5/03/01

SCIQUEST LEVERAGES VALITY’S INTEGRITY eSEARCH FOR OPTIMIZED E-COMMERCE SEARCHING AND INDEXING

Kurt Peters , Executive Editor

Online Marketplace for Scientific Products Enhances Customer Searches

BOSTON, Mass. (May 1, 2001) – Vality® Technology, the leader in enterprise data quality management software and consulting services, today announced that SciQuest (NASDAQ: SQST), a leading technology and solutions company that provides integrated e-commerce and asset management solutions for research enterprises and their supply chain partners worldwide, has successfully implemented the INTEGRITY eSearch™ technology to provide advanced search results for its online catalog. SciQuest chose INTEGRITY eSearch to help its Web customers find the products they seek as part of its continuing investment in search enhancements.

According to Jupiter Communications, 48 percent of buyers cite the ability to search and find products on a Web site as the leading factor that will spur future online purchases. E-marketplaces are faced with the challenge of producing accurate search results and advanced search tools. Major corporations investing in e-procurement increasingly understand that obtaining ROI objectives is reliant upon the search and product content of the application.

SciQuest chose INTEGRITY eSearch software because of its flexibility in terms of changing search standards, its faster loading speed, and the product’s architecture, which is easily scaleable to support catalog growth. SciQuest expects faster, more accurate results that minimize effects of misspellings, differing terminology, and even non-phonetic spellings.

“SciQuest has some of the most sophisticated users of any e-commerce application, scientific researchers. We understand the critical role of search and content. And have continually invested in this critical capability for over 4 years,” said Rob Fusillo, chief information officer at SciQuest. “Vality’s INTEGRITY eSearch`s built-in tolerance for search term ambiguity makes the e-commerce search process easier for us to implement and more effective for our shoppers. We believe that this gives SciQuest a competitive advantage.”

“Data quality is a critical component for effective online searches, especially if it is for scientists,” said Mark Atkins, president and CEO, Vality Technology. “SciQuest’s product listings are among the most complex and technical in the world. INTEGRITY eSearch cuts through the ‘noise’ of users’ varied input and the inconsistent data in catalogs to locate the products that shoppers want and provides information to site administrators to continually enhance searching capabilities to optimize sales and the customer experience.”

SciQuest currently has customer relationships with half of the top ten pharmaceutical companies, six of the top ten chemical companies, and three of the top ten biotechnology companies. Its catalog currently includes more than one million products from over 850 suppliers

About SciQuest

SciQuest is a technology and solutions company that provides integrated e-commerce and research asset management solutions for research enterprises and their supply chain partners worldwide. Its domain expertise, proven technologies, and professional services capabilities uniquely position SciQuest to make e-solutions work for science. The Company`s platform and solutions can be utilized independently or integrated with leading software, automation equipment and supplier systems to enhance innovation, reduce costs, and improve operational effectiveness for scientific organizations worldwide. Headquartered in Research Triangle Park, N.C., the Company has offices in Philadelphia, 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).

About Vality Technology

Vality® Technology (http://www.vality.com) is the recognized leader in enterprise data quality management and provides customers and partners with data standardization, matching software and consulting services. Vality’s customers and partners represent Global 5000 corporations engaged in finance, healthcare, insurance, manufacturing, pharmaceuticals, retail, telecommunications, energy, and utilities. Some of them include Aetna U.S. Healthcare®, IBM®, Marks & Spencer®, NatWest®, www.onlinesuppliers.com corp.™, Telstra®, and UPS®. These companies rely on Vality’s patent-pending technology to develop and deploy enterprise data quality management solutions that ensure the ROI of Customer Relationship Management (CRM), Business Intelligence, e-Commerce and Supply Chain Management (SCM) initiatives. Vality was recently listed in Boston Magazine`s Best Places to Work; was named one of the 15 Stars of eCommerce by eCom Advisory; and was selected for DM Review’s Data Warehouse 100.

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Contact:
Jill Delaney
Vality Technology, Inc.
617-338-0300
jdelaney@vality.com

Stefanie Guzikowski

Beaupre & Co. Public Relations
603-559-5836
sguzikowski@beaupre.com


Topics:

Access Commerce, Customer experience management, Customer relationship management, IBM WebSphere Commerce, Online shopping

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