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This article was published in U.S. 1 Newspaper on October 6, 1999. All rights reserved.
Big IPO for ITXC
The company that started two years ago in a house on
Library Place raised $75 million with an initial public offering last
week. ITXC went public on September 30 with 6,250,000 shares of stock
on NASDAQ (symbol: ITXC). Even though the stock market went down that
day, the price for ITXC went up by 41 percent, from $12 to $28, and
an additional 937,500 shares were added to the total. Trading has
hovered around $27.
Tom and Mary Evslin founded the company with early funding from AT&T
and VocalTec (U.S. 1, July 15, 1998). Tom Evslin had just left A&TT,
where he had set up the Internet service provider business, AT&T WorldNet.
As the CEO of ITXC he has a 25.6 percent stake in the company. Intel
owns 11.6 percent.
ITXC is a Tier 1 carrier of Internet telephony; with a presence in
73 cities and 36 countries it has the largest global Internet telephony
network. In addition to selling voice and fax calls to carriers and
resellers, it offers enhanced services available only through the
Internet. It has 100 employees at 600 College Road.
ITXC Corp. (Internet Telephony Exchange Carrier),600 College Road East, Princeton 08540. Tom Evslin, CEO. 609-419-1500;fax, 609-419-1511. Home page: https://www.itxc.com.Top Of PageDeathsCharles R. Nystrom, 44, on September 26. He was a machineoperator for DeMag DeLaval.Karen J. Ziegler, 53, on September 27. She was a coordinatorfor the Career Training Institute at Mercer County College.Salud Lozano Olessi on September 28. She taught at Lawrencevilleand Stuart Country Day.Robert E. Lauer, 62, on October 1. He was a chemist andmanager with Carter-Wallace.Previous StoryCorrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
