QuadraMed Moves East
The Washington area economy may be sluggish, but the area is still a magnet for some corporate growth, with the latest newcomer being QuadraMed Corp., a San Rafael, Calif., health-care software company that said last week it was moving its headquarters to Reston.
QuadraMed, which went public in 1996, already has 200 employees at its Reston office at 12110 Sunset Hills Rd., including several executives, but 50 are still at the California headquarters, where the company was founded in 1993. Some of the California personnel have been offered chances to move east, and the rest got severance packages.
"The goal is to improve the effectiveness of management," said Carey Rutigliano, QuadraMed's director of finance. "They were trying to bring it all together, to strategically make it easier."
One who is not moving east is the chief financial officer, Mark N. Thomas, who decided to leave QuadraMed at the end of the year rather than relocate. Thomas is to be replaced by Martin Aquino, who joined the firm in August as an interim senior manager and project leader in the company's financial restatement process.
-- Kenneth Bredemeier
Firms Win Start-Up Help
Two Loudoun firms were selected as the first area recipients of loans through a new national Small Business Administration program.
Lawrence Parker, president of Empower Security in Ashburn, and Brigitta Toruno, president of Uno Communications in Sterling, were presented with the first two checks from the Small Office/Home Office loan initiative of the SBA.
Under the SOHO program, home-based and very small, office-based businesses in the Washington area are eligible to obtain $5,000 loans, as well as free technical assistance from the Service Corps of Retired Executives and Small Business Development Centers.
The goal of the initiative is to prevent small-business owners from having to use personal assets or to obtain a consumer loan for business start-up expenses.
Loudoun County was selected as the kickoff location for the SBA district, which also includes Prince George's County, Fairfax County, Arlington County, Montgomery County and the District.
-- Amy Joyce
Duratek Signs Lucrative Contracts
Duratek Inc., a Columbia radioactive-waste-disposal firm, said last week that it signed two subcontracts worth $110.7 million with Bechtel National Inc. to help design and test a Washington state waste-treatment plant. Bechtel won a contract from the Energy Department to build the Hanford Waste Treatment Plant, one of the department's largest environmental cleanup projects.
One of Duratek's subcontracts, worth about $86.7 million, is for research, development and testing services. The subcontract is scheduled to last through 2006. The second subcontract, for engineering support, is worth about $24 million and is scheduled to continue through 2006. The plant is to open around that time and plans call for the plant to eventually treat 53 million gallons of waste stored in 177 underground tanks.
The new agreements ensure Duratek's work on the plant, which the company has been involved with since 1998, officials said.
"These contracts take us through the start-up of the facilities and positions the company for additional long-term contracts on the project," said Duratek President Robert E. Prince.
-- Sabrina Jones
Doling Out Hospitality Duties
Executives at MeriStar Hospitality Corp., a Washington real estate investment trust, are splitting their duties with the trust's affiliate, Interstate Hotels & Resorts Inc., which manages hotels.
John Emery will become president and chief operating officer of Interstate and will oversee the operation of 400 hotels in 45 states. Emery was president and chief operating officer of the trust and the management company.
Donald D. Olinger will become MeriStar's chief financial officer. He previously worked for nine years as a senior vice president and corporate controller for Host Marriott Corp., a MeriStar competitor.
-- Dana Hedgpeth