SciQuest, a valued partner and provider of cloud-based procurement and spend management solutions, today announced a change in leadership. Robert Bonavito, described as a 30-year technology, procurement and supply chain veteran, will take the helm as CEO, replacing Stephen Wiehe, who has stepped down.

According to the press release, Mr. Bonavito was most recently the Chairman of On Center Software. 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. “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.

SciQuest, a recipient of PayStream’s 2014 P2P Technology of the Year Award, currently serves over 550 customers and targets commercial, higher education, healthcare and public sector markets. SciQuest’s cloud solutions come with extensive security measures, and they can be integrated with any ERP or financial system to adapt to customers’ requirements. For more information on SciQuest solutions including a a full case study on Maersk Group’s adoption of Advanced Sourcing Optimizer (ASO), see our 2016 Sourcing Report.

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