."

The alliance is further evidence of SciQuest's exclusive focus, domain expertise and comprehensive menu of integrated services. "We remain committed to advancing science through e-commerce, supply chain solutions and e-services that increase efficiency and reduce costs for both buyers and suppliers," Andrews continued.

"SciQuest has emerged as one of the fastest growing and most credible companies serving the scientific community with e-commerce and supply chain solutions," notes Michael Tomasic, CambridgeSoft.com's CEO. "We are excited to extend the CambridgeSoft.com content and services to the growing base of SciQuest customers. Chemists recognize and appreciate the deep domain expertise and concentrated focus provided by SciQuest through its growing supplier base, unique enterprise asset management solutions, and this new partnership with CambridgeSoft.com."

The SciQuest `chemical shopper' will allow scientists to narrow their selection of chemicals using multiple search parameters relevant to the target structure. "Starting with simple reagents, scientists tweak the structures in successive steps to create complex molecules," explains Dr. J. Holland Jordan, SciQuest's director of marketing for chemicals. "Searching by structures is, therefore, a natural way for scientists to conduct their research." For example, if a pharmaceutical company desires to develop a drug that controls the pain of arthritis, its scientists will often improvise on a known `pharmacophore' - a molecule with useful biological activity. The chemical shopper enables scientists to search for suitable reagents that contain desirable structural elements. This will be a powerful tool in their efforts to develop a better drug candidate and is extremely helpful in the areas of combinatorial chemistry and high throughput screening."

The SciQuest-CambridgeSoft.com agreement also provides for richer data integration between the SciQuest commerce systems and EMAX Reagent Manager(TM) solutions. EMAX, a SciQuest company, is a leading provider of innovative asset manager software solutions already in use at many of the world's largest pharmaceutical and biotechnology companies.

About CambridgeSoft.com

CambridgeSoft.com operates the leading Internet chemistry community, with web indexed database content and news (ChemFinder.Com and ChemNews.Com), and business-to-business e-commerce (ChemStore.Com), for scientists and researchers in the pharmaceutical, biotechnology, chemical industries and universities. ChemOffice including ChemDraw, published by CambridgeSoft.com, are the leading desktop research and discovery software applications in chemistry. Information about CambridgeSoft.com products, services, and resellers worldwide is available at http://www.camsoft.com, or by calling +1-800-315-7300 or +1-617-588-9100.

About SciQuest

SciQuest is a builder and operator of private marketplaces and supply chain solutions focused exclusively on leading research enterprises and their supplier partners worldwide. Its unbiased position and domain expertise make SciQuest the best qualified to make e-commerce work for science through enabling technologies, supply chain solutions and e-services. The company's proven technology and back-office infrastructure can be utilized independently or integrated with leading software vendors and supplier systems to unite science, information and technology. SciQuest's solutions, including the EMAX electronic research asset management and planning solutions, enhance innovation and improve operational effectiveness. Headquartered in Research Triangle Park, N.C., the company has North American offices in Mountain View, Calif.; Plainview, N.Y.; and Philadelphia; and European offices in London, Paris and Walldorf, Germany. For more information about SciQuest, please visit www.sciquest.com or call +1-919-659-2100 (USA) or +49 (0) 6227-382240 (Walldorf).

Statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties, including all statements regarding future business focus or profitability. For such statements, the Company claims the protection of the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995. The potential risks and uncertainties associated with these forward-looking statements could cause actual results to differ materially from those presented herein, and the reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements include, among others, the Company's ability to accurately forecast future performance, to successfully market the SciQuest brand, to successfully expand its international operations, to successfully establish its e-Services division, to increase transaction volume, to attract and retain a broad range of purchasers and suppliers, to effectively add additional products to its e-commerce database, to offer new and expanded services in a profitable manner, to negotiate favorable pricing terms with suppliers, to successfully integrate its acquisition of EMAX Solution Partners and to otherwise operate efficiently and cost effectively. These and other risk factors are discussed in the Company's recent filings with the Securities and Exchange Commission, including the Form 10-Q for the quarter ended June 30, 2000 and the Form 10-K for the year ended December 31, 1999.
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Date:Nov 15, 2000
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