SQI on NASDAQ

SciQuest

American software company

JAGGAER, formerly SciQuest, is a cloud-based, AI-enabled procurement software and spend management company, covering sourcing, contract management, spend analysis, e-procurement, invoicing, payments, and supplier management. Headquartered in Durham, North Carolina, the company was founded in 1995 and took its current form after merging with the Austrian firm Pool4Tool and the Italian firm BravoSolution in 2017.3 Its shares trade on NASDAQ under the symbol SQI.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

1995Founded1

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  • TickerSQI on NASDAQ1
  • IndustryServices-Prepackaged Software1
  • HeadquartersMorrisville1
  • Websitewww.sciquest.com
  • Incorporated inDE4
  • Business address3020 Carrington Mill Blvd., Suite 100, Morrisville, Nc 275604
  • Filer categoryAccelerated filer4

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JAGGAER, formerly SciQuest, is a cloud-based, AI-enabled procurement software and spend management company, covering sourcing, contract management, spend analysis, e-procurement, invoicing, payments, and supplier management. Headquartered in Durham, North Carolina, the company was founded in 1995 and took its current form after merging with the Austrian firm Pool4Tool and the Italian firm BravoSolution in 2017. Gartner has named JAGGAER a Visionary in its Magic Quadrant for Source-to-Pay Suites for 2024, 2025, and 2026, citing its AI-powered capabilities and depth in complex direct-materials procurement, and IDC MarketScape has separately named JAGGAER a Leader in evaluations of AI-enabled contract lifecycle management and direct-spend software.3

What it owns

What SciQuest reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$35.1M6 Dec 31, 2015$27.2M6 Dec 31, 2014+29.0%
Accumulated depreciation$19.9M6 Dec 31, 2015$13.6M6 Dec 31, 2014+46.2%
Property and equipment, net$15.2M6 Dec 31, 2015$13.6M6 Dec 31, 2014+11.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$67.9M6 Dec 31, 2015$59.4M6 Dec 31, 2014+14.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$61.5M6 Dec 31, 2015$63.8M6 Dec 31, 2014−3.6%
Intangible assets, net (excluding goodwill)$18.5M6 Dec 31, 2015$23.8M6 Dec 31, 2014−22.4%
Accumulated amortization$28.7M6 Dec 31, 2015$24.5M6 Dec 31, 2014+17.2%
Finite-lived intangibles, net$18.1M6 Dec 31, 2015$23.4M7 Dec 31, 2014−22.8%

The story

Origins as SciQuest (1995–2016)

SciQuest was founded in 1995 as a business-to-business e-commerce exchange serving the higher-education and life-sciences sectors, going public in an initial public offering in 1999 and again, after being taken private in 2004, in a September 2010 IPO that raised approximately $57 million. The company then acquired AECsoft (supplier management and sourcing technology, January 2011), Upside Software (contract lifecycle management, August 2012), Spend Radar (spend analysis, October 2012), and CombineNet (advanced sourcing software, September 2013). In June 2016, SciQuest was taken private again in a $509 million acquisition by Accel-KKR.

Rebranding as JAGGAER and the Pool4Tool/BravoSolution mergers (2017)

In 2017, SciQuest rebranded as JAGGAER and expanded beyond higher education into manufacturing, healthcare, consumer packaged goods, retail, life sciences, logistics, and the public sector. That year the company combined with two established European vendors that, together with the SciQuest product line, form the core of today's JAGGAER One platform: Pool4Tool (Vienna, Austria) merged with JAGGAER in June 2017, adding direct-materials procurement alongside JAGGAER's existing indirect-procurement business; and BravoSolution (Milan, Italy) was acquired in December 2017, extending strategic-sourcing capability and JAGGAER's European footprint.

JAGGAER One and ownership changes (2019–present)

JAGGAER launched JAGGAER One, unifying its acquired product lines on a single platform, in February 2019. In July 2019, Cinven acquired a majority stake in the company at a reported valuation of approximately $1.5 billion, with Accel-KKR retaining a minority interest; Jim Bureau became CEO that October. Bureau departed in March 2023 and was succeeded by Andy Hovancik. Vista Equity Partners acquired JAGGAER from Cinven in August 2024, and Andrew Roszko, previously chief commercial officer at Descartes Systems Group, became CEO in June 2025.

From Wikipedia’s article on Jaggaer, shared under CC BY-SA 4.0.5

Leadership

Who has led SciQuest, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Stephen J. Wiehe2010–2016

President

  1. Stephen J. Wiehe2010–2016

Chief financial officer

  1. Rudy Howard2010–2015
  2. Jennifer G. Kaelin2015–2016
200020052010201520202025
Board members and other officers (17)

Products and brands

Products

JAGGAER's platform, marketed as JAGGAER One, is organized into several connected product categories:

Source-to-Contract

Sourcing & sourcing optimization – Strategic sourcing events and algorithmic bid optimization for complex, multi-variable awards.

Category management – Category-level spend planning and savings tracking.

Read the full text

Spend analytics – Spend analysis across direct and indirect spend categories.

Contract management – Contract lifecycle management, including AI-assisted contract review and obligation tracking.

Rates management – Supplier pricing and logistics rate-card management.

Procure-to-Pay

Procurement Software – Guided, catalog-based purchase requisitioning and purchase-order automation.

Supply chain collaboration – Buyer–supplier collaboration on orders, quality management, and delivery schedules.

Invoicing – Invoice capture and matching, including AI-driven "autonomous" accounts-payable processing developed with finance-automation partner AppZen — see Technology below.

Payments – Supplier payment execution and payment-cost reduction tools within the procure-to-pay workflow.

Supplier Intelligence

Supplier network & onboarding – A shared network for supplier registration and enablement.

Performance monitoring – Supplier scorecarding and risk tracking.

ESG data – Environmental, social, and corporate governance data collection from suppliers.

JAGGAER AI (JAI)

JAGGAER's embedded artificial intelligence layer, spanning conversational assistance, guided buying, and increasingly autonomous ("agentic") handling of sourcing, spend-analysis, and invoice-approval workflows — see Technology below.

Catalyze (integration and platform services)

Connect (JAGGAER Link) – API connections to enterprise resource planning systems.

Security and compliance – Access controls, audit trails, and regulatory-compliance tooling.

Embedded intelligence – The AI framework (Adopt, Advise, Assist, Analytics) underlying JAI across the other modules.

Technology

JAGGAER has embedded generative artificial intelligence and agentic-AI features across its platform under the JAI (pronounced "Jay") brand, positioned by JAGGAER as an evolution of its earlier JAGGAER Assist tool. JAGGAER has described JAI's rollout in three stages: an initial conversational Assist mode answering procurement questions and guiding navigation; a Copilot stage adding contextual recommendations such as flagging pricing outliers; and an Autopilot stage intended to run defined workflows — such as invoice approvals or routine spend analysis — with reduced direct human input. JAGGAER introduced JAI at its REV2025 customer conference in Miami in June 2025 and made it generally available to customers in May 2026, reporting to trade press an expected 50% reduction in procurement support-ticket volume during customers' first year of use, adoption across more than 40 workflows, and support for 28 languages.

Alongside the JAI rollout, JAGGAER said it had achieved ISO/IEC 42001:2023 certification — an international standard specifying requirements for organizations to establish, implement, and continually improve an artificial-intelligence management system, covering governance and risk controls around how an organization develops and operates AI — which the company described as a first among source-to-pay software vendors.

In October 2024, JAGGAER announced a partnership with AppZen, an AI-focused finance-automation company, to integrate AppZen's "Autonomous AP" technology into JAGGAER's procure-to-pay platform. The integration is designed to perform AI-driven invoice data capture and automated general-ledger coding, match multi-line invoices to purchase orders without predefined rules, and process non-PO-backed invoices with reduced manual review, connecting to JAGGAER Invoicing through a standard REST API.

Independent trade coverage has identified JAGGAER among a small set of vendors leading the adoption of agentic AI and autonomous sourcing in procurement software, citing a 2026 Ardent Partners survey in which a majority of surveyed procurement leaders reported actively using or piloting AI.

From Wikipedia’s article on Jaggaer, shared under CC BY-SA 4.0.5

Acquisitions

SciQuest acquired the following companies:

AECsoft – January 2011. Provider of supplier management and sourcing technology.

Upside Software, Inc. – August 2012. Provider of contract lifecycle management (CLM) solutions.

Spend Radar, LLC – October 2012. Provider of spend analysis software.

Read the full text

CombineNet – September 2013. Provider of advanced sourcing software.

JAGGAER acquired the following companies:

POOL4TOOL – June 2017. Provider of direct sourcing and supply chain management software.

BravoSolution – December 2017. Provider of global platform spend management solutions.

From Wikipedia’s article on Jaggaer, shared under CC BY-SA 4.0.5

Former names

  • SCIQUEST COM INCNov 3, 1999 to May 10, 20024

Timeline

  1. Sep 20, 2010New chief executive Stephen J. Wiehe becomes CEO8
  2. 1995Founded Founded1

SEC filer profile

How SciQuest is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSCIQUEST INC2
  • CIK0001082526
  • Employer ID (EIN)56-21275922
  • Filer statusAccelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • Business address3020 Carrington Mill Blvd., Suite 100, Morrisville, NC 275602
  • Phone919-659-21002
  • Shares outstanding27,808,603 as of Apr 30, 201627
  • Public float$411.9M as of Jun 30, 20156
  • On EDGAR sinceSep 20, 19992
  • Filings576 in all: 4 (270), 8-K (67), SC 13G/A (37), 3 (31), 10-Q (30), S-1/A (15), SC 13G (15), DEF 14A (10)2
    All 44 form types

    DEFA14A (10), 10-K (8), UPLOAD (8), 8-K/A (7), S-8 (7), S-8 POS (5), CORRESP (4), EFFECT (4), PRE 14A (4), S-1 (4), SC 13D/A (4), 10-K405 (3), D (3), 4/A (2), 424B4 (2), DEFM14A (2), PREM14A (2), PRER14A (2), S-1MEF (2), SC 13D (2), 10-K/A (1), 15-12B (1), 15-12G (1), 25-NSE (1), 424A (1), 424B1 (1), 424B3 (1), 424B5 (1), 8-A12B (1), 8-A12G (1), CERTNAS (1), POS AM (1), REGDEX (1), RW (1), S-3 (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Feb 22, 2016
    Quarterly report (10-Q) May 6, 2016
    Proxy statement (DEF 14A) Mar 14, 2016
    Latest 8-K (8-K) Jul 28, 2016

Sources

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