New Site May Mean New Home for Baan
BR New Site May Mean New Home for Baan By Bob Starzynski Staff Writer The 281-acre campus that Baan Real Estate bought in Loudoun County, Va., last month may become the corporate headquarters for the Baan Co., one of the largest software companies in the world. Marvin Newell, chief operating officer of the company's Americas division, said that his division will definitely move its headquarters to the new location, several miles from Washington Dulles Internati
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New Site May Mean New Home for Baan
By Bob Starzynski
Staff Writer
The 281-acre campus that Baan Real Estate bought in Loudoun County, Va., last month may become the corporate headquarters for the Baan Co., one of the largest software companies in the world.
Marvin Newell, chief operating officer of the company's Americas division, said that his division will definitely move its headquarters to the new location, several miles from Washington Dulles International Airport. In addition, he said, the company could consolidate its dual headquarters from Putten, Netherlands, and Menlo Park, Calif., into one central headquarters at the Virginia site.
Baan photo - Marvin Newell, chief operating officer of Baan's Americas division |
The new campus, which will be developed over the next five years, will eventually house 1,000 employees and students. In addition to the corporate offices for the software company, Baan Real Estate is using the land for an educational institution as well as offices for Baan Investment, the parent of the real estate business. Employees will start occupying offices on the campus in about six months. The company's grand plan eventually calls for 2.5 million square feet of office and training space.
Even if the software company does not move its headquarters to Virginia, the Americas division still will be housed there, Newell said. Considering the health of the Northern Virginia economy, the technology talent pool in the region and the geographic proximity to major markets, Newell gives the corporate relocation good chances.
Baan has focused almost exclusively on the commercial market to date. The company has not targeted the federal or other government markets. Newell said that the proximity to the federal government is not a factor for the company in deciding on a location.
"We target manufacturing companies, not the government," he said. "But that is not to say we won't go after that market in the future."
New markets may become a necessity for Baan in the future, said Hochfeld. Over the past two years, Baan has gained a lot of market share in the enterprise resource planning field. Hochfeld believes that the company will meet increasing competition and that in the current market Baan's growth will slow.
Newell dismisses the idea of slowed growth. "We've been growing extremely quickly and that should continue."
Company | Headquarters | Market | Employees | Revenue | Net income |
(from most recent nine months) | |||||
Oracle Corp. | Redwood Shores, Calif. | Nasdaq National Market | 29,431 | $4.7 billion | $549.8 million |
SAP A.G. | Walldorf, Germany | Frankfurt Stock Exchange | 11,998 | $2.2 billion | $472 million* |
PeopleSoft Inc. | Pleasanton, Calif. | Nasdaq National Market | 2,490 | $555.2 million | $69 million |
Baan Co. | Putten, Netherlands, and Menlo Park, Calif. | Nasdaq National Market Amsterdam Stock Exchange | 3,500 to 4,000 | $443.2 million | $47 million |
* Pretax profit (net income figure not available) Source: Company releases |
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