SciQuest Completes Acquisition of AECsoft

CARY, N.C., Jan. 3, 2011 (GLOBE NEWSWIRE) -- SciQuest, Inc., (Nasdaq:SQI) a leading provider of on-demand strategic procurement and supplier enablement solutions, today announced that it has completed its acquisition of AECsoft USA, Inc., a leading provider of supplier management and sourcing technology. As announced on December 21, 2010, the acquisition adds comprehensive supplier management, sourcing and compliance reporting to SciQuest's best-in-class eProcurement suite.
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