QuadraMed Corp.

12110 Sunset Hills Rd.

Year founded: 1993

Industry: information technology

Post 200 Category: Top 125 Companies

Revenue: $130.46 Million

Net Income/Loss: ($41,829,000.00)

Earnings per share: ($1.23)

Dividend: n/a

Stockholder equity: $32.64 Million

Auditor: BDO Seidman LLP

Stock: QD

Assets: $119.41 Million

Market capitalization: $60.92 Million

52-week high: 3.55 5/6/2004

52-week low: 1.3 3/16/2005

Chairman and CEO: Lawrence P. English

CFO and EVP: John C. Wright

Employees: 700

Local employees: 250

Description: QuadraMed sells information technology products designed to automate financial and administrative processes in the health care sector.

Developments: It was a tough year for QuadraMed, which struggled to reduce its costs while refining its offerings within the health care software industry. To bolster its product offerings, the company made two acquisitions in 2004: QuadraMed bought Détente Systems Pty Ltd., an Australian medical-imaging software firm, in January for $4 million. And in June it bought Tempus Software Inc., a Jacksonville, Fla., firm that sells scheduling software, for $6 million in cash plus 2.6 million shares of QuadraMed stock. A Securities and Exchange Commission investigation that had plagued QuadraMed for several years was closed in May. The company agreed to a cease-and-desist order related to transactions that took place in 1998 and 1999. QuadraMed said no fines were levied by the SEC. In April, the firm named John C. Wright its new chief financial officer. Wright, who replaced Charles J. Stahl, previously served as chief financial officer of Teligent Inc. QuadraMed, which trades on the American Stock Exchange, issued $100 million in convertible stock to institutional buyers in June. The company's 2004 loss widened to $41.8 million from $23.9 million in 2003. Revenue rose slightly, to $130.5 million from $125.1 million. The firm incurred two charges during its fourth quarter, including a $4.2 million charge for closing a California location and a $3.3 million charge for shuttering its financial services division.