Biz
SciQuest gets noticed by Internet powers
Triangle Business Journal - by Staff Reports
Is Scott Andrews on track to become a high-tech superstar?
The CEO of SciQuest of Durham is speaking at an exclusive conference in Snowbird, Utah, this week sponsored by Silicon Valley investment giant Hambrecht & Quist. His speech is scheduled along with talks by the CEOs of such Internet giants as Lycos, Yahoo! and CMG.
Meanwhile, Internet World magazine put Andrews on the cover of its Feb. 8 edition.
Andrews is hot because SciQuest has attracted $10.5 million in venture capital from some leading investment groups and is on the prowl for tens of millions of additional dollars. SciQuest is gearing up to be a sort of Amazon.com for scientists, selling technical equipment over the Internet.
Andrews isn't letting all this go to his head. That was obvious when he and colleague Peyton Anderson addressed a Feb. 23 luncheon sponsored by the Council for Entrepreneurial Development.
Andrews described how he and Anderson developed humility when they went 21 months without a paycheck while developing the firm. Both men lavished praise on CED, where they've made contacts and attended classes for years.
"If there's such a thing as a CED junkie company, it's us," Anderson said.
Weekend hackers don't need to worry about the layout of Brier Creek Country Club -- golf great Arnold Palmer says he will design it with you in mind.
Palmer visited the Triangle Feb. 23 for a groundbreaking ceremony at the course hosted by Toll Brothers, the Pennsylvania-based developer that plans to build hundreds of luxury homes along the course's fairways.
"I don't think about the guys who shoot 70" when laying out a course, he said. "I'm more interested in the average golfer."
Palmer, 69, says he becomes a bit more average with each passing year "The older I get, the shorter the tees get (in design)."
While he likes a course that can be easily walked, he added, "I want people to use carts because that increases our revenues."
One member of "Arnie's Army" who didn't make the groundbreaking was Riprand Count Arco, the New York real estate investor who leads the team that bought the Brier Creek site from an Eastern Airlines pension fund in 1996.
The jet-setting German count, it seems, had a prior engagement: He was dove hunting in Argentina.
Palmer said he was pleased to see so many fellow Wake Forest University alumni at the Brier Creek reception.
He also acknowledged Raleigh Mayor Tom Fetzer, noting that he attended Wake Forest with Fetzer's father in the early 1950s when the college still was located in the Triangle.
Biz hears that home-security service ADT plans to shutter the Triangle offices of Entergy Security after all.
ADT parent Tyco International bought Entergy, which was headquartered in Raleigh, in January for $237 million.
Officials initially said administrative offices would move to ADT headquarters in Boca Raton, Fla., but a local customer service center would remain in Raleigh. Sources now say the dozens of jobs at the local center will be transferred by June to a new operation ADT is building in Jacksonville, Fla.
That will leave lots of room open at Six Forks Place, developer Douglas Hobbs' office complex near the intersection of Six Forks and Wake Forest roads. Entergy has eight years left on a 10-year lease for about 30,000 square feet there.
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