#b#New in Town#/b#
IM Practices, 4390 Route 1 North, Suite 203, Princeton 08540; 484-995-8904; fax, 801-926-4209. Vidhi Agarwal, managing partner. www.impractices.com
IM practices, an IT services provider, has moved here from Hasbrouck Heights. IM provides technology, consulting, and staffing services to the life sciences, finance, and manufacturing industries.
Trollbeads, 125 Village Boulevard, Suite 315, Princeton 08540; 609-936-3939. Douglas Guenther, CFO. www.trollbeads.com
Trollbeads, a Denmark-based seller of jewelry beads, has opened an American distribution office in Princeton Forrestal Village.
Atlas Communications Technology Inc., 103 Morgan Lane, Suite 101, Plainsboro 08536; 732-917-7040; fax, 718-373-7555. Steven Pitchon, VP of business development. www.atlascomminc.com
Atlas Communications technology, an IT firm headquartered in Manhattan, has opened a location on Morgan Lane. The firm provides managed IT services.
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 Ventures, a Lenox Drive-based capital firm, has sold its interest in educational services company Presidium to Blackboard for $20 million.
Presidium, based in Virginia, provides enrollment, financial aid, and educational technology services. Blackboard, which provides technology for schools to host online programs, bought Presidium for $53 million.
Mathematica Policy Research Inc., 600 Alexander Park, Suite 100, Princeton 08540; 609-799-3535; fax, 609-799-0005. Paul Decker, president. www.mathematica-mpr.com
Mathematica Policy Research, which conducts surveys for governments and institutions, has signed a 15-year, 125,429-square-foot lease in Washington, D.C.
Princeton Power Systems Inc., 201 Washington Road, Building 2, Princeton Junction 08550; 609-955-5390; fax, 609-751-9225. Marshall Cohen, CEO. www.princetonpower.com
Princeton Power Systems will open a 10,000-square-foot manufacturing station in the Princeton Service Center business park at 3490 Route 1 North.
The center, across from the Princetonian Diner, is the spawning ground of several tech companies including Epitaxx, which was co-founded by Greg Olsen, who sits on the board of directors at Princeton Power.
The firm’s Washington Road headquarters will house the firm’s administrative offices, while the new research facility is expected to greatly expand Princeton Power’s developmental capacity.
The firm, founded in part by Princeton University graduate Darren Hammell, develops electric power conversion technology for variable speed motor control, power quality, renewable and distributed generation applications.
Angelini Labopharm, 202 Carnegie Center, Suite 107, Princeton 08540; 609-454-0201; fax, 609-454-0202. Mary Anne Heino, president. www.angelabo.com
Angelini Labopharm, a joint venture between Gruppo Angelini and Labopharm to market the antidepressant Oleptro, has named Mary Anne Heino its president.
Formerly the senior vice president for sales and marketing at Labopharm, Heino had served as acting president since the company was formed last year. As acting president Heino oversaw the U.S. launch of Oleptro last August.
Prior to joining Labopharm in 2007 Heino held executive positions with Centocor and Janssen Pharmaceuticals, both subsidiaries of Johnson & Johnson. She holds an MBA from NYU.
John Grove Peck, 80, on January 27. He was a music librarian at Westminster Choir College
Neil Otto, 61, on January 26. He taught engineering electronics at the College of New Jersey and Mercer County College and owned Otto Electronics in Hamilton.