Edited by Scott Morgan
S.S.& C. Technologies (SSNC), 101 Business Park Drive, Suite 220, Skillman 08558; 609-497-2000; fax, 609-683-0115. Bill Stone, CEO. www.ssctech.com.
S.S.&C., a developer of integrated financial trading software, has acquired the assets of Massachusetts-based Evare, a provider for financial data acquisition, transformation, and delivery. Terms of the acquisition were not disclosed.
According to S.S.&C., the acquisition complements the company’s middle and back-office institutional outsourcing and hedge fund administration service offering
“Financial institutions spend a considerable amount of time each day gathering data to conduct reconciliations,” said S.S.&C. CEO Bill Stone in a statement. “This is a time-consuming and expensive process for the middle and back office, and automation of this offers a strong cost savings.”
Netrics Inc., 707 State Road, Suite 212, Princeton 08540; 609-683-4002; fax, 609-683-4209. Stefanos Damianakis, president and CEO. Home page: www.netrics.com.
Netrics, a search and information services firm based on State Road, has been acquired by California-based Tibco for an undisclosed amount.
The acquisition matches Netrics’ data matching engine and informational retrieval software with Tibco’s data governance, master data management, and event-driven software.
Netrics’ president and CEO, Stefanos Damianakis, has joined Tibco to lead the development of this venture, but it is unclear whether the new company will continue at 707 State Road with Damianakis at the helm.
Tibco is the firm whose technology helped digitize Wall Street in the 1980s. The company can be reached through www.tibco.com.
Taconic, 5 Cedar Brook Drive, Cedar Brook Corporate Center, Cranbury 08512; 609-860-0806; fax, 609-860-8515. David Grass, Ph.D., vice president technical operations. www.taconic.com.
Taconic, one of the largest laboratory rodent providers in the world, recently acquired Xenogen Biosciences Corporation, from parent company Caliper Life Sciences for an undisclosed amount.
The move enables Taconic to expand its genetically modified model generation, production, and phenotyping capabilities. Taconic will also cryopreserve, breed, and distribute Caliper’s Light Producing Transgenic Animals line of models that uses bioluminescent technology to improve oncology, inflammation, metabolic, and endocrine disease research and drug toxicology studies.
“The integration of Xenogen Biosciences’ services with Taconic’s drug discovery solutions and capabilities creates a robust, highly competitive offering that will assist the biomedical community in reaching its objectives,” said David S. Grass, Ph.D., Divisional Vice President, Technical Operations, Xenogen Biosciences. “In addition, Xenogen Biosciences’ compound profiling capabilities will be especially valuable to Taconic customers that seek new disease indications for existing therapeutics, an area of growing importance and interest in the pharmaceutical industry.”
#b#New in Town#/b#
H.I.R.E. Financial LLC, 2 King Arthur Court, North Brunswick 08902; 877-414-4473. Peter Siekierski, partner. Home page:hirefinancialllc.com .
Peter Siekierski has opened H.I.R.E. Financial LLC, a debt resolution and loan modification firm, on King Arthur Court in North Brunswick. The firm also handles loss mitigation and credit repair.
Zenith Services Inc., 4390 Route 1 North, Suite 217, Princeton 08540; 732-568-4950; fax, 732-649-6479. Udayasri Addala, owner. Home page: www.zenithcad.com.
Zenith, an IT consulting and services firm focusing on the financial industry, has opened on Route 1.
The firm was founded by Udayasri Addala, who began her career as an financial analyst with the New York-based Archeus Capital Management in 2004. Addala earned a bachelor’s from the Agricultural University from NG Ranga University in Hyderbad, India and a master’s in agribusiness management from Arizona State.
Nanion Technologies, 675 Route 1 South, Technology Center of NJ, North Brunswick 08902; 888-962-6466; fax, 732-745-7270. Rodolfo Hadeo, general manager. Home page: www.nanion.de.
The Germany-based designer of high-throughput screening systems for ion channel active drugs, has opened its first North American office at the Technology Center of New Jersey.
Ion channels are proteins that help control electrical impulses in cells. Nanion’s demonstration site is located in Chromocell’s newly built laboratory space. Nanion and Chromocell, a developer of pain and anxiety drugs, are research partners here. While Chromocell develops the drugs, Nanion develops the technology needed to screen them.
In a written statement, Nanion CEO Neils Fertig said the American market is growing too rapidly and the Route 1 corridor is too advanced in biotech research to pass up opening a facility here. “To expand and support sales in the U.S.,” he wrote, “our New Jersey office will make it easier for people to visit us and see our platforms in action.”
Rodolfo Haedo, who last worked in Merck’s ion channel research department in Rahway, will serve as general manager and chief application scientist at the North Brunswick office. The Brazil-born Haedo holds a bachelor’s in molecular biology from the university of Buenos Aires and another in biology from Rutgers. He also has a master’s in biology from Rutgers.
#b#Management Moves #/b#
SHL: Saville & Holdsworth USA Inc., 100 Canal Pointe Boulevard, Suite 110, Princeton 08540; 609-520-1700; fax, 609-520-1774. Robert Morgan, president.
SHL Group, an international workplace talent assessment firm, has named Robert Morgan president of the company’s American operations. Morgan will replace Hennie Kriek, who will remain on the company’s scientific advisory board.
Morgan joins SHL from Hudson, a provider of specialized, professional recruitment, contract professionals, and worldwide talent management services, where he served as COO of recruitment and talent management in the Americas. Before Hudson, he served as president of employment solutions for temp-placement firm Spherion.
Port Jersey Logistics: Tyler Distribution Center, 4 South Middlesex Avenue, Center Point Industrial Park, Monroe 08831; 609-860-1010; fax, 609-860-5489. Louis J. Keating, vice president. www.portjersey.com.
Tyler Distribution Centers, Inc., a third-party provider of warehouse space, recently added 30,000 square feet to its services facility in Dayton. The expansion allows greater attention to order on fulfillment, shipping and display assembly, repackaging, labeling, kitting, and light assembly.
Mikros Systems Corp. (MKRS.OB), 707 Alexander Road, Building 2, Suite 208, Box 7189, Princeton 08543; 609-987-1513; fax, 609-987-8114. Thomas J. Meaney, president. Home page: www.mikrossystems.com.
Mikros Systems, an electronics developer for the military, has received a $26 million contract from the U.S. Navy to supply 27 Adaptive Diagnostic Electronic Portable Testset (ADEPT) units over the next 6 to 9 months. The navy plans to install the units, which are designed to reduce the time it takes to and allow systems experts to troubleshoot remotely, on some of its cruisers and destroyers.
Serra Weiss LLC, Counselors at Law and Mediation, 1 Tree Farm Road, Suite 202, Pennington 08534; 609-924-4818; fax, 609-924-4480. www.serraweiss.com.
The law firm of Serra Weiss, which specializes in guardianship issues related to seniors and the developmentally disabled, has moved from Montgomery Knoll to Pennington.
Healthcare First, 103 Morgan Lane, Suite 102, Plainsboro 08536; 609-356-1700; fax, 609-356-1701. David Lepping, executive director. www.hc1st.com.
Healthcare First, a medical communications firm, moved from a small office at 9 Davidson Avenue in Jamesburg to space of about 4,000 square feet in Plainsboro.
A startup medical communications firm of only two people in March, 2006, the company has grown to a staff of 12, including a medical director, program manager, writers and editors, and account supervisors.
Healthcare First is the continuing medical education division of DazGlobal LLC, based in Hackensack. It does medical education for doctors, in particular the programs offering the certified medical education credits that physicians must accumulate.
Kurt Salmon Associates, 103 Carnegie Center, Princeton. www.kurtsalmon.com.
Kurt Salmon Associates, a management consulting firm with offices around the United States, has closed its office in Carnegie Center.As of last year, the firm employed 30 in Princeton. Its New York office can be reached at 212-319-9450.
Neil Laboratories Inc., 55 Lake Drive, Hightstown. Mantu Patel, co-owner.
Generic Drug manufacturer Neil Laboratories no longer has its location on Lake Drive. The genetic drug manufacturer has no phone number listed in the directory.
Neil was the focus of DEA investigation that first looked into the practices of several drug makers in the late 1990s. According to federal records, 3.5 million psuedoephedrine tablets were diverted to the black market leading to 50 law enforcement actions linked in 11 states. In 1998 the DEA rejected Neil ‘s export requests to a buyer in Mexico and subsequently “shut down 13 distributors that carried Neil tablets after millions were used in the meth trade,” according to a 2004 article in the Oregonian newspaper.
Neil received only warning letters. Two years later, after federal authorities inspected the firm’s books, they opened a wider investigation that reportedly led to a taped conversation between Patel and an informant in which Patel allegedly acknowledged that his company’s medicines were part of the meth trade.
Patel was charged with supplying pseudoephedrine to the meth trade, but the charge was dropped when Patel pleaded guilty to a misdemeanor involving record-keeping. Neil Labs later agreed to stop selling over-the-counter pseudoephedrine products. Patel, according to Hyman Phelps McNamara, the New York law firm that represented him, appealed his firm’s suspension. The appeal was denied.
Gary Schuessler, 52, on March 31. He was a beverage manager at the Scanticon (now Marriott) Hotel in Princeton for 20 years.