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This articles by Barbara Fox were published in U.S. 1 Newspaper on September 29, 1999. All rights reserved.
Trintech’s IPO
An Irish electronic commerce company with a Princeton
R&D lab did an initial public offering on Nasdaq on Friday, September
24. The starting price for 5.8 million shares of Trintech (TTPA) was
$11.55 and the stock closed September 27 at just under $15.
Kevin McGuire, the oldest of three brothers who founded this company,
recruited former colleagues at Princeton Plasma Physics Lab to help
open the R&D office here (U.S. 1, December 3, 1997), and it has expanded
to 16 employees in 4,172 square feet on Independence Way. Its latest
product is ezCard, a virtual version of a consumer’s plastic credit
or debit card that resides on the PC and “auto-populates”
(fills out) online merchant payment forms.
The new stock is being managed in the United States by Deutsche Banc,
Alex.Brown Inc., BancBoston Robertson Stephens Inc., and Donaldson
Lufkin & Jenrette Securities Corp.
Trintech (TTPA), 5 Independence Way, Princeton08540. Kevin McGuire, operating manager. 609-720-9000; fax, 609-720-1020.Home page: https://www.trintech.com.Top Of PageVoxware’s SaleAfter six years of developing digital speech and audiotechnologies. Voxware has sold its speech coding business to Lucentfor $5.1 million in cash. Now it will concentrate on making speechrecognition-based industrial automation products for such applicationsas warehouse picking, receiving, inventory, and manufacturing inspection.The firm has 34 employees and 9,000 square feet on College Road East.Before it went public in October, 1996, Voxware had focused on consumerCD-ROM products. Then it targeted Internet telephones (U.S. 1, July16, 1997) but found that market lagged behind expectations. In 1997,when Bathsheba J. Malsheen replaced co-founder Michael Goldstein asCEO, the company was burning through the $20 million raised from theIPO at a rate of $1 million per quarter. Malsheen changed the focusto original equipment manufacturing (OEM) clients instead of end-userapplications and, when the company bought Verbex Voice Systems, beganto concentrate on warehouse systems.”The cash from the Lucent transaction will be instrumental infunding marketing and product development initiatives in our industrialspeech recognition products business, which we have been pursuingsince our acquisition of Verbex Voice Systems in February,” saysMalsheen.Voxware’s most recent warehouse product is the Mobile Voice Pac, aheadset with a boom microphone for use in a refrigerated warehousewhere workers need to keep their hands and eyes free.Voxware Inc. (VOXW), 305 College Road East, Princeton08540. Bathsheba J. Malsheen, president and CEO. 609-514-4100; fax,609-514-4101. Home page: https://www.voxware.com/.Top Of PageContracts AwardedSovereign Bank Arena, 640 South Broad Street, Box8068, Trenton 08650. Scott Sloman, general manager. 609-278-2757;fax, 609-278-2756. Home page: https://www.sovereignbank-arena.com.The Electric Factory Concerts and Metropolitan Entertainment Grouphave formed a joint partnership to promote concerts at this 10,000-seatarena, managed by GFS of Tampa, Florida. Among the first concertsis John Mellencamp on October 22.Top Of PageIn the NewsCompugen, 7 Centre Drive, Suite 7, Jamesburg 08831.Simchon Faigler, vice president, technology. 609-655-5105; fax, 609-655-5114.Home page: https://www.cgen.com.This bioinformatic research and development company, profiled in U.S.1 on June 2, was included in a September 20 New York Times article:”Compugen, after building a successful business selling bioinformaticstools, has recently added a genomics thrust, selling novel gene variantsthe Compugen researchers have identified with the company’s tools.”Top Of PageLeaving TownNew Jersey Technology Council, 1001 Briggs Road,Suite 280, Mt. Laurel 08054. Maxine Ballen, president. 856-787-9700;fax, 856-787-9800. Home page: https://www.NJTC.org.Maxine Ballen has moved the eight-person office of the New JerseyTechnology Council to Mt. Laurel; phone and fax are new. The statewidegroup provides networking, information, and services for the state’stechnology businesses.The NJTC has retained one office at its Princeton location, at thelaw firm of Buchanan Ingersoll, but this office will be staffed onlyfor meetings and not on a regular basis. “As the council grows,”said Ballen in a letter to members, “our members are spread throughoutthe Innovation State. Thus opening an office in South Jersey onlymade sense.”Ernst & Young, 202 Carnegie Center, Suite 200,Princeton 08543-5321. Donald R. Richards, managing partner. 609-951-8800.Almost all of the nearly 50 employees vacated the regional officeat 202 Carnegie Center and relocated to Ernst & Young’s Iselin office.The remaining crew is scheduled to leave by October 1.Farm Fresh Flowers Inc., 166 Bunn Drive, Princeton08540. Leonor Cubillos-Brown, owner, marketing manager. 609-921-7466.This small flower brokerage business has moved to Florida. The newnumber is 305-594-1038.Meridian Emerging Markets Ltd., 3535 QuakerbridgeRoad, Hamilton 08619. Tacio M. Carvalho, president and CEO. 609-584-5590.Home page: https://www.memltd.com.The global financial information services provider, founded in 1996,officially closed its offices on September 3. All questions regardingaccounts are directed to Chris Rogers, 609-915-2571. The mailing addressis now Box 28, Titusville, 08560.It published an online newsletter about worldwide emerging marketswith real-time news, pricing, and research services and compiled fundamentalfinancial information on publicly traded emerging markets companies.Top Of PageDeathsEdward C. Fox, 65, on September 23. He was an electricalengineer at the Sarnoff Corporation.Arthur H. Dura, 64, on September 24. He worked at HeinemannElectric and at Sam’s Club at Nassau Park.Previous StoryCorrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
