Corrections or additions?
This article was published in U.S. 1 Newspaper on November 24,
1999. All rights reserved.
Management Moves: RCN and PFS
RCN Corporation (RCNC), 105 Carnegie Center,Princeton08540. David C. McCourt, CEO. 609-734-3700; fax, 609-734-7551.Http://www.rcn.com.Eileen Gabriel has been named chief information officer of thistelecommunicationscompany. Formerly vice president of information systems at Toys RUs, she will be in charge of developing RCN’s Convergent Billing andOperational Support project (C-BOSS) to support RCN’s bundled serviceofferings — local and long distance phone, cable television, andInternet services.”One of my key challenges is to build a knowledgeable anddedicated staff,” she says.Princeton Financial Systems, 600 College Road East,Suite 2400, Princeton 08540. James C. Russell, CEO. 609-987-2400;fax, 609-987-9320. Home page: https://www.pfs.com.James C. Russo, 52, is the new chief executive officer, succeedingWilliam Mayhall. He retains his post as president. A graduate of Pace,he had had vice president jobs at Shaw Data Services and ContinentalInsurance before joining Princeton Financial in 1992. PFS is anindependentsubsidiary of State Street Corporation and a provider of portfolioaccounting and management systems for institutional investors.Top Of PageLeaving Towni-on Technologies Inc., 3131 Princeton Pike. JonNeal, president. 609-620-0095; fax, 609-620-0096. Home page:https://www.iontek.com.After one year on Princeton Pike, this Microsoft solution providerhas moved to 100 Round Hill Drive, Freehold 07728; 732-303-1173.Information Paradigms Inc., 101 College Road East,Princeton 08540. William T. Grimm, president. 609-514-1000; fax,609-514-0360.Home page: https://www.infoparadigm.com.This management consulting and systems development for financialservicesindustry has had a liquidation sale for its office equipment,accordingto the landlord. Of the 11,000 feet that the firm vacated, FirstHealthServices took 7,600 feet on the third floor, and VLSI/PhilipsSemiconductorsis temporarily in part of the 9,000 square foot space on the firstfloor.Tyndale Plains-Hunter, 17K Princess Road,Lawrenceville08648. Murray H. Reich, president. 609-912-1050; fax, 609-912-1055.Murray Reich has sold the 26-year-old polymer company to CTBiomaterials,a three-year-old division of CardioTech International based in WoburnMassachusetts (781-933-4772,https://www.cardiotech-inc.com.).The sale was made in July and the four-person company has startedpacking. “We will slowly move the company up here,” says JohnHudson, director of operations of the acquiring firm, which is tradedas CTE on the American Stock Exchange. It manufactures hydrophobicbiomaterials that do not absorb water. “We purchased TPH becausethey make a hydrophylic or water-loving polymer, and we thought thetwo companies would be synergistic,” says Hudson.Reich, the president, will remain in Princeton as a consultant (U.S.1, January 7, 1998). TPH sells polyether polyurethanes to HeleneCurtis’Thermosilk series. It also sells products to Kendall, a division ofTyco, for wound care dressings. CT International supplies Chronoflex,an access port for delivering pharmaceuticals, to CP Bard. It has22 employees evenly divided between Massachusetts and the UnitedKingdom.Top Of PageIkon Down-sizesJeff Miller, the account manager, Andy Thornton, and two otheremployeesof a legal document service moved from Princeton Executive Campusand were absorbed by Ikon’s Philadelphia office. This branch of the$5.6 billion company, one of 125 in the document services division,provides all kinds of legal document services, such as litigationcopy, data storage, and trial exhibits.Nevertheless, the parent company, Ikon Office Solutions, remains atPrinceton Executive Campus. James Forese is president and CEO of IkonOffice Solutions, which employs 250 people in Malvern, Pennsylvania,and 40,000 employees in 1,000 locations worldwide.Founded in 1965 by Tink (Tinkham) Veale as a specialty manufacturingcompany called Alco Standard Corporation, this firm went public thesame year. It moved into various fields — chemicals, healthcare,and wine and spirits, and by 1997 it had sold off or spun off allcompanies but two. Its paper distribution firm, Unisource Worldwide,was sold to Georgia Pacific. Meanwhile, Alco bought a couple hundredoffice machine distribution companies and changed its name to IkonOffice Solutions, trading on the New York Stock Exchange as IKN. Nowthe parent company offers office equipment and facilities managementplus computer networking, and the subsidiary does document services.”The difference between an Ikon and a Xerox is that Ikon partnerswith a lot of different vendors,” says a spokesperson, who claimsIkon is second only to Xerox in sales for office machines and is thenumber one distributor of Canon products in the United States. Itis also an authorized vendor for Ricoh, Oce, and Muratec.Ikon Document Services (IKN), 1760 Market Street,Suite 800, Philadelphia PA 19103, 215-557-7070; fax, 215-557-8067.Jim Bocchino, managing partner.Ikon Office Solutions (IKN), 4301 Route 1 South,Princeton Executive Campus Suite 125, Monmouth Junction 08852.973-882-1989.Http://www.ikon.com.Top Of PageName ChangesThe Regional Planning Partnership, 870 MapletonRoad, Princeton 08540. Dianne Brake, president. 609-452-1717; fax,609-452-2321. Http://www.princetonol.com/groups/msm.Formerly the MSM Regional Council, the non-profit planning andadvocacygroup made its name change official. The MSM had stood for Middlesex,Somerset, and Mercer, the three counties on which the organization’sefforts continue to be focussed.Top Of PageStock NewsTrintech (TTPA), 5 Independence Way, Princeton08540. Kevin McGuire, operating manager. 609-720-9000; fax,609-720-1020.Home page: https://www.trintech.com.Trintech made history by being the first Ireland-based company tocompete an initial public offering on two stock exchanges on one day,September 24. It is trading on the Nasdaq as TTPA and on theNeuerMarketin Germany as TTP. The sale of 5.8 million shares at $11.55 raised$63 million. This Princeton office does software development forE-commerce.Top Of PageDeathsJames Carlton Bennett III, 32, on November 9. He workedat Covance Inc.Dina M. Giovannini, 37, on November 17. She was afinancialanalyst with Merrill Lynch in Plainsboro.Bernadette B. Berrien Marcellious 79, on November 18.She had been a receptionist at Princeton University Press.Douglas W. Gunn, 59, on November 18. He had worked atPrinceton Plasma Physics Laboratory.Previous StoryCorrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
