We did some analysis of the upcoming SciQuest IPO.
The Wrapper: SaaS solution for purchasing and procurement for higher education (63% of customers), public sector (3% of customers), life sciences (23% of customers) and healthcare organizations (11% of customers.) $300K average selling price. 165 customers. $40M revenues, 165 customers, 125,000 users, 78% gross margins, 18% operating margins, $220M proposed market value, 183 employees (46 S&M, 54 R&D), based in Raleigh, NC.
Recipe History: SciQuest . . .