Corrections or additions?

This article by Barbara Fox was prepared for the April 3, 2002

edition of U.S. 1 Newspaper. All rights reserved.

Life in the Fast Lane

Princeton Softech on Campus Drive will be able to buy

itself back from Computer Horizons Corp., thanks to a $21 million

acquisition and financing deal with two private equity firms, Apax

Partners (www.apax.com) and LLR Partners (www.llrpartners.com).

Founded in 1989, Princeton Softech was number 77 on the Inc. 500 list

five years later and had 37 employees. In 2000, founder Joe Allegra

sold it to Mountain Lake-based Computer Horizons and more than doubled

his space with a move to 52,000 square feet on Campus Drive at

University

Square. Then he ceded the CEO spot to Lisa Cash, formerly the

company’s

vice president of North American sales. Cash is an alumna of Penn

State (magna cum laude, Class of 1987), and had worked for Club

Corporation

for America in Pittsburgh and for Bell Atlantic.

Cash says the buy-back transaction "is a powerful endorsement

of our business and of the active archiving category as a whole,

especially

given today’s economic climate and highly selective venture

community,"

says Lisa Cash, Princeton Softech’s CEO.

By storing data in "smarter" ways, Active Archive Solutions

offer a thrifty way to speed up data response times and maintain

service

levels. It sets aside infrequently used data yet keeps it "at

the ready" for easy access. In particular, it can restore just

one record from a data set, yet maintain the proper relationships

between the records. With corporate databases growing at 40 percent

a year, the market for data management is supposed to be $5.7 billion

by 2005, according to Gartner Dataquest estimates.

"We are convinced that active archiving will become a critical

element in the next decade," says Evangelos Simoudis, partner

at Apax Partners. "In just 12 months, Princeton Softech

established

the active archiving category, captured thought leadership, and signed

Fortune 500 clients."

Princeton Softech (CHRZ), 111 Campus Drive,

Princeton

08540-1423. Lisa Cash, president. 609-627-5500; fax, 609-627-7799.

Www.princetonsoftech.com


Next Story


Corrections or additions?


This page is published by PrincetonInfo.com

— the web site for U.S. 1 Newspaper in Princeton, New Jersey.

Facebook Comments