Voxware Inc., 300 American Metro Boulevard, Suite 155, Hamilton 08619; 609-514-4100; fax, 609-514-4101. Scott Yetter, president. www.voxware.com.
Voxware, a provider of software for voice-driven warehousing operations, is no longer a public company.
CEO Scott Yetter said the decision to go private was mainly for easing the strictures required to run a publicly traded company. “The burden and cost of public company compliance keeps rising every year,” Yetter said. “As a private company we now have greater operational flexibility and can focus more on long-term growth without undue emphasis on short-term earnings and fluctuations in the price of our stock.”
The move follows a decision by Cross Atlantic Partners, one of the Voxware’s major shareholders, to invest in helping the company go private.
#b#New in Town#/b#
Certified Financial Services LLC, 600 Alexander Road, Princeton 08540; 609-356-0056; fax, 609-228-8951. Bill Madden, manager. www.cfsllc.com.
Certifies Financial Services, a Paramus-based provider of insurance and retirement planning services, has opened an office at 600 Alexander Road.
Laureate Pharma LLP (SFE), 201 College Road East, Princeton 08540; 609-919-3300; fax, 609-452-7211. Michael Griffiths, CEO. www.laureatepharma.com.
Laureate Pharma, which provides contract manufacturing for protein-based biologicals, has named Kathleen Bloch as its new CFO.
Bloch comes to Laureate from PC Group Inc., a New York-based firm that develops skin care products. She served as that company’s COO and CFO since 2007. Bloch also used to manage day-to-day operations for the Silverman Group, a real estate and investment company based in Short Hills.
For 10 years prior she was employed by Silver Line Building Products Corporation, a privately-held manufacturer of vinyl windows, where she served as CFO from 1999 until 2006 when the company was acquired by Andersen Corporation.
Bloch holds a bachelor’s in accounting and an MBA from LaSalle University.
Axis Insurance Company, 1 University Square, Second Floor, Princeton 08540; 609-216-0843. Christopher DiSipio, CEO, global accident and health. www.axiscapital.com.
Axis Insurance has named Peter Vogt the COO of its global accident and health division, which is based at University Square on Alexander Road at Route 1. He will manage the division’s actuarial, finance, IT, and operations teams.
Before joining Axis Vogt was executive vice president and CFO at Penn Mutual and CFO at Cigna Group Insurance. He also served as an executive at Hartford Life Insurance Company for 15 years. Vogt graduated from Temple with a bachelor’s in actuarial science and economics.
Direct Express Couriers, 2119 Route 33, Hamilton Square 08690; 609-528-0313; fax, 609-528-0314. Mike Monaco, owner. www.directexpresscouriers.com.
Direct Express, a courier service specializing in the medical, legal, advertising, and printing industries, appears to have left its location on Route 33 in Hamilton. The site is empty and the phone number does not connect. The number at the company’s alternate location in Philadelphia also does not connect.
The company had been in Hamilton for about three years, moving in late 2007 from Sicklersville. At the time, owner Mike Monaco stated that his company had in 18 months gone from himself to a staff of 26 drivers making roughly 100 deliveries a day.
Marine Corps Scholarship Foundation Inc., 200 Forrestal Road, Princeton. www.mcsf.org.
The Marine Corps Scholarship Fund, which provides scholarships to sons and daughters of U.S. Marines, has closed its Princeton office and moved its operations to the nonprofit’s national headquarters in Alexandria, Virginia.
International Fund Services LLC, 155 Village Boulevard, Princeton. www.imsi.com.
International Fund Services, a hedge fund administration firm based in New York, appears to have left its Princeton satellite office. The phone number for the Village Boulevard location no longer connects directly to the firm, and the fax number does not answer. The Princeton office also is no longer listed on the company’s main website. The firm, a division of State Street Bank and Trust, can be reached at 212-339-2700.
NRG Energy Inc. (NRG), 211 Carnegie Center, Princeton 08540-6213; 609-524-4500; fax, 609-524-4501. David Crane, president and CEO. www.nrgenergy.com.
NRG Energy has acquired the 290-megawatt Agua Caliente solar project in Arizona from First Solar for an undisclosed amount. The project is scheduled to be completed by 2014 and has a 25-year power purchase agreement with Pacific Gas and Electric Company. When completed Agua Caliente is expected to be the largest operational photovoltaic site in the world, providing electricity for more than 225,000 homes.
Edison Venture Fund, 1009 Lenox Drive, Building 4, Suite 200, Lawrenceville 08648; 609-896-1900; fax, 609-896-0066. John H. Martinson, managing partner. www.edisonventure.com.
Edison Venture Fund has invested $5.5 million NetProspex, on online publisher of user-submitted business contact information that maintains a digital database of roughly 16 million contacts.
NetProspex plans to use the investment to enhance its enterprise service offerings, including its trademark CleneStep verification process and its recently launched SocialStep platform. NetProspex also plans to utilize the latest money to expand its sales and marketing arms and to add products to its suite of services.
Rive Technology, 1 Deer Park Drive, Suite A, Monmouth Junction 08852; 732-329-4441; fax, 732-329-4464. Larry Dight, head of research.
Rive Technology, a developer of catalyst technology designed to increase the yield of transportation fuels, has received a $25 million investment from energy investors led by the Blackstone Group, an alternative fund management firm based in New York.
Rive, which also has an office in Massachusetts, will use the funding to further its research into petroleum fuel efficiency.
In a statement, Jamie Kiggen, senior managing director of the Blackstone Group, said Rive’s catalyst technology is “on the cusp of commercialization and the company is poised to have a major impact on the refining industry.”
#b#Commercial Real Estate Happenings#/b#
SanMar, 283 Prospect Plains Road, Cranbury West, Cranbury 08512; 609-395-1333; fax, 609-395-6744. Robert Manganelli, distribution manager. www.sanmar.com.
SanMar, a distributor of imprinted apparel, has acquired an 811,000-square-foot building in the Northeast Business Park at 141 West Manor Way in Robbinsville from LaSalle Investment Management for $29.1 million.
The one-story building was built in 2007 and features heavy power, 36-foot clear heights, and 80 loading docks. SanMar will be expanding its distribution operations from its Cranbury location.
Adam Citron and Jonathan Tesser of Cassidy Turley represented SanMar. David Knee of Jones Lang LaSalle represented the seller.
Cenlar FSB, 425 Phillips Boulevard, Ewing 08618-6400; 609-883-3900; fax, 609-538-4006. Gregory S. Tornquist, president/CEO. www.cenlar.com.
GeoSyntec Consultants, 7 Graphics Drive, Suite 106, Ewing 08638; 609-895-1400; fax, 609-895-1401. Mary F. DeFlaun PhD, principal. WWW.geosyntec.com.
Cenlar FSB, a national provider of mortgage and loan subservicing, has acquired 46,000 square feet of office space at 7 Graphics Drive in Ewing. Environmental consulting firm Geosyntec, which moved to 7 Graphics Drive earlier this year from 3131 Princeton Pike, has leased 5,472 square feet.The deals bring the 72,300-square-foot building to full occupancy.
Cenlar is expected to move into the building in the spring. The company will consolidate into two floors, bringing its executive and administrative functions together with its back office operations.
John Cunningham of Colliers International represented landlord Biomed Realty Trust in the deals. Steve Tolkach of Newmark Knight Frank, represented the buyers.
Amy Locane-Bovenizer, 39, has been indicted for aggravated manslaughter and assault by auto in a June 27 traffic accident on Cherry Valley Road in which Hopewell resident Helene Seeman was killed and her husband, Fred, injured. Police said the accident happened because of an earlier, minor accident from which Locane-Bovenizer was fleeing. Locane-Bovenizer, once an actress on TV’s “Melrose Place” had been involved with a play at Hopewell’s Off-Broadstreet Theater at the time. According to police, she had been drinking before the accident. She is free on $50,000 bail, but faces up to 30 years in prison.
Robert Harwood, 81, on December 17. He spent 32 years as a tool and die maker with RCA’s at David Sarnoff Research Labs, where he received several patents for machining techniques.
Stanley Charles Smoyer, 98, on December 15. A former Princeton Township mayor, he was a force in the founding of the Princeton Area Community Foundation, a board member of Planned Parenthood Princeton, and a trustee of Princeton Day School. He also funded the project that would become Barbara Smoyer Memorial Field, named for his wife, who predeceased him.
Julius Hafitz, 89, on December 14. He was a general practitioner of medicine in Trenton for 55 years and was affiliated with St. Francis Medical Center.
Suzanne Keller, 83, on December 9. A sociologist, she was the first woman ever to receive tenure at Princeton University, in 1966.