MORRISVILLE, N.C.--(BUSINESS WIRE)--Robert Bonavito, a 30-year technology, procurement and supply chain veteran has joined SciQuest, Inc. as its new CEO. SciQuest provides the most complete, holistic, cloud-based suite of spend management and procurement solutions currently available.
SciQuest currently has over 550 customers and 500,000 suppliers on their platform. Its customers include Sunoco, Kimberly-Clark, Toshiba, the United States Air Force, Starbucks and many other major corporations, universities and government agencies.
“SciQuest is the proven procurement solutions leader within the higher education, life sciences and government spaces. We are road-mapping the company’s growth to realize the same level of success within new markets, while further expanding existing ones. We’ll be adding to our suite of solutions and aggressively pursuing the commercial, food and beverage and manufacturing sectors. This is a fantastic opportunity to take the dominant market player to the next level,” says Robert Bonavito.
“Our team built a great business and Robert Bonavito is the right person to continue our forward growth and momentum,” says Stephen Wiehe, who has stepped down as CEO.
Mr. Bonavito was most recently the Chairman of On Center Software. He has held executive roles in Fortune 500 Companies and helmed one of the most successful companies within the supply chain space. He founded and was the CEO of iTradeNetwork, a SaaS-based global provider of supply chain management solutions serving over 10,000 companies, with over $220 billion in annual commerce.
SciQuest was acquired by Accel-KKR, a leading technology-focused private equity firm, in July 2016.
SciQuest is a leading provider of spend management solutions delivering value beyond savings. Through the continued release of key innovative technology and a drive toward making our customers successful, we deliver exceptional value in user experience, productivity and operational efficiency. Our cloud-based, mobile-enabled, source-to-settle platform addresses all stages of procurement from the automation of core processes to enabling sophisticated, strategic and multifaceted sourcing solutions. We specialize in handling simple procurement needs to the most advanced supplier and supply chain requirements. SciQuest serves a wide range of industries and organizations including many of the Global Fortune 500. For more information visit http://www.sciquest.com.