UP!
| Industry | Internet Software & Services |
|---|---|
| Founded | 1995 |
| Headquarters | Morrisville, North Carolina, North Carolina, U.S. |
|
Number of locations
|
Chicago, Pittsburgh, Newtown Square, PA |
|
Area served
|
Global |
|
Key people
|
Robert Bonavito, CEO |
| Products | Spend Management Software, CLM Software |
| Website | www |
SciQuest is a pure-play provider of cloud-based business automation solutions for spend management headquartered at Morrisville, North Carolina. It has offices in Newtown Square, PA, and Pittsburgh, PA. The company’s tagline is, Value Beyond Savings.
SciQuest conducted an IPO in 1999 following its establishment in 1995 as a B2B eCommerce exchange. In 2001, SciQuest transitioned from a B2B exchange company into eProcurement software and supplier enablement platforms. SciQuest was taken private in 2004 to continue its move into eProcurement, inventory management and accounts payable automation. SciQuest completed an IPO in September, 2010 raising approximately $57 million. SciQuest was taken private in June 2016 as part of an acquisition by Accel-KKR, a private equity firm headquartered in Menlo Park, CA. Robert Bonavito became CEO of SciQuest in September 2016, bringing 30+ years of leadership in the procurement and sourcing software space. Steve Lundin, formerly of technology thought leadership agency BIGfrontier, also joined the company as CMO, in September, 2016.
In Q1 of 2017, SciQuest underwent a rebranding, emerging as JAGGAER with a more directed focus on the procurement industry. Along with the name change, the company tagline and mission were updated. "Simply Comprehensive Spend Solutions," became the tagline for Commercial and Higher Education markets.
SciQuest's competitors include SAP, Bravosolution, Oracle, GEP, Zycus, Tradogram, Ivalua, Tradeshift, Coupa, Ariba, and Emptoris.
SciQuest has acquired the following companies over the previous years:
| 2016-06-24 | Downgrade | Raymond James | Outperform to Market Perform | $19.50 |
| 2016-06-24 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform | $19.50 |
| 2016-05-31 | Downgrade | Northland Securities | Outperform to Market Perform | |
| 2016-05-31 | Reiterated Rating | Canaccord Genuity | Hold | $17.75 |
| 2016-05-31 | Downgrade | William Blair | Outperform to Market Perform | |
| 2016-02-05 | Boost Price Target | Canaccord Genuity | Hold | $12.00 to $14.00 |
| 2015-10-30 | Reiterated Rating | Canaccord Genuity | Hold | $12.00 |
| 2015-07-31 | Downgrade | Canaccord Genuity | Buy to Hold | $20.00 to $14.00 |
| 2015-07-31 | Lower Price Target | Northland Securities | Outperform | $20.00 to $17.00 |
| 2015-07-08 | Initiated Coverage | Northland Securities | Outperform | $20.00 |
| 2015-05-01 | Reiterated Rating | Canaccord Genuity | Buy | $20.00 |
| 2015-03-18 | Reiterated Rating | Canaccord Genuity | Buy | $20.00 |
| 2015-02-06 | Reiterated Rating | Canaccord Genuity | Buy | $20.00 |
| 2014-11-25 | Initiated Coverage | JPMorgan Chase & Co. | Neutral | $17.00 |
| 2014-10-31 | Reiterated Rating | JMP Securities | Market Outperform | $26.00 to $22.00 |
| 2014-10-31 | Reiterated Rating | Canaccord Genuity | Buy | $24.00 to $20.00 |
| 2014-07-31 | Reiterated Rating | Raymond James | Outperform | $24.00 to $19.50 |
| 2014-05-02 | Lower Price Target | Pacific Crest | $38.00 to $24.00 | |
| 2014-05-02 | Lower Price Target | JMP Securities | Outperform | $31.00 to $26.00 |
| 2014-05-02 | Lower Price Target | Canaccord Genuity | $36.00 to $24.00 | |
| 2014-02-26 | Upgrade | Canaccord Genuity | Hold to Buy | $28.00 to $36.00 |
| 2014-02-25 | Boost Price Target | Pacific Crest | $29.00 to $38.00 | |
| 2014-02-07 | Boost Price Target | Pacific Crest | $28.00 to $29.00 | |
| 2014-01-17 | Boost Price Target | Canaccord Genuity | Hold | $24.00 to $28.00 |
| 2013-11-19 | Set Price Target | JMP Securities | $25.00 to $31.00 | |
| 2013-11-06 | Boost Price Target | Canaccord Genuity | Hold | $22.00 to $24.00 |
| 2013-09-24 | Boost Price Target | Raymond James | Outperform | $25.50 to $28.00 |
| 2011-08-29 | Initiated | Barrington Research | Outperform | $18.25 |
| 2011-06-10 | Initiated | Canaccord Genuity | Buy | $20 |
| 2011-02-24 | Reiterated | JMP Securities | Mkt Outperform | $15 to $16 |
| 2010-11-03 | Initiated | William Blair | Outperform | |
| 2010-11-03 | Initiated | JMP Securities | Mkt Outperform | $15 |
| 2016-06-24 | Downgrade | Raymond James | Outperform to Market Perform | $19.50 |
| 2016-06-24 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform | $19.50 |
| 2016-05-31 | Downgrade | Northland Securities | Outperform to Market Perform | |
| 2016-05-31 | Reiterated Rating | Canaccord Genuity | Hold | $17.75 |
| 2016-05-31 | Downgrade | William Blair | Outperform to Market Perform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In SQI 4 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| MANAGED ACCOUNT ADVISORS LLC | 0.20M |
| KILLEN GROUP INC | 41816 |
| Placemark Investments, Inc. | 24295 |
| Dynamic Technology Lab Pte Ltd | 16585 |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| Trinity Ventures VIII, L.P. | 3.62% (995711) | SQI / |
| Trinity Ventures VII, L.P. | 2.52% (692581) | SQI / |
| Martini Jeffrey A Senior VP of Worldwide Sales | 0.27% (73526) | SQI / |
| Trinity VIII Side-By-Side Fund, L.P. | 0.21% (56759) | SQI / |
| Broddle Daryl VP of Technology | 0.14% (38406) | SQI / |
| Trinity VII Side-By-Side Fund, L.P. | 0.08% (21420) | SQI / |
| Trinity VIII Entrepreneurs' Fund, L.P. | 0.07% (18529) | SQI / |
| Fenton Noel J | 0.05% (14539) | SQI / |
| Heffernan C Gamble VP of Marketing and Strategy | 0.05% (13000) | SQI / |
| HOWARD RUDY Chief Financial Officer | 0.04% (12000) | AMBR / SQI / |
UM