Top 5 Warren Buffett Stocks To Invest In 2016: SciQuest Inc.(SQI)
SciQuest, Inc. provides an on-demand strategic procurement and supplier enablement solution worldwide. The company?s solution integrates its customers with their suppliers for automating the source-to-settle process. Its solution include various modules, such as sourcing director, spend director, requisition manager, order manager, settlement manager, supplier contract management and authoring, total supplier manager, supplier diversity manager, and materials management. The company delivers its solutions over the Internet using a software-as-a-service model. It serves higher education, life sciences, healthcare, state and local government entities, and commercial customers through direct sales force. SciQuest, Inc. was founded in 1995 and is headquartered in Cary, North Carolina.
Advisors' Opinion:- [By Steve Symington]
What: Shares of SciQuest, (NASDAQ: SQI ) plunged 19% Friday after the cloud-based business-automation specialist released in-line first-quarter results, but followed with disappointing forward guidance.
- [By Holly LaFon]
A second company that makes enterprise software is SciQuest (SQI), which provides procurements and spending management software on a subscription basis. Unlike one of its chief competitors, which targets everyday supply purchases made by big companies, SciQuest provides automated purchasing to a different segment by focusing on universities, hospitals, local and state governments, etc.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-warren-buffett-stocks-to-invest-in-2016.html
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