Edited by Scott Morgan
#b#Heartland To Pay $60M to Visa Issuers#/b#
Heartland Payment Systems (HPY), 90 Nassau Street, Second Floor, Princeton 08542; 888-798-3131; fax, 609-683-3815. Robert Carr, CEO. Home page: www.heartlandpaymentsystems.com.
Heartland Payment Systems, which processes credits card payments, announced on January 8 that it will pay as much as $60 million to Visa card issuers in connection with the 2008 data breach that put more than 100 million transactions at risk.
According to the Associated Press, the money will help cover losses the Visa issuers incurred after hackers installed spying software on Heartland’s computer network in late 2008. The intrusion affected the system used to process Visa, MasterCard, American Express and Discover Card transactions.
Heartland, however, must get approval from at least 80 percent of eligible card issuers, who also must sign a release of liability. It will send formal offers January 14, and eligible issuers will have until January 29 to opt in, AP reported.
YouGov Polimetrix, 1200 Lenox Drive, Suite 102, Lawrenceville 08648; 609-734-9300; fax, 609-734-9391. Douglas Rivers, managing partner. Home page: www.clearh.com.
California-based online market research agency YouGov and Village Boulevard research firm Clear Horizons have completed a deal announced in April.
YouGov said then that it would acquire Clear Horizons for an initial sum of $600,000 and a maximum of $2.7 million “based on the achievement of a performance related earn-out” over three years.
YouGov, which provides research for CNN, Google, and Kellogg, said the acquisition would bring to its U.S. operations blue-chip clients and “a team of excellent researchers” while Clear Horizons would be able to use YouGov’s U.S. data collection infrastructure and “extend the range of its market research activities.”
Clear Horizons was founded by Andy Cross, a 30-year marketing research professional, in 2003. Cross remains on the staff of 11 as YouGov’s director of marketing insights.
A graduate of Colgate and Penn, Cross began his career in 1978 with Young and Rubicam and worked in sales and marketing until 1998, when he became CEO of Franklin Electronic Publishers. In 2000 he founded Rosetta Marketing Strategies and headed its technology practices.
YouGov’s managing partner, Douglas Rivers, is a Silicon Valley entrepreneur who has taught at Caltech, UCLA, Stanford, and Harvard, where he earned his Ph.D. Rivers is a consultant for CBS News and is considered a leading name in market research.
PD/LD Inc. (Photo Diode-Laser Diode), 30-B Pennington-Hopewell Road, Pennington 08534; 609-564-7900; fax, 609-564-7901. Vladimir Ban, president. www.pd-ld.com.
PD-LD, a Pennington-based photonics packaging company, will be part of a $17 million bridge deck rehabilitation project led by Rutgers University. PD-LD will produce an “Automated Nondestructive Evaluation and Rehabilitation System,” or ANDERS, for $1.5 million. The technology allows for rapid, on-site evaluation of bridge conditions.
The overall project is expected to take place around the state.
Hutchinson Industries (TOT), 460 Southard Street, Trenton 08638; 609-394-1010; fax, 609-394-2031. Pascal Seradarian, president. www.hutchinsoninc.com.
The Trenton-based manufacturer of run-flats and wheels for military and security vehicles has been given an $8.2 million contract for wheel assemblies by the U.S. Army.
Derma Sciences Inc. (DSCIOB), 214 Carnegie Center, Suite 300, Princeton 08540; 609-514-4744; fax, 609-514-0502. Edward J. Quilty, CEO. Home page: www.dermasciences.com.
Derma Sciences, a wound care products developer, has partnered with a New Zealand company in a move that effectively triples the former’s market potential for its MediHoney line.
Derma Sciences, prior to signing a deal with Comvita in December, had rights to market its MediHoney wound and skin care line only in North and South America. Comvita, based in Paengaroa, New Zealand, controls approximately 75 percent of the world’s manuka honey market. The honey, indigenous to the New Zealand region, has gained increasing attention for its ability to treat digestive issues, topical wounds, wrinkles, and even strep throat.
The deal with Comvita gives Derma Sciences exclusive worldwide rights to manufacture and sell the range of MediHoney products, as well as patent rights to dressings that contain 50 percent or more manuka honey.
The deal also coincides with the Princeton company’s departure from the NASDAQ by February 1.
#b#New in Town#/b#
BluePrint Healthcare IT, 1249 South River Road, Suite 106, Cranbury 08512; 732-607-0011; fax, 732-875-1188. Pam Kaur. Home page: www.blueprinthit.com.
Healthcare IT staffing firm BluePrint has moved into Cranbury.
The firm, formerly located in East Brunswick, develops medical analysis software and provides consultant staffing.
Siro Clinpharm USA, 116 Village Boulevard, Suite 200, Princeton 08540-; 609-452-1230; fax, 609-228-4118. Patricia A. Terek, president. Home page: www.siroclinpharm.com.
Siro Clinpharm has moved from 743 Alexander Road to Village Boulevard and has a new phone number. The company’s parent is based in Mumbai, India. It conducts Phase 1 through 4 clinical trials there for a number of biotech companies and has more than 400 employees worldwide. The Village Boulevard office serves as a sales and marketing organization, and also manages U.S. projects.
Wislar Wealth Management, 10 East Broad Street, Hopewell 08525; 609-466-4006; fax, 609-466-4005. George B. Wislar, senior managing director. www.wislarwealth.com.
Wislar Wealth Management, a financial planning agency catering to high-end clients, has moved from 344 Nassau Street to Hopewell.
The move comes nearly two years after Wislar acquired former Pennington investment firm Dresdner & Company, which gave Wislar a six-person staff.
Owner George Wislar was born in Princeton and studied economics and marketing at the University of Massachusetts. He became a senior managing director with US Fiduciary and a senior vice president with UBS Financial Services.
The third of six children, Wislar grew up listening to dinner table stories told by his grandfather, who held two seats on the New York Stock Exchange. The stories rubbed off not only on Wislar, but on his brother, Elliott, who is the president of Clearbrook Financial on Hulfish Street.
Jane Davison, 83, on January 9. She and her late husband, Bruce, owned and operated Davison’s Market on Main Street in Hightstown for 40 years.
Basil Guiliano, 61, on January 7. A scientist who held numerous patents, he was an engineer with FMC Corporation for nearly 30 years.
Bill Jones, 69, on January 6. He worked at Hagens Recording Studio in Princeton for 40 years.
Larry Pellegrino, 87, on January 6. After 30 years at General Motors, he worked at Elsworth’s Liquors.
Ursula Kaplowitz, 60, on January 6. She taught pottery and sculpture at her Hopewell studio, after years as a scientist at Yale, helping to develop the Human Genome Project.
Stephen Verish, 61, on January 5. The former chief of police in Holland Township, he worked as a criminal investigator for the Princeton University Department of Public Safety.
Angela Licciardello, 58, on January 3. Leader of the Andi Rosell Band, she was a longtime entertainer who also sang for MC2 and played backup guitar for Kitty Wells, Barbara Mandrell, and Tex Ritter.